Two Chinese companies have indicated interest to invest in Nigeria’s mining, real estate, solar energy, electricity, mass transportation and the agro-allied, among other sectors of the nation’s economy. A delegation of private companies, Yadoo Investment Co. Ltd and the Gomon New Energy Co. Ltd., disclosed this weekend in Abuja when they visited the Minister of State for Industry, Trade and Investment, Dr. Samuel Ortom, and members of the Nigeria Entrepreneurs Forum, NEF led by their president, Mr Sidney Inegbedion. Leader of the delegation, Mr Chen Zhichun said they were in Nigeria to explore investment opportunities in some key sectors of the country’s economy, adding that they have identified those sectors as most suitable for their investments. Zhichum, who is also the chairman of the Board of Yadoo Group, explained that the choice of Nigeria was informed by the huge economic and investment opportunities that abound in all sectors of the nation’s economy Speaking through an interpreter, he said that their coming to the country was a follow-up on a visit in October by a group of African diplomats, including Ghana, Congo DRC and Nigeria to the Sichuan Province of China in search of investments for their respective countries. The Yadoo chairman expressed the hope that his groups’ engagements with members of the Nigeria Entrepreneurs Forum and other players would lead to the signing of business deals. In his response, the minister described their visit as timely in view of the ongoing transformation of the country’s economy by the President Goodluck Jonathan administration. “We have massive opportunities in solid minerals, oil and gas, culture and tourism, agriculture and in fact all sectors of the economy. “The good story is that at this time in the history of our country we have a president who is here to transform the economy and make it friendlier to investors. “So, you are coming at the right time and I am impressed by your profile. I know that you have so much to offer this country, and I can assure you that anything invested in any sector will yield very high returns’’, Ortom said. He stated that Nigeria was ever willing to expand its business relationship with China as demonstrated in President Jonathan’s visit to Beijing in July during which several agreements were signed by both countries. “I assure you of our readiness to support and protect your investments in our country. Wherever you have challenges let us know,’’ the minister said. On his part, President of NEF, Mr Sidney Inegbedion, expressed happiness that the forum’s visits to China in pursuit of investment and market for made-in-Nigeria goods had yielded positive results. He said that the forum had identified some relevant local entrepreneurs interested in partnering with the groups in their identified areas of interest.
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