CEO of Magdavies Nigeria Limited David Ademola Adejuwon and President Eli Sung Signing the MoU

Vice President Sung presenting BiomiXin's facilities during the visit of CEO Adejuwon

        The purpose of this initiative for BiomiXin is to facilitate market access and expand opportunities for small and medium-sized companies seeking to enter foreign markets. In 2022, Nigeria was ranked as Africa's largest economy, and Taiwan was recognized as the 17th largest importer and exporter by the World Trade Organization. In 2021, both countries achieved a combined trade volume of $1 billion, demonstrating their mutual dependence and the potential for further growth. In this setting, our proactive approach offers a perspective to increase bilateral exports and imports. The Taipei Trade Office strives to strengthen our relations by cooperating across various sectors, including trade, technology, and infrastructure. By strategically collaborating with us, Nigeria and Taiwan can mutually benefit from advancements, offering competitive pricing and outstanding quality. This partnership will not only propel economic growth but also solidify Nigeria's position as a leading African economy, while fostering Taiwan's strategic interests in the region.

           This MoU represents a strategic alliance that will thrive to foster a comprehensive collaboration enclosing knowledge sharing, technical advancements, product support, and facility establishment across agriculture, livestock, and aquaculture sectors. Our feed solutions align with global shifts towards responsible production and sustainable feed supply , addressing the critical need for such practices in Asia and Africa. This partnership seeks to stimulate economic growth and innovation, enhance R&D, productivity, and competitiveness in the farming sector. These economic ties will eventually boost Foreign Direct Investment and cultural integration, in a Win-Win approach to business that we all yearn for.

              Beyond business relationships, this collaboration facilitates access to high-quality agricultural products and ensures stable food supplies. It aims to share technology and expertise in probiotic-based and sustainable agriculture can. BiomiXin nourishes the hope to impulse technology transfers and join forces to drive innovation with our Nigerian counterparts.

               In this alliance, we aspire to move beyond being a mere feed additive supplier, as both parties commit to advancing sustainable practices and fostering mutual growth across regions. This approach highlights the shared benefits of Nigeria and Taiwan working hands in hands and the potential for significant advancements in agricultural practices and product quality.

                This partnership offers extensive opportunities for our companies, but on a broader scale, extends benefits to both countries' populations and food supplies. --- Taiwan's need for new sources of raw materials and grains, especially in the aftermath of the tensions in Eastern Europe , and due to global warming challenges, aligns with the goals of our collaboration. --- This collaboration highlights cooperative efforts and mutual support between Nigeria and Taiwan, promising sustained growth and stability.

This MoU opens up countless perspectives for the future that we hope to explore with you.

Picture of Magdavies Nigeria Limited and BiomiXin's team after the ratification of the agreement

Visit our partner's website:

https://www.magdaviesfarm.com/

Sources:

Nigeria/Taiwan relations: What it is today, what the future holds

Nigeria, Taiwan Strengthen Economic Ties Through Strategic Collaboration

We want to understand Nigeria better and deepen trade with Taiwan- Ambassador