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China is to hold a trade exhibition in Nigeria's commercial capital Lagos on November 15-19, a Chinese official said in Lagos Wednesday.
Yang Huazhong, head of the China Trade Exhibition Delegation, said that the exhibition aims to "tap great potentials for both China and Nigeria in the fields of economic relations and trade."
"There are still large perspectives and great potentials for us to cooperate with each other in expanding two-way business," he said.
Both Chinese and Nigerian business people are willing to carry out cooperation in economy, trade and many other fields in all kinds of forms, he said.
The trade exhibition, he said, will display hundreds of Chinese-made quality products in six categories of machinery, household electrical appliances, vehicles and spare parts, telecom products, hardware and light industrial products, including power generators, food processing machines, injection molding machines, packaging machines, refrigerators, air-conditioners and motorcycles.
The exhibition is sponsored by the China Council for the Promotion of International Trade in coordination with the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture and the China Investment Development and Trade Promotion Center in Nigeria.
Recent years have witnessed a steady and fast growth in China-Nigeria trade. In 2003, bilateral trade surpassed US$1.8 billion. The figure jumped to US$1.52 billion in the first nine months, making Nigeria China's second largest trade partner in Africa, only after South Africa.
Document BDU0000020041111e0bb00020

Nigeria to make laws to aid technology transfers from China
358 words

10 November 2004

09:59 AM

BBC Monitoring Africa

BBCAP

English

(c) 2004 The British Broadcasting Corporation [date of publication]. All Rights Reserved. No material may be reproduced except with the express permission of The British Broadcasting Corporation.
Text of report by Radio Nigeria from Lagos on 9 November
The Senate says legislation will be put in place to ensure the indigenization of the agreements on transfer of technology from China. The Senate Committee on Internal Affairs also expresses concern over the non-implementation of capital projects of the Internal Affairs Ministry. For details, let us join Joe Ofodu live in our National Assembly studio.
[Ofodu] The chairman, Senate Committee on Information, Tawa Umbi Wada, says some legislative measures would be involved to ensure full control and continuity by Nigerians in the operations of the manufacturing industry, while China agreed to cooperate in the area of technology transfer. Senator Tawa Umbi Wada told a news conference today that the federal government would utilize the opportunity to train citizens who will effectively man the industry after the departure of Chinese experts.
[Wada] We need to work out the necessary machinery and modality of making sure that the technology being transferred are being retained, and not only being retained, they are also being developed because we want to seek a position that next time we would be a technology exporting country.
[Ofodu] Other agreements signed between Nigeria and China are in the areas of telecommunications, technical and manpower development as well as oil investments. Senator Wada said the visit of the chairman of the Standing Committee of the National People's Congress of China, Mr Wu Bangguo, would enable Nigeria to tap from the expertise of China, which was fast becoming an industrial superpower. Mr Wu Bangguo, who was a guest of Senate President Adolphus Wabara, has since returned home.
The chairman, Senate Committee on Internal Affairs, Abubakar Sodangi, has decried the situation whereby more than 80 per cent of the capital projects of the Internal Affairs Ministry are yet to be implemented. At the year 2005 appropriation bill defence of the ministry, Senator Sodangi expressed doubt over the possibility of its implementation six weeks to the end of the year.
I am Joe Ofodu.
Source: Radio Nigeria-Lagos Channel 1 in English 1800 gmt 9 Nov 04
Document BBCAP00020041110e0ba001md
China to hold trade exhibition in Nigeria
251 words

10 November 2004

Xinhua News Agency

XNEWS

English

(c) Copyright 2004 Xinhua News Agency
LAGOS, Nov. 10 (Xinhua) -- China is to hold a trade exhibition in Nigeria's commercial capital Lagos on Nov. 15-19, a Chinese official said here Wednesday.
Yang Huazhong, head of the China Trade Exhibition Delegation, told reporters that the exhibition aims to "tap great potentials for both China and Nigeria in the fields of economic relations and trade."
"There are still large perspectives and great potentials for us to cooperate with each other in expanding two-way business," he said.
Both Chinese and Nigerian business people are willing to carry out cooperation in economy, trade and many other fields in all kinds of forms, he said.
The trade exhibition, he said, will display hundreds of Chinese- made quality products in six categories of machinery, household electrical appliances, vehicles and spare parts, telecom products, hardware and light industrial products, including power generators, food processing machines, injection molding machines, packaging machines, refrigerators, air-conditioners and motorcycles.
The exhibition is sponsored by the China Council for the Promotion of International Trade in coordination with the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture and the China Investment Development and Trade Promotion Center in Nigeria.
Recent years have witnessed a steady and fast growth in China- Nigeria trade. In 2003, bilateral trade surpassed 1.8 billion US dollars. The figure jumped to 1.52 billion dollars in the first nine months, making Nigeria China's second largest trade partner in Africa, only after South Africa.
Document XNEWS00020041110e0ba005eh

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