The Chief Executive Officer (CEO) of Magdavies Nigeria Limited and Nigeria Ambassador to the World Trade Organization (WTO), Chief David Ademola Adejuwon, (right); and the Chief Executive Officer of CHIFF Technology Inc, Mr. KH Hsu, after the deal.
By Valentine Amanze
Magdavies Nigeria Limited and Taiwan-based CHIFF Technology Inc have struck a deal to boost their business activities in Nigeria and Taiwan.
The Chief Executive Officer (CEO) of Magdavies Nigeria Limited and Nigeria Ambassador to the World Trade Organization (WTO), Chief David Ademola Adejuwon, and the Chief Executive Officer of CHIFF Technology Inc, Mr. KH Hsu, signed the strategic MoU in Tainan City, Taiwan in June 17, 2024.
The two companies agreed to form a robust and strategic partnership to invest, facilitate and promote trade and investment in high technology industrial sector including machinery and equipment, ICT, Oil and Gas.
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They also agreed to corporate on Automobile, Smárt Agriculture and Agricultural value chain, mining, renewable energy, health care, environment management, and productivity improvement technology.
Other areas of corporation include, comprehensive logistics handling solutions, Automated Factory Construction planning, Automated warehouse design, manufacturing and installation, Advanced factory automation production system implementation, Customised mechanical/mechatronic /robotic products etc. in Nigeria.
The private sector-driven initiative will complement government’s efforts in helping companies and institutions in Nigeria and Taiwan to explore or discover the huge business and investment opportunities, assisting the 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 Nigeria and Taiwan.
The initiative will also foster a very strong economic and cultural ties as well as enhance Foreign Direct Investment between Federal Republic of Nigeria and ROC (Taiwan) on a win-win situation.
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