Nigeria and China trade relations hit U.S.$7.5 Billion

Nigeria-China Trade Relations Hit U.S.$7.5 Billion

By: | February 20th, 2011 | 0 Comment

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Consul General of the Peoples Republic of China in Nigeria, Mr. Guo Kun, has revealed that the Nigeria-China bilateral trade volume surpassed $7.5 billion mark in 2010.

Mr. Kun said in areas like contracted projects, free trade zone investment and cultural exchanges dynamic and exciting bilateral cooperation exists, just as he described the relationship between both countries as a win-win model.

“The ambitious state governments along with their Chinese counterparts are cooperating closely to bring about the success of the Chinese manufacturing to Nigeria,” he said.

Kun who was speaking at the 40th anniversary celebration of Nigeria-China relationship at diplomatic level said thousands of Nigerian entrepreneurs and tradesmen have found gold mines in China, especially in cities like Guangzhou and Yiwu.

“The 40th anniversary reminds us of not only our accomplishments but also our common potential, therefore, the Chinese Consulate General, Lagos, is and will be dedicated to further promote the bilateral relations. In my consular jurisdiction, Lekki Free Zone and Ogun-Guangdong Free Zone have attracted scores of Chinese as well as Nigerian investors.” he said.

Also speaking, the Managing Director and Chief Executive Officer, Capital Oil and Gas Industries Limited, Mr. Ifeanyi Patrick Ubah, predicted that the Chinese language would in the nearest future become the official language of the world.

Ubah who is also the Vice Chairman of the Nigerian-China Friendship Association (NICAF) organizers of the event, said he intends to expose Nigerian entrepreneurs to the Chinese market in order to boost relationship between both countries.

“China is one of the biggest trading partners of Nigeria. I intend to integrate a lot of youths and young business men in order to boost the relationship more. We have to start by beginning to learn the language which is going to be language of the future in order to enhance our relationship with China,” he said.
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He also called on the government to tap from the success story of China.

Earlier in his address, the Chairman NICAF and former Nigerian Ambassador to China, Chief Victor Chibundu said in 1994 when the association was founded there were few Nigerians in China but today the case is different.

“We blazed the trail for Nigerians to go to China. Today, if you go to the embassy you would see several people wanting to go there for business. This is because Nigerians have found China as a fertile ground to do business, unlike their experiences in America and other parts of Europe, China because of its orientation and economic capabilities produces things that are akin to what Nigerians wants,” he said.



Writte By: Charles Okoh
Date: 2011-02-12

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