Nigeria has potentials to develop its infrastructure – Jacob Wood, Chairman, Nigeria–China Business Council

The Chairman, Nigeria–China Business Council, Chief Jacob Wood has pointed out that Nigeria has potentials to developed its infrastructure and improve its industrial base for the welfare of her citizens.

He made the remarks over dinner hosted in honour of the members of the Nigeria-China Business Council in Beijing, China.

The Chairman said that with hard work, diligence and honesty on the part of both private and public sectors, Nigeria will overcome the problem of infrastructural deficit and unemployment.

He recalled his first visit to Lagos 30 years ago, which availed him of the opportunity to see a bridge for the first time as there was no bridge in China then; noting that with dedication and hard work of  Chinese people, China was able to develope its infrastructure and improve the standard of living of her citizens.

Chief Wood urged members of the council to continue to cooperate and strive to attract more investment into Nigeria on a win-win position, and thanked the Ministry for the cooperation and support to the council.

In his remarks, Mr. David Adejuwon, Director of Trade, said that the council can lift the economy of Nigeria and strengthen the bilateral relationship between both countries, noting that both countries have common features in terms of population, human and material resources that will improve the trade and investment opportunities of Nigeria and China.

He said the Transformation Agenda of Mr. President emphasizes synergy between private and public sector and the council can serve as a pace setter in attracting quality investment into Nigeria.

The Director of Trade noted that there was still a lot of work to be done to address the quality of goods produced in China for the Nigerian market, and there was the need to collaborate to ensure production of standard goods in Nigeria and China.

Earlier, The National Coordinator, Nigeria-China Business Council, Chief Matthew Uwakwe, pointed out that the development pace in China can be replicated in Nigeria through collaboration between private and public sectors, adding that the council will continue to attract both local and foreign investors into the country.

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