Abuja - The Nigeria Entrepreneurs Forum says it will soon sign a partnership
and joint venture deal covering key sectors of the economy with the China
Industrial Oversees Development and Planning Association (CIODPA).
The NEF President, Sidney Inegbedion, said this in an interview with the
News Agency of Nigeria (NAN).
He said the agreement was the outcome of Friday’s meeting in Abuja between
representatives of two Chinese companies, Yadoo Investment Company and Gomon
New Energy Company and NEF members.
Inegbedion said that the deal would give members of the forum access to the
association’s investment portfolio.
The president said that CIODPA’s investment package covered banking,
manufacturing, mass transportation, electricity and real estate, among other
In financial terms, he said that the actual size of the investment would be
known after the agreement was finalised.
“This is an opportunity for NEF members to present our financial needs to
them, and this agreement will translate into more funds to expand our
investments in the nation’s economy.
“It is going to be a funding, joint venture and partnership agreement
between CIODPA members and Nigerian enterprises under the umbrella of NEF," he
The NAN reports that CIODPA is a Chinese industrial organisation of
enterprises, individuals and related planning, design and research institutes
which have invested or are planning to invest overseas.
It serves as a bridge between the Chinese government or private enterprises
and industries overseas.
The NEF is a platform for Nigerian business owners to interact, network and
do business with each other and with their counterparts overseas.