In recognition of enormous benefits of the growing bilateral trade and strategic cooperation between the Chinese government and Nigeria, University of Lagos and Chinese Investors Association for Development and Promotion entered into a memorandum of understanding facilitated by the Confucius Institute of University of Lagos- a Chinese Language Institute to establish the University of Lagos Institute of Nigeria-China Development Studies, (UNILAG- INCDS) on Tuesday, 6th November 2018.
This was to harness the potentials of these ties, and further promote and strengthen this relationship
INCDS is envisioned to be a world class comprehensive resource epicenter for Chinese and Nigerian investors and others from both countries desiring to initiate and execute businesses of common interest. The Institute is to identify and put together the fragments of the Nigeria-China relationship, especially in commercial, technical and intellectual activities. Also, to properly harness the immense potential of Nigeria-China relationship in other areas such as general policies and diplomacy, arts, crafts, culture and tourism and more.
It is also to provide the avenue to access the benefits of Nigeria-China relationship more fairly and effectively for both parties. And to help equip investors and businessmen from both countries to deal with the potential drawbacks of greater economic integration of the two countries.