CHINA-AFRICA BUSINESS FORUM ORGANISED BY THE UNITED FRONT WORK DEPARTMENT OF YUHANG DISTRICT CPC COMMITTEE, HANGZHOU, PR CHINA, 12TH -13TH OCTOBER, 2018

The Consul-General, Hon. Anderson N. Madubike presenting his keynote address during the China-Africa Business Forum in Hangzhou Municipality, P. R China 12th -13th October, 2018 The Vice Mayor of Hangzhou Municipal Government, Chen Hongying, presenting a roadmap of Hangzhou Municipality to Nigerian Consul General in Shanghai. Key participants at the Africa China Business Forum, Hangzhou Municipality, 12th -13th October, 2018

Hon. Anderson Madubike, the Consul-General of Nigerian Consulate-General in Shanghai, attended the China-Africa Business Forum, organized by the United Front Work Department of Yuhang District CPC Committee in Hangzhou, People’s Republic of China, in collaboration with China-Africa Business Council, from 12th -13th October, 2018.

The event, with the team: “An Approach to Africa: A Win-Win Cooperation” was aimed, among others, at promoting the economic integration of Nigeria and China, as well as to enhance the understanding of investors in Yuhang District on the African Investment environment and cultural atmosphere. This was with a view to promoting the business relationship between the two parties.

The Consul-General, in his keynote address, extrapolated the efforts of Nigeria Government in diversifying the economy away from the hitherto mono-economy and open up investment opportunities in diverse areas such as Agriculture, Power, Mining, Manufacturing, Waste Management, Aviation, Road and Railway infrastructure, to mention but few.

He also highlighted some of the indices that should encourage potential credible investors to invest in Nigerian economy, which include: the over 180 million population of Nigerian people and
the availability of a large market for locally manufactured goods and services. He informed of the recently signed Currency Swap Agreement worth RMB 16 Billion, which is an equivalent of 2.5 Billion USD to boost commercial ties and reduce the use of dollar in the Nigeria and Chinese bilateral trade.

Equally, he adumbrated the 48 Hours visa issuance policy of the Nigeria government as one of the numerous indices showing the commitment of the government towards wooing investors to Nigeria. Above all, the CG reiterated the commitment of the Consulate staff in ensuring that all potential investors were accorded necessary support towards their investment initiatives in Nigeria.

Thereafter, the Consul-General, took time to meet with other key personalities and representatives of the Chinese government, including the Vice Mayor of Hangzhou Municipal Government, Chen Hongying, who during their interface, discussed on the follow-up arrangement to establish a “Sister to Sister City” collaboration between selected States in Nigeria and Hangzhou Municipal.