Nigeria has all it takes for business to prosper

Sep 03, 2019

Nigeria, as Africa’s leading economy has everything it takes for businesses to thrive, and for the country to join the comity of developed nations.

This was the submission of Mr. Jackie Dai Hui, Deputy General Manager of Sinoria FABCOM, a Chinese manufacturing company, aiming to enter the Nigerian market.

He stated this while speaking to journalists in Abuja on plans by the company to float a fiber cement board manufacturing factory.

He also noted that a few years from now many companies in China will find it cheaper to set up factories in the country, because of its huge market potentials which can also become the base for servicing the rest of the African markets.

According to him, “Nigeria has all it takes, the raw materials are there and skilled manpower is on the rise, it is only a question of time and I believe this would be very soon, our company Sinoria FABCOM want to be part of the industrial growth and development of Nigeria and that is why we are reinvesting our profit in the new factory rather than taking it back to China.”

Sinoria FABCOM is part of the Chinese global giant, CNBM, a Fortune 500 company, and already has an industrial complex in Kuje Abuja which was set up four years ago for the manufacturing of stone coated roofing sheet.

Jacke Dai Hui said that Sinoria FABCOM wants “to use its building materials expertise to help Nigeria solve the problem of its housing need by providing quality but affordable building materials to the Nigerian housing sector.”

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