COVID 19: Nigeria and China, Issues and Matters Arising....from Business and Economy Perspective.
Abuja, Nigeria Current Affairs April 11 @ 1:45am
Nigeria ranks the seven-largest country in the world, also the African largest market economy, its remains the most competitive destination for the establishment of medium and large manufacturing industries.
China has since position itself to take advantage of this expansive market to invest on Nigeria manufacturing sector, today, the investment of Chinese companies worth over $20 billion and still counting, the president China chamber of commerce in Nigeria, Ye Shuijin, in a recent interview said
‘’The 160 Chinese firms operating in Nigeria had over 200,000 Nigerian; I believe the Chinese investment in Nigeria is about $20 billion and we have employed over 200,000 Nigerians. Our workforce is 95 percent Nigerians“
Also during senate public hearing on foreign debts, the minister of finance Zainab Ahmed said apart from World Bank, China is the only country willing to provide the long-tenured loan facility with an average moratorium of five years, according to her their willing to support the country was responsible for the dominance of the Chinese in Nigeria manufacture market.
The Minister further said that, Nigeria needed to access a total of $22.7 billion from the Chinese government for several projects across the country which includes health, power, education, and $4.9 billion would be dedicated to Mambilla power project.
On COVID 19: in an effort to combat the corona virus pandemic a group of Chinese companies working in Nigeria donated medical supplies including health workers comprises Doctors, Nurses, and technical experts to support Nigeria fight against the pandemic, among the items donated includes commodities such as personnel protective equipments and ventilators.
The Nigeria Medical Association (NMA) kicked against the plan of Chinese doctors coming to Nigeria asking the federal government to rather empower Nigeria medical practitioners to perform better.
Meanwhile News Agency of Nigeria (NAN) reports that 43 persons including Chinese miners were quarantined by the plateau state government after the Chinese had contacts with some people.
The minister of health Dr Osagie Enahire responding to the plight of Nigeria Medical Association (NMA) said the government however, could not reject the offer of China to assist Nigeria in such a trying period.
But rather assured Nigerian doctors that their Chinese counterpart would be subjected to the laws of the land and would not have access to patients being treated for corona virus in the country.
By Luka Kazzah