By Franklin Alli

The Economic and Commercial Counselor of the Embassy of the People Republic of China in Nigeria, Mr. Rong Yansong, has revealed that more than 40,000 Nigerians are on the payroll of Chinese companies in the country.

Yansong disclosed this, weekend, when he paid a courtesy visit to the Minister for Trade and Investment, Dr. Samuel Ortom in his office in Abuja. According to him, over forty thousand Nigerians were employed by Chinese enterprises operating in Nigeria, noting that more Chinese investment should be expected in the country.

He further disclosed that the volume of trade and investment between both countries is now peaking at $8.2 billion as at the first half of this year , and this is expected to reach $10 billion by the end of the year. Yansong urged the Ministry to intervene in ensuring that the agreement on industrial inspection is urgently signed to guarantee quality of products imported from China.

Responding, the Minister pointed out that the Federal Government was willing to remove any barriers that are affecting investment stating that the Ministry’s mandate was to ensure that the environment was conducive for investors to operate.

Ortom urged Chinese investors to invest more in the manufacturing sector of the Nigeria economy. He noted that China is a major partner to Nigeria in trade and investment and commended the effort of government and people of China in their quest to invest more in the country.

The minister charged the counselor to liaise with the Standard Organisation of Nigeria (SON) to speed up the signing of agreement on sub-standard goods based on the fact that the Ministry and SON were eager to eliminate importation of sub standard goods into the country.


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