Magdavies Nigeria Limited and CHIFF Technology Inc have officially agreed to work together to promote and facilitate trade and investment in high technology industrial sectors within Nigeria and Taiwan.
To that effect, the CEOs of the two firms, David Ademola Adejuwon and KH Hsu recently signed a strategic Memorandum of Understanding (MOU) in Tainan City, Taiwan
The robust and strategic partnership covers trade and investment in various sectors including machinery and equipment, ICT, Oil and Gas, Automobile, Smart Agriculture and Agricultural value chain, mining, renewable energy and health care among others.
The private sector driven initiative is expected to complement Governments efforts in assisting companies and institutions in Nigeria and Taiwan to explore the huge business and investment opportunities in both countries.
The partnership will also assist small and medium enterprises, particularly in Taiwan, to gain a foothold in Nigeria and to a large extent, West Africa thereby, increase substantially, the volume and value of trade in goods and services between in the region.
Analysts believe that the private sector driven initiative will foster a very strong economic and cultural relationship as well as enhance Foreign Direct Investment (FDI) between Nigeria and Taiwan
Comment here