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Chinese investors eye Nigerian agriculture

According to China’s new Ambassador to Nigeria, Zhou Pingjian, the potential of mutually beneficial cooperation between China and Nigeria is enormous and Chinese firms want to invest more in Nigeria, be it in agriculture, manufacturing, infrastructural development or other fields. 

Pingjian reports that China is ready to share its advanced agricultural technologies and management expertise with Nigeria, in order to help the country achieve food self-sufficiency by re-invigorating the agriculture sector.

A CGCOC-invested agriculture and agribusiness park, with a Chinese Government-granted agriculture science and technology demonstration center will soon be built in the country.

The volume of China’s concessional financial support to Nigeria’s development is close to US$4 billion. China has become a major source for foreign direct investment in Nigeria. The friendship and cooperation between China and Nigeria have delivered tangible benefits to both peoples.

As President Xi Jinping said in his address at the Opening Ceremony of the FOCAC Summit last November, “China-Africa relations have today reached a stage of growth unmatched in history. We should scale the heights, look afar and take bold steps. Let us join hands, pool the vision and strengthen the 2.4 billion Chinese and Africans and open a new era of China-Africa win-win cooperation and common development.” 

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