China
is investing additional $40 billion in Nigerian economy, its Foreign
Affairs Minister, Mr Wang Yi, said on Wednesday at a bilateral meeting
with his Nigerian counterpart, Mr Geoffrey Onyeama, in Abuja.The Minister said China has already invested up to the tune of $45 billion in the Nigerian economy.
“Nigeria
and China are strategic partners; our relations have been developing
well. China has already invested or financed a total number of
$22billion projects here in Nigeria, another $23billion projects are
on-going.
“In addition, we are also following up another over
$40billion of investments which is in the pipeline. Compare with the
size, population and market of our two countries, our cooperation still
have large potential to be deepened,” he said.
The minister said
in order to achieve further development and prosperity of the two
countries, the nation need to strengthen its political, mutual trust and
deep complementary between developments.
According to him, there
was need to further expand practical cooperation and deepen strategic
partnership between the two countries, adding that his visit would be a
successful one and play a dual role in further strengthening the
strategic partnership between China and Nigeria.
However, Yi said the purpose of his visit to Nigeria was to implement the important
agreements and cooperation reached between the Chinese and Nigerian
presidents.
He said the visit was also to help work closely with
Nigeria to ensure that the outcome of the Forum for China Africa
Cooperation summit were well implemented here in Nigeria.
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