Nigeria, China to raise bilateral trade

Nigeria and China are hoping to increase volume of bilateral trade as they intensify areas of cooperation between the two nations.

This was the highpoint of the first edition of the Nigeria Governors’ Investment Forum held some days ago in Guangzhou, China, which they said was meant to foster transnational investments between Nigeria and China.

Participants from the two countries conducted in-depth discussions and case sharing on the theme of the forum ‘Sustainable cities and livelihood’, according to a statement by the organisers.

The statement quoted the Vice Mayor of Guangzhou, Mr. CaiChaolin, as saying that Nigeria, as the largest economy in Africa, and Guangdong were highly complementary to each other in areas such as manufacturing, agriculture, cultural exchanges and infrastructure development.

He said, “The Guangzhou Municipal Government has always attached great importance to all-round cooperation with Nigeria. We believe this forum will be a great opportunity for China and Nigeria to further their long-standing friendship and construct a new bridge for investment between the two nations.

“With the GAC Group as a leading investment enterprise, we are speeding up the development of our overseas marketing and service system, and taking internationalisation as a key development strategy. Our hope is that in the future, more high quality Chinese enterprises such as GAC Group will bring better products and services to Nigeria, so as to further strengthen bilateral exchanges and cooperation.”