China Africa Relation in Nigeria
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CHINA, 2016/11/04
The majority of Africans are in favor of Chinese development on the continent, according to a new statement titled “China’s Growing Presence in Africa Wins Largely Positive Popular Reviews” by the Afrobarometer Research Network. “Almost two-thirds or 63 % of Africans say China’s influence in the continent is “somewhat” or “very” positive, while only 15 % see it as somewhat or very negative,” the statement states.
Trade between Africa and China has increased from $10 billion in 2000 to $220 billion in 2014. In 2000, China established the Forum on China-Africa Co-operation to drive its strategic engagement with sub-Saharan Africa. Since again, the communist country has been the go-to world economic resource for African nations in need of products and services ranging from infrastructure and telecommunication development, to food outlets, retail shops, and textiles.
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CHINA, 2016/04/13
Nigeria is set to receive 6 billion US dollars worth of loans from China to fund infrastructure projects.
This announcement comes at the back of Nigeria’s president Muhammadu Buhari’s visit to the Asian country.
Led by Chinese President Xi Jinping, China is seeking to enhance strategic partnership cooperation with Africa’s biggest economy. The two heads of national held meetings in Beijing and highlighted the importance of working together in order to bolster bilateral ties.
