The Abia State former Governor, Dr Orji Kalu, has advised industrialists to shift focus from depending solely on other currencies and take advantage of Nigeria-China currency swap deal to commence intensive production and processing of food for export.

Kalu, who is a chieftain of the All Progressive Congress (APC), stated that the Nigeria-China currency swap deal had provided the country with an option of fourth international currency to transact business with the second largest economy in the world.

Justifying his advised on Tuesday in Abuja, the former governor said that the deal could only be meaningful if industrialists in the country adopt the 1940s China model of mass production and processing of food for export.

He explained that the deal was a tremendous break-through by President Muhammadu Buhari administration and the move would bring ease to trade between the two countries.

http://www.theguildng.com/kalu-advises-industrialists-on-nigeria-china-currency-swap-deal/