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Trade between China and Nigeria reached $18b in 2010

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CurrenciesAccording to the Organization for Economic Corporation and Development (OECD), trade between China and Nigeria reached nearly $18 billion in 2010, almost ten times more than just a decade ago.

President Goodluck Jonathan together with African business leader and philanthropist Tony O. Elumelu will be part of a high powered delegation accompanying the Nigerian leader on a state visit to China from July 11 to 12, 2013.

The visit, which will include a meeting with China’s President Xi Jinping, will have Mr. Elumelu and other business leaders represent Nigeria’s business interests, thus emphasizing President Jonathan’s commitment to leveraging the private sector to drive both development and trade and investment links between China and Africa, a statement has said.

“Globally, there is powerful evidence that the private sector is critical in driving a country’s economic growth and China is recognizing that locally. We hope President Jonathan’s state visit will mark the start of a private sector-driven approach to China-Africa bilateral relations,” Mr. Elumelu noted.

By Dorcas Appiah

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