China has said it would need more crude oil exports from
Nigeria, in spite of the recent changes in prices.
Zao LingXiang, Economic and Commercial Counsellor of the
Chinese Embassy in Nigeria, said this in an interview with
the News Agency of Nigeria in Abuja.

The total amount of export to China was only about one million barrels in 2015, which was just 1.3 percent of Nigerian annual oil export.
“In my opinion, it really doesn’t matter whether Iran comes back or not; Chinese companies want to import more crude oil from Nigeria,” he said.

He said current trade volume between both countries
stood at $14.94 billion in 2014, making Nigeria third largest
trade partner of China in Africa.
The economic counsellor added that Nigeria’s trade figure
was 8.3 per cent of China’s total trade volume with Africa
and 42 per cent of the total trade volume between China
and Africa.
He said that China also sought to explore other areas of
cooperation with Nigeria which he noted would be of
benefit to both parties.
“China is the largest developing country in the world and
Nigeria is the largest developing country in Africa and both
countries have complementary advantages in natural and
human resources, funds and markets.
“Right now, the Nigerian government is trying to diversify
its economy which is fully in line with the 10 China-Africa
cooperation plans announced at the summit on China-
Africa trade in Johannesburg in 2015.
“There are great potential for cooperation between China
and Nigeria in the fields of industrialisation, agricultural
modernisation, infrastructure construction, financial
services, trade and investment facilitation, among others.”
He, however, added that both countries had made
“remarkable achievements” in the areas of infrastructure
cooperation.
He said that the coming visit of President Muhammad
Buhari to China in April would facilitate the implementation
of agreements reached at the 2015 China-African summit in
Johannesburg.
The economic counsellor further added that the president’s
visit would also deepen cooperation between both
countries.
Mr. LinXiang explained that the total investment volume
between China and Africa exceeded $100 billion in 2015 in
spite of the decline in imports from Africa.
He also assured that Africa remained China’s largest trade
partner despite recent changes in that country’s economy.
“The amount in import from Africa to China declined but
did not decline remarkably.
“Moreover, the economic and trade cooperation between
China and Africa is not only about trade but technical
cooperation as well.
“China’s total investment volume in Africa last year
increased by 100 times more in a short span of 10 years,
which shows that cooperation between both parties is
moving to a new level,” he said.

www.vanguardngr.com/2016/03/china-wants-more-of-nigerias-oil/

Can you see why Buhari keeps traveling from one country to another? Why can't we just try to sit and watch how things unfold??..

TO THE OPPOSITION a.k.a Wailers and IPOB

You people should try to support this government by staying quiet and let them work. You can start painting this government black when election period is near. I want you to know that the success of BUhari's government will be a benefit to everyone.

And also, buhari may be the last of his type to ever rule Nigeria. Please am Begging you people. Let's drop our Online Sword now. We can pick it up when the election is near. Please consider our unborn generation who will continue to suffer if this government fail. THANKS

This is bad news for the wailers.

Wait let the price increase wella...

Good News....But Has buhari been to China?

and get it they shall

How this good news wan take make nigeria beta wen we get bad people managing d country

China want more of our oil and we want more of made in Nigeria products.

Give China the oil and let's improve our Trade with China.

Y