Nigeria-China bilateral trade reaches $12.03bn

The quantity of bilateral commerce between Nigeria and China has reached $12.03 billion.

The Chinese language Ambassador to Nigeria, Cui Jianchun, acknowledged this throughout the Nigeria-China Cultural week held at weekend in Abuja.

He stated Nigeria stays China’s primary buying and selling accomplice in Africa.

The envoy stated: “Our efforts are bringing extra advantages to the individuals of the 2 nations. Within the first half of 2022, our bilateral commerce quantity reached $12.03 billion, up by 7.1 per cent year-on-year.

“Commerce actually is essential not solely to enhance the standard of life, it is extremely essential for the nation’s financial system. Commerce is essential for growth.

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“So we’re encouraging extra enterprise in Nigeria to supply lots of commodities to export to Chinese language market and China are the primary shopper market.”

Chi predicted an even bigger financial growth in Nigeria with the Lekki Deep Seaport, Zungeru Hydroelectric Energy tasks, and Dangote refineries, amongst others, set to be commissioned in 2023.”

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