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Nigeria, China Trade Transaction Hits N38tr by Omooba77: 1:29pm On Feb 18, 2015
The Consul-General of the People’s Republic of China in Lagos, Mr Liu Kan, says the volume of trade between Nigeria and China in 2014 was about N38.01 trillion ($18.1 billion).

Liu told the News Agency of Nigeria on Wednesday in Lagos that there was relative increase in the exchange of goods and services in the year over the 2013 transactions.

Liu said, “Today, Nigeria is China’s third major export destination in Africa after South Africa and Angola, while China is Nigeria’s largest source of imports and third major trade partner.

“According to China Customs, the trade volume between China and Nigeria in 2014 rose to about $18.1bn which is an increase over our 2013 transaction

“We should say that our bilateral relations in 2014 rose to a new level that we all expected.”

The envoy said that Chinese companies had in 2014 invested in Nigeria’s construction, oil and gas, telecommunications, agriculture, real estate sectors and free trade zones

Liu, who expressed the Chinese government’s satisfaction with both countries’ present level of win-win cooperation, said both countries’ socio-economic relations would be brighter in the years ahead.

The consul-general also disclosed the Chinese government’s plan to simplify visas application processes for Nigerian businessmen and women this year.

“We know that every year thousands of Nigerian businessmen attend the Canton Fair in search of new business opportunities and partners.

“We are, therefore, going to be creating the right visas application processes for them to enable more Nigerians to do business with Chinese manufacturers and businessmen,” he said.

Liu also disclosed plans by more Chinese companies to come and invest in Nigeria.

He appealed to the Federal Government to create the right environment for more Chinese companies to come in and invest.

http://www.punchng.com/news/nigeria-china-trade-transaction-hits-n38tr/
Re: Nigeria, China Trade Transaction Hits N38tr by chukxie(m): 1:42pm On Feb 18, 2015
I think it's high time the Chinese government started making it easier for Nigerians to have the visas extended in China considering the volume of trade between both countries.
Re: Nigeria, China Trade Transaction Hits N38tr by Omooba77: 2:17pm On Feb 18, 2015
Reason USA dey beef Nigeria like no ma's business.....
Re: Nigeria, China Trade Transaction Hits N38tr by Pavore9: 2:22pm On Feb 18, 2015
Which country hates trading with Nigeria? They all know Nigerians love importing.
Re: Nigeria, China Trade Transaction Hits N38tr by DaGC(m): 2:54pm On Feb 18, 2015
Impressive shocked
Re: Nigeria, China Trade Transaction Hits N38tr by Omooba77: 4:59pm On Feb 18, 2015
Pavore9:
Which country hates trading with Nigeria? They all know Nigerians love importing.
Nigeria is an exporting nation,we dey export garri,poundo yam,black soap,egusi,clothes,ila,
Re: Nigeria, China Trade Transaction Hits N38tr by Pavore9: 5:13pm On Feb 18, 2015
Omooba77:

Nigeria is an exporting nation,we dey export garri,poundo yam,black soap,egusi,clothes,ila,
What is the volume in comparison to our imports?
Re: Nigeria, China Trade Transaction Hits N38tr by Omooba77: 6:20pm On Feb 18, 2015
Pavore9:
What is the volume in comparison to our imports?

If you go to Balogun you go see container.Most of the goods in USA are from Asia..

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