The consul-general of the People’s Republic of China, Liu Kan, has said
that the volume of trade between Nigeria and China in 2014 was about
N38.01 trillion ($18.1 billion).
Liu said that there was relative increase in the exchange of goods and services in the year over the 2013 transactions.
“Today, Nigeria is China’s third major export destination in Africa after South Africa and Angola while China is Nigeria’s largest source of imports and third major trade partner,” Liu said.
Liu said that there was relative increase in the exchange of goods and services in the year over the 2013 transactions.
“Today, Nigeria is China’s third major export destination in Africa after South Africa and Angola while China is Nigeria’s largest source of imports and third major trade partner,” Liu said.
According to China customs, “The trade volume between China and Nigeria in 2014 rose to about $18.1 billion which is an increase over our 2013 transaction. We should say that our bilateral relations in 2014 rose to a new level that we all expected,’’ he said.
The envoy said that Chinese companies
had in 2014 invested in Nigeria’s construction, manufacture, oil and
gas, telecommunications, agriculture, real estate sectors and free trade
zones. Liu, who expressed the Chinese government’s satisfaction with
both countries’ present level of win-win cooperation, said that both
countries’ socio-economic relations would be brighter in the years ahead.
The consul-general also disclosed the Chinese government’s plan to
simplify visa application processes for Nigerian businessmen and women
this year.
“We know that every year thousands of Nigerian businessmen attend the Canton Fair in search of new business opportunities and partners. We are, therefore, going to be creating the right visa application processes for them to enable more Nigerians to do business with Chinese manufacturers and businessmen,” he said.
Liu also disclosed plans by more Chinese companies to invest and do business in Nigeria and appealed to the federal government to create the right environment for more Chinese companies to come in and invest.
“We know that every year thousands of Nigerian businessmen attend the Canton Fair in search of new business opportunities and partners. We are, therefore, going to be creating the right visa application processes for them to enable more Nigerians to do business with Chinese manufacturers and businessmen,” he said.
Liu also disclosed plans by more Chinese companies to invest and do business in Nigeria and appealed to the federal government to create the right environment for more Chinese companies to come in and invest.
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