The trade volume between Nigeria and China has reached a record high of $20 billion in 2024, the Chinese Ambassador to Nigeria, Cui Jianchun, announced.
Thank you for reading this post, don't forget to subscribe!Naija247news gathered that Ambassador Cui made the announcement during a press briefing in Abuja, highlighting the strong and growing economic ties between the two nations.
According to Naija247news, he attributed the significant increase in trade volume to the concerted efforts of both governments to enhance bilateral cooperation in various sectors, including infrastructure, agriculture, and technology.
Naija247news understands that the ambassador emphasized the importance of the Belt and Road Initiative (BRI) in fostering economic growth and development in Nigeria. He noted that several key infrastructure projects, including the Lagos-Ibadan railway and the Abuja Light Rail, implemented under the BRI, have significantly improved connectivity and facilitated trade.
Naija247news reports that Ambassador Cui expressed optimism about the future of Nigeria-China relations, stating that both countries are committed to further strengthening their partnership for mutual benefit. He emphasized the need for continued collaboration in areas such as renewable energy, digital technology, and human capital development.
This significant milestone in trade relations underscores the growing economic importance of China in Nigeria’s development trajectory. It also highlights the potential for further economic growth and prosperity through continued collaboration and investment between the two nations.
