China International Business and Development Corporation (CIBDC), at the weekend, signed a strategic partnership agreement with some firms to strengthen and improve the eligibility of the companies to access investments in projects and develop the country’s economic sectors.
 
The agreement was facilitated by the Nigeria-China Investment Club (NCIC). Through this partnership, CIBDC will fast-track investment by supporting the firms in accessing the resources they need to grow, create jobs and drive long-term economic growth.
 
In his brief remarks during the event held at the Kings Court in Ikeja, Lagos, the President of the Nigeria-China Investment Club (NCIC), Dr Chidi Ulelu, explained that the signing of the agreement was the first phase of the strategic collaboration and investment in development projects in the critical sectors of the Nigerian economy, which China was more than ready to support.
 
“NCIC is powered by NCIBD. We have millions of entities backed by the Chinese government. Our objective is to attract investment opportunities from China to Nigeria in various sectors such as health, education, agriculture, banking among others.

“Everyone who signs an agreement becomes a member of the club automatically and by November, all the firms or people whose projects have been approved will visit China to consummate the agreement. In addition, we are offering a 30 to 50 per cent reduction in prices of goods and items from China through the entities involved in our club.
 
“We need you (CIDC) to build capacity, because we need to re-invent Nigeria and we have been more than impressed with your sincerity of purpose and initiatives toward providing strategic investment that can aid growth and advancement in the projects approved in notable sectors of Nigeria’s economy,” Ulelu said.