Over the last decade China has spent about
$100 billion on African projects and Nigeria is
leading in the number of these investments.
Nigeria has become important for China’s foreign
policy and trade, and both sides are continuously
creating mutually beneficial projrcts.
Trade between China and Nigeria was $13.6 billion
last year. This year Nigeria and China have signed a
deal to build a railway along the African country’s
coast. According to the China Railway Construction
Corp the $11.97 billion contract is China’s single
largest external contract project.
The seaside 22-stop railway, which will stretch for
1,402 kilometers, will link Nigeria’s economic
capital Lagos in the west with Calabar in the east.
The new railway project has become the
continuation of the $7,5bln project signed in 2006.
Signed in 2006 The project started in February
2011, and should be completed by the end of this
year.
Except transport sphere,Cnina also invests in
Energy sector ($9,2bln), Technology ($1,7bln) and
Real Estate ($3,5bln).



Source: www.naij.com