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Chamber urges Nigerian businessmen to document trade with China

The Nigerian-Chinese Chamber of Commerce in Lagos on Wednesday urged Nigerian usinessmen to channel     their trade relations with China through the normal processes.

In an interview with the News Agency of Nigeria (NAN), the President of the chamber, Mr Elvis Emecheta, wondered why most Nigerians would not document their trade.

“Trade should be reciprocal and not a one- sided show, especially when the countries involved have the opportunity to benefit from each another,” he said. Emecheta said the Nigerian businessmen had not been proactive in terms of taking advantage of the trade benefits between Nigeria and China.

According to him, with the high penetration of the Chinese activities in the country, the reverse is the case with the country at the moment. The chamber president urged the Federal Government to take adequate measures to check the trend and strengthen its trade relations with China. “For years, Chinese products have over-flooded the Nigerian market and they are still doing well but our products to that country are not adequately documented.

Our businessmen prefer to go through the back door to transact their business and all efforts to correct the anomaly have proved abortive,” Emecheta said.

He said at the moment, there were no specific data to show the trade ties between the two countries and this had been going on for long. “The government should be proactive in this regard; the Chinese know how to make money and they are persistent in their business skills,” he said


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