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Sunday, 7 February 2016
China to invest $60bn in Nigeria
The People’s Republic of China has said it will invest $60bn in Nigeria.
Chargé d’Affaires of the Chinese Embassy in Nigeria, Mr. Qin Jian, who said this in a statement commemorating the 45th anniversary of its diplomatic activities in Nigeria, described economic cooperation between both countries as fruitful.
Qin said China was willing to integrate its development with independent and sustainable development of Nigeria and other African countries, so as achieve common development.
He noted that at the “successful and historic” second edition of the Forum on China-Africa Cooperation Summit held in Johannesburg, South Africa, Chinese President Xi Jinping proposed five major pillars for China-Africa relations.
According to the Chinese envoy, China and Africa should seek equality and mutual trust in politics, cooperation in economy, mutual learning in civilisation, mutual assistance in security and unity and coordination in international affairs.