China trade volume with Nigeria hits $8.94bn

-



China trade volume with Nigeria hits $8.94bn

The Consul General of China in Lagos, Chao Xiaoliang, has disclosed that China’s bilateral trade volume with Nigeria has reached $8.94 billion. This came even as he assured the nation of enhanced bilateral relations with his country as it enters a new era. Speaking during a press briefing at the Chinese Embassy in Lagos on the Chinese Communist Party 19th National Congress, Xiaoliang said: “Nigeria and China are common in terms of national conditions, and make the development strategy in parallel with highly complementary and potential for cooperation. “In 2017, China to Nigeria strategic partnership continues its comprehensive and deep development. Our economy and trade relations are progressing smoothly, and from January to August this year, the bilateral trade volume reached $8.94billion, ranked third among that of China with all African countries. Both the formal and informal communication is lifting our relations to a new level for the greater benefit of our nations. “We noticed that this March, Nigeria government released the Economic Recovery and Growth Plan (ERGP). In cooperating with China, Nigeria will harvest great benefits for its own economic development and people’s well-being, especially since the 19th National Congress. I believe there would be better future prospects for our two countries’ win-win development, and that is what we all expect—a New Era,” Xiaoliang said. He added: “China will push forward the implementation of the “Belt and Road” construction in Africa, and support Africa in implementing the Agenda 2063 and the 2030 Agenda for Sustainable Development. “To focus on the next five years, China will endeavour to import $10 trillion worth of goods and services, and foreign investment reaching $750 billion totally, outbound tourism with 700 million travellers.”

Comments

Post a Comment

Popular posts from this blog

Zimbabwe: Did Robert Mugabe finally go too far?

-
Image
Zimbabwe's military says its actions do not amount to a takeover. It still refers to Robert Mugabe as the commander-in-chief of the country's defence forces. But practically speaking, Mr Mugabe is not in charge if his forces can step in to usurp his authority. This is not a coup d'état in name, but it appears to be in action. The military takeover of the national broadcaster, the presence of troops on the streets and major access points, and even forced entry into the presidential palace are traits of a military takeover - at least as we have seen them in Africa. One thing that is lacking is that the constitution has not been suspended. The cementing of democracy across Africa has led to a general regional and continent-wide aversion to violent takeovers of government  Even in the past, coup-stagers often promised a quick handover to civilian government through elections or a negotiated transition. Image copyright AFP Image caption The military says it has not
Read more

11 shot dead in Plateau, as Police, Army launch manhunt for killers

-
Image
11 shot dead in Plateau, as Police, Army launch manhunt for killers No fewer than 11 persons were, Tuesday night, shot dead by gunmen along Rim in Riyom Local Government Area of Plateau State. The victims were said to be returning from a weekly village market at Makera by 7:30p.m., when they were shot dead, while four of the traders were injured. Survivors of the attack said the gunmen, in Army uniforms, attacked them while some passengers were alighting from a car at Diyan Junction. However, the spokesman of Operation Safe Haven, Captain Adam Umar, said the attackers only impersonated their personnel. Captain Umar said: “I express my sincere sympathy to the families of those who lost their lives in the unfortunate incident. Our personnel were alerted and they moved in immediately, but before they got there, the attackers had already killed some people and left others with injuries. “Criminals can go to any length to disguise themselves in the course of carrying out their cr
Read more

15 Cheapest Universities In Nigeria & Their School Fees

-
Image
15 Cheapest Universities In Nigeria & Their School Fees Some top public universities in Nigeria are still ranking higher than private universities and some have very reasonable tuition fees for the benefit of all. See list below:  1. Ahmadu Bello University (ABU) Ahmadu Bello University (ABU) is a federal government research university located in Zaria, Kaduna State. ABU was founded on October 4, 1962, as the University of Northern Nigeria. The university operates two campuses: Samaru (main) and Kongo in Zaria. There is also pre-degree School located in Funtua few kilometres away from main campus owned by the university. The Samaru campus houses the administrative offices, faculties of; sciences, social-sciences, arts and languages, education, environmental design, engineering, medical sciences. agricultural sciences and research facilities. The Kongo campus hosts the faculties of Law and Administration. The Faculty of Administration consists of Accounting, Bus
Read more