Nigerian Governors Seek Transnational Investments from China

(Last Updated On: 2017-04-17)

Nahimat Adekoga

Nigerian governors has called for transnational investments between Nigeria and China.

To foster this objective, the first edition of the Nigeria Governors’ Investment Forum was held in Guangzhou, China with participation of nine states from Nigeria.

Participants from the two countries conducted in-depth discussions and case sharing on the theme of the forum “sustainable cities and livelihood”.

Speaking at the forum, the Vice Mayor of Guangzhou, Mr. Cai Chaolin, stated that Nigeria as the largest economy in Africa and Guangdong are highly complementary to each other in areas such as manufacturing, agriculture, cultural exchanges and infrastructure development being situated along the “Belt and Road” and there is vast potential for cooperation between the two countries.

“The Guangzhou Municipal Government has always attached great importance to all-round cooperation with Nigeria. We believe this forum will be a great opportunity for China and Nigeria to further their long-standing friendship, and construct a new bridge for investment activities between the two nations”.

“With the GAC Group as a leading investment enterprise, we are speeding up the development of our overseas marketing and service system, and taking internationalization as a key development strategy. He hopes that in the future, more and more high-quality Chinese enterprises such as GAC Group will bring better products and services to Nigeria, so as to further strengthen bilateral exchanges and cooperation”.

Also Speaking during the forum, President of GAC Group, Mr. Zeng Qinghong, delivered a speech titled “GAC’s global planning with sustainable development as the basis and the ‘Belt and Road’ Initiative as the driver” introducing to the forum participants the achievements and main business sectors of GAC Group, while emphasizing GAC’s sincere willingness to offer high-quality products and services to Nigerian consumers.
“GAC Group’s private brand GAC Motor has developed stable sales channels in Nigeria and achieved outstanding sales records. GAC Motor’s entry into the local market has brought consumers greater ride experience and higher quality of life. With automobiles as a bridge, GAC Motor has not only benefited Nigeria with high-quality products and services, but has also brought management expertise and technologies there, thus increasing employment and enabling resource integration, technological innovation and sustainable development, he said.”

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