Nigeria And China Trade Volume Valued At $20bn in 2020

 Cui Jianchun The Chinese Ambassador to Nigeria stated that the trade relationship between nigeria and china generated $20 billion in revenue during the covid 19 pandemic in 2020.  He stated this In a news conference in Abuja on Tuesday to mark  one of the most important traditional holidays in China.

During the period China’s GDP also grew to $15.7tn from $10.5bn in 1952. Jianchun disclosed that Chinese firms and nationals had donated cash and materials valued at N3bn to Nigeria as COVID-19 support.

China a mega trade magnet has provided three batches of medical aid and also shared its experience on epidemic prevention and control with the Federal Government.

The envoy said the Chinese government planned to donate 500,000 doses of COVID-19 vaccines to Nigeria, noting that the first batch was under consideration.

He said, “China’s trade volume with Nigeria is growing. Last year, trade between the two countries grew to about $20bn and we expect this to continue to grow as the relations between us wax stronger.

“The local Chinese are rushing to help their Nigerian brothers and sisters. The total value of materials and funds donated by the local Chinese companies and nationals amounted to N3bn.”

The ambassador proposed a Nigeria-China GDP Strategy, arguing that the two countries needed to form ‘an orchestra to play a symphony within the Belt and Road Initiative’.