| Brief Introduction of Bilateral Relations |
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| 2004-12-02 03:25 |
February 10, 1971 witnessed the establishment of diplomatic relations between the People's Republic of China and the Federal Republic of Nigeria .Since then, the bilateral relations have developed steadily and rapidly.
China and Nigeria have signed a series of agreements on trade, economic and technical cooperation, as well as on promotion and protection of mutual investment and so on.
During 1999 to 2004, bilateral trade volume has increased remarkably from US$ 578 million to US$ 1.5 billion (till Sep. 2004). China's main exports to Nigeria are light-industrial, mechanical, and electrical products, and its imports from Nigeria are oil products, timber and agricultural products among others.
Up to now, more than 67 Chinese company invested into Nigeria in the area of telecommunication, civil engineering project, steel & power, motorcycle assembling and fishing etc, with an outstanding investment amount of US$ 88.6 million. Apart from the above, the coming cooperation in oil exploration and exploitation will attract around US$ 1 billion into Nigeria. There are still more investment projects under negotiation.
Regarding Civil Engineering Contract Project, more than 15 Chinese corporations are engaged in around 50 projects with a total amount of US$ 1.5 billion.
From 2002, Chinese government has provided RMB111.4 million gratuitous assistance to Nigeria including rural water supply project, anti-malaria drugs and other relief goods. Under TCDC training course, more than 200 Nigerian have been trained in China on several subjects. In accordance with the Agreement between FAO, Nigerian and Chinese Government, 391 Chinese agriculture experts are serving in Nigeria now.
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