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Nigeria Agrees With China To Embrace Common GDP Economic Strategy

Rate Captain by Rate Captain
September 29, 2021
in Business
Reading Time: 2 mins read
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Nigeria and the Republic of China have expressed readiness to achieve common Gross Domestic Product GDP strategy in the next 50 years of diplomatic relations.

This comes when the two countries have already recorded 50 years of successful cooperation and friendships in various fields.

The Chinese Ambassador to Nigeria Mr Cui Jianchun made this known at the National day celebration China- Nigeria Cultural week award ceremony held in Abuja, Nigeria.

Mr. Cui noted that, “as we are embarking on a new journey for the next 50 years I have put the 5 goals Nigeria-China GDP strategy aiming for brighter future” which are “political consonance, economic cooperation, military and security collaboration, international coordination and people’s communication.”

The Chinese Ambassador explained that, “in the half of this year, the trade volume between China and Nigeria reached 11.2 billion US dollars, with a year-on-year growth rate of 44.5%.”

While identifying Nigeria as China’s major investment destination in Africa, Mr. Cui said, “the export from Nigeria to China reached 1.23 billion US dollars, with a growth of 23.6%.”

According to the Chinese Ambassador, “as October 1st is fast approaching, our joy is shared and happiness doubled being it as the Independence day of the two countries.”

In a remark, the Permanent Secretary Nigeria’s Ministry of Information and Culture Mrs. Ifeoma Adaora, represented by Director Cultural relations Mrs. Memuna Idu-Lah described the cultural week as an opportunity for the two countries to showcase cultural relationship and exchange; pointing out that, Nigeria is ready for better partnerships.

Also Speaking the Director General National Council for Art and Culture Mr Segun Runsewe announced that, “Nigeria will build the biggest Cultural village in Beijing in the next Olympic games” to be hosted by China.

He appealed for youth entrepreneurship exchange between Nigeria and China for better industrialisation.

 

 

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