NACCIMA, China seal pact to boost manufacturing investment in Nigeria
By Yinka Kolawole The Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has signed a tripartite Memorandum of Understanding (MoU) with China’s Linyi Wholesalers Federation and TTC Hydra Limited to strengthen bilateral trade and attract new Chinese investments into Nigeria’s manufacturing and infrastructure sectors.
The Chinese federation will coordinate the supply of products spanning building materials, agricultural machinery, automotive spare parts, construction equipment, renewable energy technologies, household appliances and electronics, while TTC Hydra Limited will provide trade facilitation and regulatory support.
Jani Ibrahim, representatives of the Chinese federation and TTC Hydra Limited reaffirmed their commitment to implementing the agreement.
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