Business & Finance

Nigerian government set to boost industrialisation efforts

Nigerian government is to intensify efforts in the industrialization of the country.

The Secretary to the Government of the Federation, Mr. Boss Mustapha who stated this in a message at the 2018 China Nigeria Production Capacity and Investment Cooperation in Abuja, Nigeria, added that this was to check the exportation of only raw materials from the country.

Mr. Mustapha who was represented at the forum by the Permanent Secretary in the office of the Secretary to the Government of the Federation, Mr. Gabriel Aduda, said the quest to industrialise the nation was part of efforts to add value to the country’s raw material as finished product before exportation.

The only way we can grow is to move away from exporting only raw materials, boost our production capacity set up industries in Nigeria, no nation ever grows by exporting raw materials only.

Mr. Mustapha said that Nigeria’s cooperation with China will facilitate the country industrial growth.

We are looking forward to an improvement in that, and we have identified China as a worthy ally in growing the economy of Nigeria.

The Chinese Ambassador to Nigeria, Ambassador Zhou Pingjian, said China remained committed to stepping up its cooperation with Nigeria, in the areas of agriculture and industrial capacity and investment.

As the largest developing country in the world, China takes deep pride in its ever stronger partnership with Nigeria, the largest developing country in Africa.

The Chairman House Committee on Nigerian China Relations in Nigeria’s House of Representatives, Mr. Yusuf Buba Yakub, said Nigeria China relations has transcended bilateral relations and has become a pace setter to Sino-African and Asian relations.

He noted that China has demonstrated its willingness to share its experiences with Nigeria and also provide capital technology and human resources for Nigeria’s industrialisation drive.

The Forum is organised by the Embassy of the People’s Republic of China in Nigeria and the Committee, Nigerian House of Representatives, on Nigeria-China Relations.

Source: Voice of Nigeria