The Federal Government, yesterday said that the trade volume between Nigeria and China rose to $22 billion in 2023.
Director General and Global Liaison Officer of the Nigeria -China Strategic Partnership, Joseph Tegbe, stated this at the China, Africa Economic Trade Expo, in Abuja.
Tegbe explained that the figure fell below the trade volume between China and Brazil that rose to $105 billion in the same year.
He announced that already 30 Nigerians have been sent to China to learn the governance and economic structures which would be replicated in Nigeria.
According to him, bothcountries continue to deepen bilateral trade to harness the economic potential between Nigeria and China.
He said: “One of our cardinal objectives is to increase trade volume between Nigeria and China. As at December 2023, trade volume between both countries was about $22 billion. The import from China accounted for $20 billion.
“But on the other hand, we look at Brazil and China’s relationship. During the same period, Brazil’s export to China in 2023 was $105 billion, while China’s export to Brazil was $59 billion.”
