U.S. firms in Nigeria not threatened by China

Lazarus Angbazo President American Business Council in Nigeria says U.S. businesses in NIgeria not threatened
Lazarus Angbazo President American Enterprise Council in Nigeria says U.S. companies in NIgeria not threatened

By Oluwafunke Ishola

U.S. firms in Nigeria says they see China as a enterprise alternative and never a risk to their operations and development out there.

Mr Lazarus Angbazo, President, American Enterprise Council (ABC), acknowledged this in an interview with the Information Company of Nigeria (NAN) on Friday in Lagos.

“China is an actual supply of competitors to us, however I’ll say that every of the American companies right here additionally seems to be at China as a chance.

“We take a look at China as a chance to leverage on what they will do; financing is an enormous difficulty and a chance that we leverage on, they have a less expensive provide chain, that we will leverage.

“We’ve got an enormous footprint in China and about 20,000 folks in China. We’ve got factories in China, we make issues in China for the world,” he mentioned.

In accordance with him, doing enterprise the correct approach, doing it sustainably is probably the most worthwhile approach and exhibits within the observe report.

”We’re happy with the operations and successes of American companies in Nigeria.”

He famous that the standard of American merchandise and advertising and marketing, branding assist, mental property and all the advantages had been priceless and unmatchable.

He mentioned that US would heighten American Enterprise pursuits and investments in Nigeria, assist authorities’s financial insurance policies and deepen engagement with Nigeria.

Angbazo mentioned that this is able to improve authorities’s diversification agenda, deepen the agricultural sector and digital financial development and enhance non-public sector synergy between US and Nigeria.

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