Pursuant to the bilateral agreements reached by the governments of Nigeria and China during the recently concluded Forum on China-Africa Cooperation (FOCAC), the Minister, Federal Capital Territory (FCT), Mal. Muhammad Musa Bello, has welcomed a delegation of China Shandong Auto Parts Chamber of Commerce who are on a trade and investment visit to Abuja.
In his remarks at the occasion, Malam Bello, expressed hope that the visit would initiate a lasting, fruitful and mutually beneficial relationship between FCT and the China Shandong Chambers of Commerce. He acknowledged the support of the Chinese government to the FCT Administration especially in the areas of Education, public utilities such as the physical construction of schools and transportation.
The Minister reiterated the commitment of the FCT Administration to creating enabling environment for both foreign and local investors, because of their potentials to bolster the FCT economy and create job opportunities.
He urged: “We want to see what you have so that we see where we can synergise for the development of the industry”.
In a presentation made by the Federal Capital Development Authority (FCDA), FCT Administration show-cased different sectors of the FCT’s economy where the trade and investment group could key into. They include Mass Housing, Transportation and Tourism. The delegation was informed that the FCT Master plan already has earmarked a zone for informal sector in Wasa, and that such investment like spare parts manufacturing and sales have already been provided for in the arrangement.
In his submission, the President, China Shandong Auto Parts Chamber of Commerce, and leader of the delegation, Zhou LiPing, stated that China had a large market of auto parts and look forward to partnering with Nigeria – particularly Abuja, to bring their products and services closer to the end-users.
Mr. Liping said that his organisation has already acquired a space in Lagos for a large warehouse and indicated that their interest and next destination is in Abuja. He projected that the volume of investment the group intends to bring would bring over 10,000 jobs. He also said that his group plans to build factories where they would be producing the auto parts in the next five years.
An interactive section chaired by the Executive Secretary, FCDA, Engr. Umar Gambo Jibrin Umar, featured presentations by the Managing Director, Abuja Enterprise Agency (AEA), Malam Muhammad Tukur Arabi and Acting Director Abuja Investment Agency/ Director Economic Planning Research and Statistics, Alhaji Abubakar Pai, both calling on the investors to key into existing initiatives to boost the auto parts industry, by working to facilitate the setting up the manufacturing, of auto parts in Abuja. Both heads of agencies urged the delegation to help boost the industry by ensuring that the auto parts are manufactured in Abuja in the nearest future.
It could be recalled that in September, the President, Federal Republic of Nigeria, Muhammadu Buhari, was in China with a retinue of top government functionaries, including the FCT Minster, for the Forum on China-Africa Cooperation, (FOCAC). The visit by the China Shandong Auto Parts Chamber of Commerce is one of the fall outs of the conference.
CHIEF PRESS SECRETARY