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Home Business News Politics

Nigeria-China Trade Hits $18bn

Editor by Editor
August 12, 2015
in Politics
Nigeria-China Trade Hits $18bn
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  • Trade relation between Nigeria and China was $18billion last year amidst an increasing business partnership, Ambassador Extraordinary and Plenipotentiary of China to Nigeria and ECOWAS Gu Xiaoje said on Tuesday in Abuja.
  • Xiaoje stated this in an interaction with journalists where he said 2015 marks the 10thanniversary of a strategic partnership entered into by both countries, which has seen a massive leap in socio-political and economic activities between them.
  • While stating that the 2014 trade figure was 30% above that of 2013, the ambassador said the partnership has enhanced political trust with high level mutual visits as well as partnership in infrastructure including in railways, highways, hydro power and airports’ terminals, amongst others.
  • The ambassador added that cultural relations has also blossomed between the two countries, with China setting up cultural centres offering Chinese language classes in Nigeria, explaining that Nigeria is the only African country that has set up a cultural centre in China.
  • He noted that China will continue to collaborate with Nigeria in its battle with insecurity and also enhance local manufacturing capacity as well as facilitate trade and business relations between Nigerian and Chinese individuals and organisations.
Tags: chinaNews ReviewNigeria
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