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Buhari encourages more Chinese investments into Nigerian economy

by Olamiposi Oluwaseyi
September 7, 2019
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Buhari encourages more Chinese investments into Nigerian economy
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President Muhammadu Buhari has encouraged more Chinese companies to invest in Africa’s largest economy.
The President made the call when the Chinese President Xi Jinping’s special envoy met him on mutual exchange and bilateral cooperation in Abuja.

A statement by the Embassy of the People’s Republic of China disclosed that Xi’s envoy was Mr Yang Jiechi.

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Buhari, who commended China for its strong support for the economic and social development of Nigeria stressed the needs for more Chinese investments in the country.
He, however, assured China that Nigeria would work with them to implement the outcomes of the Beijing Summit of the Forum on China-Africa Cooperation, and take the Nigeria-China strategic partnership to a new level.
On his part, Yang said that his meeting was for both countries to further increase high-level exchanges and strengthen bilateral cooperation in international and regional affairs.

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He said: “With the personal support and guidance from President Xi Jinping and President Muhammadu Buhari, China and Nigeria have enhanced political trust and our relationship has enjoyed fast development.

“China and Nigeria are the most populous and largest economies in Asia and Africa respectively. We are both big developing countries with important influence, with a bright future for development.

“China and Nigeria should further increase high-level exchanges, strengthen bilaterally cooperation in international and regional affairs, and support each other on issues concerning each other’s core interests and major concerns.

“The practical cooperation in various fields between China and Nigeria has achieved positive progress, and benefited the people of the two countries.

“The Chinese side encourages more Chinese companies to invest in Nigeria.

“We should continue to work hand in hand to develop the Belt and Road Initiative, implement the outcomes of the Beijing Summit of the FOCAC and constantly enrich the China-Nigeria Strategic Partnership.”

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Tags: AbujaChina-Africa CooperationChinese companiesinvestmentNigeriaNigerian economyPresident Muhammadu BuhariPresident Xi Jinping

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