China, Nigeria trade vol­ume hit $13.5bn in 2013

Daily Trust - - NEWS - By Romoke W. Ah­mad

The trade vol­ume be­tween China and Nigeria as at 2013 is put at $13.5bn, an in­crease from the $7.7bn recorded in 2010.

This was made known at the weekend in Abuja dur­ing a press brief­ing on the Per­spec­tives of the Strate­gic Part­ner Re­la­tions of China-Nigeria, pre­sented by the Di­rec­tor of In­sti­tute of Africa Stud­ies Zhe­jiang Nor­mal Univer­sity, Prof. Liu Hongwu.

“As at 2009, China’s in­vest­ment in Nigeria to­talled $7.24bn. China’s in­vest­ment in­volves in­fra­struc­ture, en­ergy, man­u­fac­tur­ing, agri­cul­ture, min­ing and other fields,” he said.

Hongwu added that Chi­nese in­vest­ments in Nigeria have al­ready cre­ated at least 30,000 jobs and that his govern­ment pro­vides more than 200 train­ing op­por­tu­ni­ties for Nige­ri­ans ev­ery year.

“As at Septem­ber 2008, 233 Nige­rian stu­dents had Chi­nese Govern­ment scholarships,” he said.

He said “Nigeria is not only the most im­por­tant oil pro­duc­tion and ex­port re­gion in Africa, but also a ma­jor en­ergy part­ner for China in the fu­ture.”

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