Economy

China-Nigeria consolidate Bi national relations

by Editor

February 18, 2016 | 12:15 am
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On January 29, the Embassy of China in Nigeria and the Ministry of Information and Culture of Nigeria held a Special Performance at the Nicon Luxury Hotel in Abuja, marking 45th anniversary of China-Nigeria diplomatic relations and happy Chinese New Year. Nearly 1000 people watched the performance presented by the Qinghai Troupe from China and FCT Art Troupe from Nigeria.

In his address, the Charge d’affaires Qin Jian of the Embassy of China in Nigeria said that the Chinese New Year, the year of monkey, which falls on February 8 this year, will be of great significance for the development of China-Nigeria relations.

This year marks 45th anniversary of China-Nigeria diplomatic relations. As China and Africa jointly implement the results of FOCAC Johannesburg Summit, new opportunities of development and prosperity have arisen for both China and Nigeria.

Looking to the future, we hope to further cooperate with Nigeria in the areas such as infrastructure, agriculture, power, mining, etc, as well as explore jointly constructing industry parks and free trades zones.

Ayotunde Adesugba, the Permanent Secretary of the Ministry of Information and Culture, pointed out that there have been exchanges, official visits and signing of MOUs between Nigeria and China since Februray 10th, 1971, when the formal diplomatic relations was established. In her speech, she also “assured the Government of the Peoples’ Republic of China of Nigeria’s warm felicitations for a country we truly call our friend.”

Nigeria is the second largest export market of China in Africa and Nigeria is also the third biggest trading partner and major investment destination in Africa.

The trade volumes between the two countries amounted to N18.1 billion, representing an increase of   33.2 percent over 2013, according to the China customs. The non-petroleum goods are about 88 percent of total.

China and Nigeria practical cooperative projects includes such outlays as the launch of satellite, construction of railroad and the fast development of Lekki and Ogun free trade zones, shows the second largest economy is assiduously to ensure that Nigeria bridges its infrastructure deficits.

“With the rapid development of China and Nigeria’s economy, I am firmly convinced that our two countries can benefit greatly from our economic and trade cooperation, realizing common development,” said Mr. Liu Kan, The Chinese embassy’s Consul General to the Federal Republic of Nigeria, in a recent interview with one of the Nigeria dailies.


by Editor

February 18, 2016 | 12:15 am
  |     |     |   Start Conversation

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