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GAC Motor Backs First Nigeria Governors Investment Forum in China

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In a bid to foster transnational investments between Nigeria and China, the first edition of the Nigeria Governors’ Investment Forum was held in Guangzhou, China.

Governors from nine states in Nigeria, which include Alhaji Abdul’aziz Abubakar Yari of Zamfara State; Chief Okezie Ikpeazu of Abia State and Chief Dr Samuel Ortom of Benue State.

Other dignitaries are Mr. Oloko Shakirudeen Adewale, Consul-General of the Nigerian Consulate-General in Guangzhou, Mr. CaiChaolin, Vice Mayor of Guangzhou, Mr. Zeng Qinghong, President of GAC Group, and Mr. Yu Jun, General Manager of GAC Motor, other officials and representatives of the business community were present at the China-Nigeria cooperation, trade and development forum.

Participants from the two countries conducted in-depth discussions and case sharing on the theme of the forum “sustainable cities and livelihood”. GAC Motor GA8 and GS8, which were designated as the official vehicles for the forum, greatly impressed the delegates with their luxurious and comfortable ride experience, original design, exquisite craftsmanship and state-of-the-art technologies.

Speaking at the forum, Mr. Cai Chaolin, vice mayor of Guangzhou, stated that Nigeria as the largest economy in Africaand Guangdong are highly complementary to each other in areas such as manufacturing, agriculture, cultural exchanges and infrastructure development being situated along the “Belt and Road” and there is vast potential for cooperation between the two countries.

“The Guangzhou Municipal Government has always attached great importance to all-round cooperation with Nigeria. We believe this forum will be a great opportunity for China and Nigeria to further their long-standing friendship, and construct a new bridge for investment activities between the two nations”.

“With the GAC Group as a leading investment enterprise, we are speeding up the development of our overseas marketing and service system, and taking internationalization as a key development strategy. He hopes that in the future, more and more high-quality Chinese enterprises such as GAC Group will bring better products and services to Nigeria, so as to further strengthen bilateral exchanges and cooperation”.

Also Speaking during the forum, Mr. Zeng Qinghong, president of GAC Group, delivered a speech titled “GAC’s global planning with sustainable development as the basis and the ‘Belt and Road’ Initiative as the driver” introducing to the forum participants the achievements and main business sectors of GAC Group, while emphasizing GAC’s sincere willingness to offer high-quality products and services to Nigerian consumers.

“GAC Group’s private brand GAC Motor has developed stable sales channels in Nigeria and achieved outstanding sales records. GAC Motor’s entry into the local market has brought consumers greater ride experience and higher quality of life. With automobiles as a bridge, GAC Motor has not only benefitted Nigeria with high-quality products and services, but has also brought management expertise and technologies there, thus increasing employment and enabling resource integration, technological innovation and sustainable development,” he said.

More than 380,000 GAC Motor vehicles were sold last year, registering an increase of 96%. With a compound annual growth rate of 85% for 6 consecutive years, it has achieved leapfrog development. In the first quarter of this year, the accumulated sales volume of GAC Motor vehicles exceeded 121,000, up by 68.4% year on year, making the brand a leading light among its peers in terms of growth speed and profit generation. Among them, the sales volume of the champion model GS4 was up by 35.5%, firmly keeping the runner-up title in the domestic SUV market. It was also the first brand that surpassed the sales threshold of 500,000 units among SUVs in the price range of RMB 100,000. The advanced higher-end GS8 was highly sought-after, always in short supply.

Over 10,000 GS8 SUVs were sold alone in March, making a significant breakthrough of a monthly sales volume of over 10,000 vehicles only after half a year of its launch in the market. It was the best sales record among Chinese SUV brands in similar price range, and broke the price ceiling on Chinese brand vehicles, making the model a leader of high-end vehicles with increasing sales volumes.

At the forum, the Chinese officials and governors from Nigeria studied carefully GA8 and GS8 showcased at the venue.

GS8, with its original design of a tough exterior and soft interior, luxurious and cozy inner facilities and rich high-tech equipment, was a particular eye-catcher. Nigerian delegates all expressed their hope to see the introduction of GS8 and more new-energy vehicles to Nigeria. Besides, they also wish to see more GAC Motor investment in Nigeria to drive current cooperation further. 

GAC Motor will continue to provide consumers with more desirable products and services, spare no efforts in building GAC Motor into the leading auto brand in China, and endeavor to be a world-class brand with the strongest brand value and influence deeply cherished by consumers.

With its high quality and product strength, GAC Motor has made initial breakthroughs in the overseas markets, with Nigeria being a leading one.

At the same time, GAC Motor is actively planning its global strategic layout. Current, preparation for the GAC North America R&D Center is progressing. GAC Motor plans to enter into the North American market no later than 2019.

 


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TETFund Seeks Increased Annual Research Funding of $1bn

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The Tertiary Education Trust Fund, TETFund, Thursday, urged the federal to increase its yearly funding for Research and Development (R&D) to $1 billion. This was as it hailed President Muhammadu Buhari for his recent increase of the research grant from N5 billion to N7.5 billion.

Prof. Suleiman Bogoro, executive secretary of TETFund, speaking at the inauguration of TETFund’s R&D Standing Committee in Abuja, said massive investment in research would bring about the much-needed development in the country.

Bogoro also said it was time for the promulgation of a law that will bring into full place what he referred to as the “National R&D Foundation (NRDF)” to deepen research in the country.

Hear him:”To galvanize our vision towards making R&D the ace and game changer in our national development agenda, the need for an appropriate law to support the establishment of a National R&D Foundation (NRDF) cannot be overstated.

“We need a robust institutional framework and arrangement for the NRDF. I am recommending a minimum annual budgetary threshold of 1billion dollars as the funding portfolio for this Foundation.

“When we consider the inevitable benefits of R&D and the inevitable benefits of R&D and the socio-economic challenges in Nigeria, this amount begins to look like a drop of water in the ocean-population of 200 million people in 2020 and projected to become double in 10 years for now.”

Prof. Bogoro, who said the TETFund’s R&D Standing Committee is expected to come up with its own recommendation on the required amount that is suitable for efficient research activities in the country, called for a robust collaboration between researchers and the private sector to bring about all-round development in the country.

“It is envisaged that the private sector of the economy should pick the gauntlet to steamroll the lofty initiative by taking ownership of it,” he said.

Prof. Bogoro lauded the recent performance of Nigerian universities in the world’s ranking, saying TETFund intervention projects have continued to encourage such feats.

On his side, Minister of Education, Malam Adamu Adamu, while inaugurating the committee, called on members to put their best to the work he described as ‘national assignment.’

Represented by the Minister of State for Education, Hon. Chukuemeka Nwajuiba, Adamu said that continued investment in research would herald a rebirth of Nigeria.

“Nigeria voted us into power predicated on our being able to transform our national aspirations and make them a national achievement.

“It is in recognition of this direction that the Executive Secretary, TETFund, presented his vision of a research-driven nation and how to finance that ambition through the Board of Trustees (BOT).

“To a large extent, Nigeria’s future depends on you. You have been summoned to a national service that is not available to the rest of the 200 million population. It is a national calling that requires almost all of you,” he said.

On his part, the Chairman, House Committee on Tertiary Education and Services, Hon. Aminu Suleiman said the work of the committee would open the windows of opportunities to tackle various developmental challenges confronting the country.

Suleiman, represented by Hon. Ikenna Elezieanya, lamented the way Nigeria has shown less concern to research, saying that many developed countries invested in research and development and thus helped to improve on their economy.

He said, “Research is the gateway of innovation. It is said that while countries like the USA, Korea, and the like have been investing in research and development, we seem to show less concern.”

He encouraged beneficiaries to take good advantage of the initiative to solve problems for the betterment of the country.

Responding, the Chairman of the over 160-member TETFund’s R & D Committee, Prof. Njidda M. Gadzama, said the epoch-making event will transform the socio-economic sector by ensuring the robust promotion of cutting-edge innovations.

“We promise to carry out our assignment with commitment and diligence and this will result in the R & D Culture and R&D Foundation to drive industrialization of the country,” he said.

The standing committee whose membership is drawn from the academic, industry, and private sector, has the President of the Manufacturers Association of Nigeria, MAN, Mansur Ahmed, as one of the three Vice Presidents.


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UNWTO, Google Host First Tourism Acceleration Program in Sub-Saharan Africa

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The COVID-19 crisis has disproportionately affected tourism, a sector that accounts for millions of jobs around the globe.

 

While no one can say with certainty when the sector will recover, people are starting to dream of getaways again – whether closer to home or to remote destinations.

 

As more and more people go online to search where and when they can travel, accelerating the digitisation of the tourism sector will be key to helping it adapt and recover.

 

This is why the United Nations World Tourism Organisation (UNWTO) and Google have partnered to create and host an online Acceleration Program for UNWTO Member States’ tourism ministers, top travel associations and tourism boards to further develop innovation and digital transformation skills.

 

Today, ahead of World Tourism Day, the organisations hosted the first UNWTO & Google Tourism Acceleration Program focused on insights from Nigeria, Kenya and South Africa.

 

Tourism is the backbone of many economies around the world. As data from UNWTO shows, tourism represents 9% of global trade for Africa and 1 in 10 jobs directly and indirectly. Moreover, the sector drives inclusive growth, as women make up 54% of the workforce.

 

Natalia Bayona, UNWTO director of Innovation, Digital Transformation and Investments, said “UNWTO is committed to helping Africa grow back stronger,”

 

“With the right policies, training and management in place, innovation and technology have the potential to foster new and better jobs and business opportunities for tourism in Africa while improving the overall wellbeing and prosperity of the region”.

 

Africa is home to 30% of the world’s population, adding hundreds of millions of new online users every year.

 

Google Search is one of the places Africans go when researching and booking travel.

 

Doron Avni, Google’s Director of Government Affairs and Public Policy for Emerging Markets, said “We’re here to help the tourism sector recover from this unprecedented crisis and emerge stronger.

 

“Our travel data insights and tools can help tourism authorities identify and understand the barriers and drivers to visit travel destinations for better tourism planning.”

 

Below are some of the Nigeria travel data insights shared with participants in today’s session:

Nigeria

Since Nigeria announced its intention to reopen its borders to international travel on August 29th, search interest for travel has grown.

This slowdown presents an opportunity to rethink tourism, innovate and further develop the digital transformation of the sector so it can build the foundations for future sustainable growth.

 


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MultiChoice in collaboration with Celestial Tiger Entertainment Launches KIX on DStv

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Celestial Tiger Entertainment (CTE), the operator of the largest bouquet of pan-Asian channels dedicated to Asian entertainment, and MultiChoice Group, Africa’s leading entertainment company, has launched action movie channel KIX, on DStv.

KIX will launch on Premium, Compact Plus and Compact packages in Nigeria from 1st October 2020 at 6:00 pm WAT.

The launch of KIX marks CTE’s first foray into Africa.

Ofanny Choi, president of Celestial Tiger Entertainment, said, “We are very excited to be launching KIX on DStv in Africa with MultiChoice.

“Asian action entertainment has always resonated well with the audience worldwide, and we are proud to work with MultiChoice to bring this popular genre to viewers in Africa.

“With KIX’s proven success in Asia, we are confident we can deliver the best of action movies to our African audience.”

John Ugbe, Chief Executive Officer, MultiChoice Nigeria, said, “We at MultiChoice are delighted to announce the launch of this brand-new channel KIX, a channel that will expand our viewers content slate, giving them more variety and entertainment.

“Our customers are at the heart of everything we do and new collaborations such as this, help us expand their viewing experience”.

Action fans can enjoy a high-octane blend of martial arts, action and thriller movies from the East and West on KIX, all presented in English.

Apart from the latest star-studded blockbuster premieres, KIX will also showcase never-seen-before movies from the various action genres, including kung fu classics from the legendary Shaw Brothers library, action comedies, adventure and fantasy action franchises, and action thrillers.

While fans of Asian action movies will see the legendary Jackie Chan, Jet Li, Donnie Yen and Bruce Lee in action, KIX also aims to present and delight viewers with movies featuring all other Asian action stars.

With all genres of action movies spanning from the 1960s to the present day, KIX is a one-stop-shop for all action movies entertainment throughout the years, with something for everyone. Viewers can now watch KIX and its catch-up programming anytime, anywhere, on DStv and DStv App!

 

 


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