Trade between Nigeria and China stood at $9.5 billion in 2016, according to the Economic and Commercial Counsellor of the Chinese Embassy, Mr. Zhao Linxiang.
Linxiang gave the figure at a dinner for participants of different training courses in China on Friday night in Abuja, the News Agency of Nigeria (NAN) reports.
The envoy said though bilateral relations between both countries faced challenges, Nigeria remained China’s fourth largest trading partner in Africa.
He said, “In the first 11 months of last year (2016), our bilateral trade reached $9.5 billion. It is a great achievement under the current condition the Nigerian economy is.
““So far, China’s total investment in Nigeria reached $2.2 billion and Nigeria is China’s important destination in Africa.
“”Our investment cooperation is expanding.
“A large number of Chinese investors and enterprises are concentrated in Nigeria and cover various fields like oil and gas exploration, free trade zone project, steel processing, manufacturing, agriculture, broadcasting and pharmacy among others.”
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