The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has called on Chinese investors to seize the vast opportunities in Nigeria’s economy, leveraging the country’s strategic advantages, including its large population, abundant natural resources, and rapidly growing human capital.

NACCIMA National President, Dele Kelvin Oye, who hosted a delegation from China led by the Deputy Mayor of the Changsha Municipal People’s Government, Mr. Gao Wenqi, at NACCIMA’s office in Abuja, emphasized that Nigeria offers an unparalleled investment climate in Africa, driven by a youthful, vibrant population of nearly 250 million people and abundant natural resources.

He said the country is strategically positioned as a gateway to Africa’s vast markets, noting that the size of the nation’s population presents a significant consumer base and a robust workforce that can support large-scale industrial activities.

“With one of the world’s largest populations, Nigeria offers a ready market of nearly 250 million people. Additionally, the country serves as a gateway to West Africa. Any goods manufactured in Nigeria can be easily sold across the African continent, thanks to the Economic Community of West African States (ECOWAS), which facilitates free trade within the West African sub-region,” Oye said.

The NACCIMA boss stressed the need for increased foreign direct investment (FDI) in key sectors such as agriculture, technology, mining, renewable energy, and infrastructure development, assuring the Chinese business community that Nigeria offers a conducive environment for investors, supported by favourable government policies, incentives, and ongoing improvements in ease of doing business.

The meeting served as a pivotal platform to explore synergistic avenues in the realms of trade, investment, and technology transfer.

Both parties articulated a shared vision for cultivating mutually beneficial collaborations, specifically emphasizing the potential for joint ventures in agriculture, manufacturing, and capacity building. They hoped that through the confluence of their expertise and resources, they would drive sustainable development that benefits both nations.