James Huang, Chairman, of the Taiwan Exterior Commerce Growth Council (TAITRA), says that Taiwan is ready to revolutionize the worldwide tech scene, with Nigeria on the forefront of its strategic focus.
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Huang stated this through the 2024 Taiwan Expertise Day which was organized by the Taiwan Commerce Centre in Lagos on Friday.
Highlighting Taiwan’s dominance in Info Expertise (IT), digital manufacturing, and Synthetic Intelligence (AI), he stated that it was wanting to forge revolutionary partnerships with African enterprises and governments.
“Taiwan is the main nation when it comes to data expertise industries and we’re probably the most important nation in relation to digital manufacturing, data, and expertise transformation.
“We’re additionally probably the most important nation in relation to AI as a result of Taiwanese firms produce greater than 90 p.c of world laptop servers and information facilities.
“So, I see a really shiny future for cross-federal cooperation between Taiwan and African international locations, notably Nigeria,” Huang stated.
He famous that Nigeria and Taiwan are poised for sturdy collaboration in strategic sectors together with petrochemicals, equipment, and shopper items
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Huang defined that as Africa’s largest oil producer, Nigeria’s upstream and downstream capabilities aligned with Taiwan’s strengths in petrochemical industries.
He famous that Nigeria and Taiwan are poised for sturdy collaboration in strategic sectors together with petrochemicals, equipment, and shopper items.
He confused that this synergy would current alternatives for cooperation in chemical compounds, machine instruments, auto components, and shopper items.
The TAITRA chairman added that by leveraging their complementary experience, each nations may foster financial progress, industrial growth and mutual prosperity.
Talking typically, he stated African international locations have been transferring very quick when it comes to new applied sciences from the web to smartphones software and all the way in which into the way forward for AI period.
Huang stated this was taking place as a result of individuals in Africa, particularly Nigerians, have been very good and that was why Taiwan foresaw quite a lot of its firms working with Nigerian companies.
“As one of the vital populous international locations in Africa with a number of funding alternatives, we plan to encourage extra Taiwanese firms to return to Nigeria to arrange their manufacturing industries right here.
“Up to now, we’ve got about 80 Taiwanese firms in Nigeria,” Huang stated.
Talking on challenges that would hinder collaboration between each international locations, he stated key areas of concern for potential traders included labor prices, land acquisition and dependable electrical energy provide.
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The TAITRA chairman, nonetheless, famous that by collaborative efforts with their Nigerian counterparts, they’d witnessed important strides in addressing the problems.
“The Nigerian authorities’s initiatives to boost the benefit of doing enterprise have yielded substantial enhancements over the previous few years,” he stated.
Additionally talking, Mr. Sola Obadimu, Director-Normal, Nigerian Affiliation of Chambers of Commerce, Business, Mines and Agriculture (NACCIMA), stated that Nigeria’s strategic place in Africa made it a significant companion for Taiwan.
He famous that Nigeria acknowledged the significance of nurturing the connection and capitalizing on the alternatives offered.
“It’s important for us to be proactive and seize these alternatives, as an alternative of risking being overshadowed by Taiwan’s potential partnerships with different African nations,” Obadimu stated.
Equally, the President, Lagos Chamber of Commerce and Business (LCCI), Mr. Gabriel Idahosa, stated, “Nigeria and Taiwan have a wealthy historical past of commerce and funding, marked by regular progress and growth.
“Taiwan has persistently offered Nigeria with high-quality, cutting-edge expertise, supplies and companies.
“Because the partnership evolves, we’ve got witnessed elevated collaboration in specialised areas the place Taiwan boasts distinctive experience, driving innovation and progress in key sectors.
“This deepening cooperation will proceed to foster financial growth, industrial development, and mutual prosperity for each nations,” Idahosa stated.
