September 22, 2018

Nigeria to establish joint-venture companies with China

Nigeria to establish joint-venture companies with China

BENUE State Deputy Governor Benson Abounu  has said Nigeria wants a better business relationship with China. Speaking during the 45th anniversary of the diplomatic relations between Nigeria and China in Abuja, he said Nigeria was interested in the Chinese helping the economy.

He said: “We are interested in getting together with China to give us the technology. Nigeria is a very fertile ground for investment. Nigeria is not interested in a memorandum of understanding. We have had series of memorandum of understanding, and they are piled up.

“What Nigeria is looking for is a memorandum of understanding for action for us to establish joint venture companies with China, especially in areas where we have comparative advantage. “Nigeria is diversifying, in just a space of 12 months the oil revenue has dwindled to an extent that not even the economists were able to predict. Because of that, we are faced with diversification, and most states have comparative advantage in the area of agriculture. Read more

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