Nigeria Partners China To Curtail Importation Of Substandard Products

Nigeria has partnered with China to address the importation of substandard products into the country.

Addressing the press in Abuja, Ye Shuijin, President of China Chamber of Commerce Nigeria (CCCN), confirmed that most of the fake products imported into Nigeria were not made in China. He said the CCCN and the Standards Organization of Nigeria (SON) had put measures in place that would check the inflow of substandard products into the country.

According to Ye, some of the measures include reporting and sanctioning culprits and also ensuring companies imbibe and pursue quality at all times.

In his words:

Most of the substandard products that came to Nigeria are not from China because the Chinese government has well-structured standards in place for its products. China products are of high quality, nonetheless, the Chinese government is already cooperating with the Nigerian government to promote the importation of quality products to Nigeria.

According to reports, sub-standard products are mostly common in the importation of iron rods, electronics, electrical consumables and fittings, among others. SON in 2016, raised the alarm that 40% of electrical and electronic appliances imported into Nigeria were sub-standard and had caused loss of lives and property. It was also observed that all kinds of uncertified food items were also being imported into the country.

He, however, urged the Nigerian Customs Service importers to be cautious and do more in checkmating inflow of substandard products at the nation’s seaports and borders. The CCCN president noted that the chamber of commerce and the government have always encouraged investors from China to invest in the manufacturing sector to support the development of the Nigerian economy.

Nigeria & EU Partner To Facilitate Investment Flow

Nigeria and the European Union (EU) have agreed to enhance cooperation in the areas of corruption, security and economy, to facilitate investment flow from the EU states into Nigeria.

EU Ambassador and Head of EU delegation to Nigeria and Economic Community of West African States (ECOWAS) Michell Arion led the EU delegation to the dialogue. Nigeria Foreign Affairs Minister Geoffrey Onyeama led other ministry officials to the meeting.

Briefing reporters, Arion said the meeting focused on Buhari’s three-point agenda of security, economy and corruption as well as others, which include irregular migration and the humanitarian situation in the Northeast. The envoy said that EU and Nigeria could work together for mutual benefits of both parties and enhance peace, security and economic cooperation.

In his words:

“We believe that our prosperity is your prosperity. We see West Africa as a block of ECOWAS and Nigeria as the economic base. We see West Africa not as export designation for the EU but investment destination for EU; we don’t have hidden agenda. I will say that what we can do is to facilitate the EU investment in Nigeria, not only at the level of bilateral relations but in other fora. I believed that there are a lot of things we can do together basically in two main areas one is peace and security. We really believed that our security in the EU is your security; I believe we are fighting the same terrorists.”

Nigeria Ratifies Agreements With UAE On Financial Cooperation [2017]

President Muhammadu Buhari has signed nine different instrument of Ratification for international Agreements between Nigeria and other countries to boost financial cooperation and ease the repatriation of illicit funds which include Extradition Treaty between Nigeria and United Arab Emirates (UAE) targeted toward strengthening Nigeria’s anti-corruption campaign.

The President said that the agreements signed would enable both countries to take important steps toward strengthening their economies and security, charging all agencies with roles to play under the respective Treaties to ensure that they did that effectively to reap the full benefits of the agreements.

In his words:

“Today’s ceremony marks a very important milestone in our demonstration of sovereign capacity to fulfill our international obligations and take important steps for the benefit of our economy, security and the anti-corruption war within and outside Nigeria. I am happy to note therefore, that pursuant to a Memorandum presented to the Federal Executive Council by the Honourable Attorney-General of the Federation and Minister of Justice, Council has approved the ratification of the said Agreements, thus paving the way for today’s ceremony. With this sovereign act, which has been replicated in the United Arab Emirates by their responsible authorities, we are now in a position to utilize these Agreements fully to foster cooperation between our respective authorities particularly for the purpose of prosecuting the anti-corruption campaign of this Government.’’

Nigeria and the United Arab Emirates (UAE) in January 2016 in Abu Dhabi signed six different agreements to enhance bilateral relations between them. The signing of the agreements on trade, finance and judicial matters was witnessed by President Muhammadu Buhari and the Crown Prince of the United Arab Emirates, Sheikh Mohammed Bin Zayed Al Nahyan, the Minister of Justice, Abubakar Malami and his counterpart in the United Arab Emirates, Sultan Bin Saeed Albadi signed the Judicial Agreements on Extradition, Transfer of Sentenced Persons, Mutual Legal Assistance on Criminal Matters and Mutual Legal Assistance on Criminal and Commercial Matters, which include the recovery and repatriation of stolen wealth.

President Buhari further observed that the signing of the agreements was in demonstration of the nation’s sovereign capacity to fulfil its international obligations and take important steps for the benefit of the economy, security and the anti-corruption war within and outside Nigeria.

Other legal instruments between Nigeria and UAE signed by the President included the Agreement on Mutual Legal Assistance in Criminal Matters; Agreement on Mutual Legal Assistance in Civil and Commercial Matters and the Agreement on the Transfer of Sentenced Persons, the Charter for the Lake Chad Basin between Nigeria, Cameroun, Central African Republic, Libya, Niger and the Republic of Chad, African Tax Administration Forum Agreement on Mutual Assistance in Tax Matters, the World Intellectual Property Organisation Performances and Phonograms Treaty; The World Intellectual Property Organization Treaty on Audio-Visual Performances, the Marrakesh Treaty to facilitate access to published works for persons who are blind, visually impaired or otherwise were also signed by the President.