The Consul-General of the People’s Republic of China in Lagos, Liu Kan, says the volume of trade between Nigeria and China in 2014 was about N38.01 trillion ($18.1 billion).
Liu told the News Agency of Nigeria (NAN)
on Wednesday in Lagos 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.
According
to China Customs, the trade volume between China and Nigeria in 2014
rose to about 18.1 billion dollars 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
visas 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 visas 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 come and invest and do business in Nigeria.
He appealed to the Federal Government to create the right environment for more Chinese companies to come in and invest.
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