In a landmark partnership set to redefine economic dynamics, Mr. Zhang xueliang, President of China Global Purchasing Group Limited（QUANCAI GROUP） and Mr.  Adeleke Adefala , Mr Ajibola Isijola are CEO and MD of CHNG Alliance LTD（CHNG） on 4th September of 2023 signed MOU and strategic cooperation agreement and jointly have announced  a groundbreaking joint venture in Nigeria and China respectively that aimed at ushering in a new era of economic development platform across the various sectors of the Nigerian economy and Chinese economy.

This historic collaboration, initiated with the mutual interests of both nations, signifies a powerful commitment to fostering economic growth, stability, and prosperity in Nigeria. Meanwhile, the Chinese major and high-tech products and services can circulate into Nigeria market to benefit Nigerian people through the civil cooperation, enhance culture exchange and mutual benefits. The joint venture, a testament to the strong diplomatic ties between the two nations, will play a pivotal role in diversifying the Nigerian economy and catalyzing sustainable development. Key Highlights of the Joint Venture:

1、Unprecedented FDI Influx: The partnership between China and Nigeria is poised to attract a significant influx of Foreign Direct Investment into Nigeria's vital sectors, including infrastructure, energy, agriculture, technology, healthcare, and education. This influx of investment will provide the necessary capital to boost Nigeria's economic growth.

2、 Infrastructure Development: A substantial portion of the investment will be channeled into critical infrastructure projects, enhancing transportation networks, energy generation, and telecommunications, thereby addressing infrastructure gaps and promoting economic inclusivity.

3、Job Creation: As a result of this collaboration, millions of job opportunities will be created for Nigerians across various industries, reducing unemployment rates and promoting socio-economic stability.

4、Technological Advancement: The partnership will facilitate technology transfer and knowledge exchange, fostering innovation and improving the technological landscape in Nigeria.

5、Sustainable Agriculture: Investment in the agricultural sector will modernize farming practices, increase food production, and enhance food security, addressing one of Nigeria's most pressing challenges.

6、Healthcare and Education: The joint venture will strengthen healthcare services and improve educational facilities, making quality healthcare and education more accessible to all Nigerians.

7、 Environmental Sustainability: Both parties are committed to sustainable development practices, ensuring that investments are made with minimal environmental impact and long-term sustainability in mind.

The joint venture is a testament to the confidence and trust both China and Nigeria have in each other's economic potential and the opportunities for mutual growth. It reinforces their commitment to international cooperation and trade, serving as an exemplary model for other nations to follow.

This momentous collaboration will not only deepen economic ties between China and Nigeria but will also serve as a catalyst for the broader African continent's economic transformation. Together, China and Nigeria are poised to reshape the economic landscape of Nigeria and China, creating a brighter future for all Chinese and Nigerian citizens.