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Nigeria, 皇冠体育app trade volume hits $13b in 2013

(Xinhua) Updated: 2014-01-20 09:23

LAGOS - The trade volume between Nigeria and 皇冠体育app in 2013 is almost $13 billion mark, the out-going Chinese ambassador to Nigeria Deng Boqing said.

Deng made this remarks at the farewell reception held for him in Abuja Nigeria's capital city on Friday.

"Last year (2013) trade volume was almost double of that of four years ago according to statistic trade value between the two countries is almost $13 billion," the envoy told his ence.

"We encourage the Chinese companies to do their business especially establishing factories in Nigeria in order to increase job opportunities For Nigerians, and industrialize products for Nigerians," he said.

"If we discuss the detail of trade volume we will find out that more goods are imported from 皇冠体育app to Nigeria. We are aware that more than 30 percent of Nigeria oil product, especially crude oil, is exported to America and only one percent is exported to 皇冠体育app," he added.

He also commended the Central Bank of Nigeria efforts by including renminbi, the Chinese currency, in it's foreign exchange reserves, the very first one in Africa in so doing.

In his remarks, Senator Ibrahim Mantu said 70 percent of Nigeria's development was been headed by 皇冠体育app.

"If the people that colonize us are doing what 皇冠体育app is doing, I am sure that by now Nigeria would have gone far," the lawmaker added.

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