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Nigeria-China trade volume rises to $11.76bn in 2014

By BusinessNews Staff on October 3, 2014

The trade volume between Nigeria and China by the end of the third quarter of 2014 has risen to $11.76 billion, indicating a 39.4 percent increase.

This is as the bilateral relations between both countries continue to rise in various sectors especially trade, energy, agriculture, infrastructure, telecommunication, electric power, railway, aerospace, financing, science, technology and culture.

The Chinese Ambassador to Nigeria, Gu Xiaojie, made the statement at a reception to mark China’s 65th National Day in Abuja on Tuesday evening, where he added that the results of the cooperation between both countries were manifested in the growing local employment, upgraded infrastructure and improving livelihood for the people.

The envoy added that the people-to-people relationship in the last few years had also been on the rise.
“In the past two months and more, Nigeria was affected by the Ebola virus disease (EVD), the Chinese people shared the woes and stood together with the Nigerian people. We highly commend the strenuous efforts made by the government and people of Nigeria in the fight against the Ebola epidemic, and applaud the achievements you have made,” Xiaojie said.

He disclosed that the Chinese government in August provided medical supplies worth $4.9 million to three countries mostly affected by the EVD, alongside two teams of medical experts.
“China has also announced an additional aid package worth $32.5 million for Liberia, Sierra Leone, Guinea and other countries in the sub-region to combat EVD.”

“…Africa is a significant pole in world political arena latest pole in global economic growth, and a colourful pole in human civilisations. China cherishes the traditional friendship and sound cooperation with African countries and is committed to developing relations with Africa by adhering to the policy featuring “sincerity, real results, affinity and good faith,” Xiaojie said.

[This Day]

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