nigeria president in china with investment on agenda
Last Updated : GMT 10:00:09
Arab Today, arab today
Arab Today, arab today

Nigeria president in China with investment on agenda

Arab Today, arab today

Arab Today, arab today Nigeria president in China with investment on agenda

Beijing - AFP

Nigerian President Goodluck Jonathan met his Chinese counterpart Xi Jinping in Beijing on Wednesday on a visit focused on boosting trade between Asia\'s powerhouse economy and Africa\'s biggest oil producer. Jonathan was accompanied by 19 of his top government officials on the trip, as he attempts to tie up a series of deals on Chinese investment in major Nigerian infrastructure projects. \"(China) has a very robust economy and that is why when I was coming, I came with quite an amount of cabinet ministers and very senior government functionaries,\" he told Xi as the pair met at Beijing\'s ornate Great Hall of the People. Chinese companies are involved in a massive road-building project in Nigeria worth $1.7 billion. Talks between Jonathan and Xi are also expected to cover some $1.3 billion worth of Chinese loans and other funding for Nigerian infrastructure projects. Beijing is also showing increasing interest in Nigeria\'s oil industry, and is expected to increase its demand from the current 20,000 to 200,000 barrels per day by 2015. \"Both China and Nigeria are now working hard to accelerate our respective development,\" Xi said, at the welcome ceremony held indoors due to heavy rain in the Chinese capital. Following the meeting between Xi and Jonathan, five agreements were signed between the two countries, including a lending agreement between China\'s Import-Export Bank and the Nigerian Ministry of Finance for the expansion of four airport terminals. Agreements were also signed on visa regulations, legal issues involving the import and export of cultural properties, and economic and technical cooperation. China Development Bank and Nigeria\'s First Bank also signed a framework agreement in support of Nigerian economic development. China has invested heavily in African nations in recent years in its search for natural resources and markets for its goods. It has had mixed success in Nigeria, particularly concerning oil, where Western firms such as Shell and ExxonMobil continue to dominate. Oil accounts for some 80 percent of government revenue in Nigeria.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nigeria president in china with investment on agenda nigeria president in china with investment on agenda

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nigeria president in china with investment on agenda nigeria president in china with investment on agenda

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday