The trade relations between China and Nigeria hit $22.5 billion last year, the Chinese Ambassador to Nigeria, Yu Dunhai, has said.
The envoy said this as House of Representatives Speaker Tajudeen Abbas announced that the National Assembly would deploy the necessary legislative framework to support the implementation of China-Nigeria agreements.
Both countries recently signed 13 new agreements during President Bola Tinubu’s visit to China. Dunhai and Abbas spoke at the weekend during a reception for the celebration of the 75th anniversary of the Founding of the People’s Republic of China.
Dunhai said: “In 2023, bilateral trade between our two countries reached $22.5 billion. Our practical cooperation has achieved fruitful results in infrastructure, investment, trade, agriculture and green economy, covering projects for the aviation, on the land and in the sea.
“The projects have brought tangible benefits to both Chinese and Nigerian people, and provided concrete support for Nigeria’s social and economic development.”
The envoy stressed that “Nigeria remains China’s largest project contracting market, the second largest export market, third largest trading partner, and a major investment destination in Africa”.
