China Pledges $60 Billion Investment in Nigeria

Chargé d’Affaires of the Chinese Embassy in Nigeria, Mr. Qin Jian, disclosed that economic cooperation between both countries is fruitful, and that China was willing to integrate its development with independent and sustainable development of Nigeria and other African countries, so as to achieve common development.

According to him, China and Africa should seek equality and mutual trust in politics, cooperation in economy, mutual learning in civilisation, mutual assistance in security and unity and coordination in international affairs.

Jian said, “(China’s) 10 key cooperation plans with Africa in the fields of industrialisation, agriculture modernisation, infrastructure, etc. will serve as an all-around blueprint for China’s cooperation with Africa in a period to come and symbolise that China-Africa relations will take a big stride and enter a new era.

“To fulfil the 10 plans, China has pledged 60 billion US dollars in development funding to Africa. When carrying out cooperation with Africa, China sticks to the principle of ‘Four noes and three priorities.’

“These include attaching no political conditions, interfering in no African country’s internal affairs, raising no demanding requirements and making no empty promises.”

Among the listed priorities of the Asian nation were Africa’s demands, improvement of African people’s livelihood and enhancement of Africa’s capacity for independent development.

1 COMMENT

Leave a Reply