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Bilateral Trade Boom Nigeria's trade volume with China hits a record $16 billion

As the business relationship between Nigeria and China waxes stronger, the volume of trade recorded between both countries keeps increasing.

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Nigeria-China trade is improving play

Nigeria-China trade is improving

(Ventures Africa)

The volume of trade between Nigeria and China has now risen to a staggering $16 billion. This was revealed by Nigeria's Ambassador to China Patrick Onadipe at the 2015 bilateral seminar on economy, diplomacy and management of Nigeria held at the Academy for International Business Officials (AIBO) in Beijing.

Onadipe, who was ably represented by the Embassy's Senior Counsellor, commended both countries for maintaining strong, long-term bilateral relations.

Also speaking at the event, the Minister and Deputy Chairman, National Planning Commission (NPC), Dr. Abubakar Sulaiman, acknowledged Nigeria's need to learn from China in many areas, especially infrastructural development.

The minister, represented by his Special Assistant on Media, AbdulRahman AbdulRauf, also called on Chinese investors to capitalize on Nigeria's vast natural resources as a way to further strengthen the bilateral ties between the two countries.

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