China Reaffirms Commitment To Growing Nigeria’s Economy

Economic Diplomacy

 

The Belt and Road initiative is a strategy initiated by China that seeks to connect Asia with Africa and Europe via land and maritime networks, with the aim of improving regional integration, increasing trade and stimulating economic growth.

 

Nigeria and China have expressed the desire to expand trade and economic cooperation, as Nigeria wants increased participation in China’s Belt and Road Initiative.

The Belt and Road initiative is a strategy initiated by China that seeks to connect Asia with Africa and Europe via land and maritime networks, with the aim of improving regional integration, increasing trade and stimulating economic growth.

In a meeting with Nigeria’s Foreign Affairs Minister, Ambassador Yusuf Tugga, the Director-General of the Department of African Affairs, MFA, China, Mr Wu Peng and , China reaffirmed its commitment to Nigeria’s infrastructure development and economic growth.

China lauded its existing involvement in major Nigerian projects, emphasizing its recent loan to the railway project.