China will continue to be an important partner in Nigeria’s ongoing quest for sustainable growth and development, the Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, has said.
He disclosed this yesterday during a panel discussion at the Second Investing in Africa Forum, which took place September 7-8 in Guangzhou, China.
The Forum, with the theme, ‘Experience Sharing and Investment Promotion, Building Complementarities and Shared Prosperity’, was organized by the Government of China’s Guangdong Province, the China Development Bank, and the World Bank Group, and, according to the organizers, “aims to promote experience sharing between China and Africa and build accelerated investment in Africa.” It brought together senior government and private sector officials from across the African continent, and China, as well as representatives from academia and development finance institutions.
Enelamah, speaking during a special session on Business Promotion, chaired by Mr. Liang Huijiang, Director-General of the China Development Bank’s International Finance Department, said that Nigeria is keenly taking advantage of the difficult economic conditions arising from the sharp fall in oil prices, to restructure its economy.
According to him, “Our principal economic policy direction in Nigeria is to diversify the economy, away from the longstanding traditional reliance on oil exports. We are taking steps to structurally transform the economy, so as to restore growth and create jobs,” he said.