The Chinese Foreign Affairs Minister, Mr Wang Yi says his country is investing additional 40 billion dollars in Nigeria. Yi stated this at a bilateral meeting with his Nigerian counterpart, Mr Geoffrey Onyeama in Abuja. The minister said China had already invested up to the tune of 45 billion dollars in the Nigerian economy and was planning to invest more.
“Nigeria and China are strategic partners; our relations have been developing well; China has already invested or financed a total number of 22 billion-dollar projects here in Nigeria, another $23billion projects are on-going.
“In addition, we are also following up another over 40 billion dollars of investments, which is in the pipeline. Compare to the size, population and market of our two countries, our cooperation still have large potential to be deepened,” he said.
According to him, in order to achieve further development and prosperity of the two countries, we need to strengthen our political mutual trust, deep complementary between our developments.
Yi said that there was the need to further expand practical cooperation and deepen strategic partnership between the two countries. He expressed confidence that his visit would be a successful one as well as play a dual role in further strengthening the strategic partnership between China and Nigeria.