China, Nigeria trade volume hit $13.5bn in 2013

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.”