Nigeria-China bilateral trade hits $12 billion
Chinese ambassador to Nigeria Cui Jianchun says the China-Nigeria trade volume rose 7.1 per cent in the past year hitting $12 billion.
Mr Cui disclosed this in Abuja during the Nigeria-China Cultural week, one of the activities lined up to commemorate Nigeria and China’s independence anniversary.
According to him, Nigeria remains China’s number one trading partner in Africa.
The Chinese ambassador hoped for a bigger economic boom in Nigeria with ongoing projects like the Lekki deep sea port, Zungeru Hydroelectric Power projects, and Dangote refineries, amongst others.
“Our efforts are bringing more benefits to the two peoples. In the first half of 2022, our bilateral trade volume reached $12.03 billion, up by 7.1 per cent year-on-year. Trade really is important not only to improve the quality of life,” noted Mr Cui.
The Chinese ambassador added, “It is very important for the country’s economy. Trade is very important for development. So we are encouraging more businesses in Nigeria to produce a lot of commodities to export to the Chinese market, and China is the number one consumer market.”
(NAN)
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