Investment Promotion Conference of Fujian District, Edo State, Nigeria---"Insight into Trends?Win the Future"

The Investment Promotion Conference of Fujian District, Edo State, Nigeria was a complete success.

The Investment Promotion Conference of Fujian District, Edo State, Nigeria was held at Shangri-La University in Fuzhou on the afternoon of November 20, 2019, which Sponsored by the Edo State Government of Nigeria, undertaken by Nigeria Yongxing Steel Co., Ltd., a subsidiary of Fujian Qufeng Investment Group, and co-organized by the Fujian Overseas Chinese Chamber of Commerce.

Present at the meeting were Mr. Godwin Obaseki, Governor of Edo State, Ms. Deborah Okunbo, Senior Special Advisor of Benin Industrial Park, Edo State, and Chen Shihai, Chairman of Fujian Federation of Overseas Chinese Mr. Weng Xiaojie, Vice Chairman, Mr. Zheng Xusheng, President of Nigeria Fujian Association, Mr. Lin Qiantao, Chairman of Qunfeng Investment Group, and the director and project manager of Amaya Capital Investment Co., Ltd. on behalf of Nigerian entrepreneurs, Fujianese overseas Chinese in Fuzhou and More than 120 representatives from Fujian local enterprises.

Mr. Chen Shihai, chairman of Fujian Federation of Returned Overseas Chinese, extended a warm welcome to the guests on behalf of Fujian Provincial Federation of Returned Overseas Chinese. In his speech, Chairman Chen pointed out that Nigeria is the most populous country and the largest economy in Africa, and it is also an important node country along the “Belt and Road”. It has attracted many Fujian businessmen to invest and develop. For example, the organizer of this time, Fujian Qunfeng investment group, has achieved good results in the development of Nigeria and won the respect and recognition of the local society. Chairman Chen also stated that Fujian Provincial Federation of Overseas Chinese at all levels will actively perform its functions to guide overseas Chinese to participate in the infrastructure construction of the “Belt and Road”, create favorable conditions for the development of the cause of overseas Chinese, and create a grand blueprint for the “Belt and Road”.

Goodwin Obaseki, Governor of Edo State, Nigeria, expressed his gratitude to the organizers and co-organizers. In his speech, he introduced that Nigeria is the most populous country in Africa, with a total population of nearly 200 million. It is also the largest economy in Africa and the largest oil producer and exporter in Africa. Located in the center of the southern states of Nigeria, Edo State is a first-level administrative region with a superior location, a vast land area and rich natural resources. The capital, Benin City, is the most convenient transportation hub city in the south. It is the industrial and commercial center of the state, as well as the educational and medical center. He said that he sincerely welcomes businessmen from all walks of life to come to inspect and invest.

Mr. Zheng Xusheng, president of the Fujian Association of Nigeria, said in his speech that investment in Nigeria has broad market prospects and huge business opportunities. As China's second largest trading partner in Africa, China and Nigeria have maintained a good relationship for 50 years. He introduced to the participants that there are now more than 100 Fujian businessmen invested in Nigeria, and there are more than 20 large and medium-sized Fujian enterprises in Benin City, Edo State. Including the leading industries such as, the organizer—the Nigeria Yongxing Steel Company under Qunfeng Group, Times Ceramics and Rongsheng Glass, which have become the model and pride of Fujian business-men's successful investment in Benin City. The Fujian Association of Nigeria is to create a platform for communication, mutual help and mutual assistance for the Fujian folks in Nigeria, and is still making continuous efforts to strengthen bilateral economic and trade exchanges.

The organizer of this event, Mr. Lin Qiantao, Chairman of Qunfeng Investment Group, spoke on stage as a representative of overseas Chinese-invested enterprises in Nigeria. Mr. Lin Qiantao praised the obvious advantages of Edo State, such as its advantageous geographical location, abundant natural resources, and favorable social stability policies. He also introduced the subsidiary of Qunfeng Investment Group—Nigeria Yongxing Steel Co., Ltd. Since its establishment in 2012, Nigeria Yongxing Steel Co., Ltd. has become the first comprehensive construction steel production enterprise in Nigeria after years of development and construction. Its production capacity ranks first among all steel plants in Nigeria, and its product diversification is the highest in West Africa. Mr. Lin Qiantao expressed his sincere gratitude to Governor Obaseki, and hoped that more Chinese-funded enterprises would gain more fruit in Edo State, Nigeria.

      In order to welcome guests from afar and deepen the friendship between the two sides, Mr. Lin Qiantao, Chairman of Qunfeng Investment Group, presented to the Nigerian Edo state government a carefully prepared exquisite gift with traditional Chinese cultural characteristics-born lacquerware. The Edo state government also gave the organizer this time a gift with the symbolic significance of African culture --- a wood carving mask. The Investment Promotion Conference of Fujian District, Edo State, Nigeria was a complete success in a friendly atmosphere.