TVC E, BUSINESS – The sum of $60bn will be invested in Nigeria in 2016, courtesy of the Peoples’ Republic of China.
Speaking during the 45th anniversary of China’s diplomatic activities in Nigeria, Chargé d’Affaires of the Chinese Embassy in Nigeria, Qin Jian, described economic cooperation between both countries as fruitful.
Qin said China was willing to integrate its development with independent and sustainable development of Nigeria and other African countries, so as achieve common development.
He noted that at the “successful and historic” second edition of the Forum on China-Africa Cooperation Summit held in Johannesburg, South Africa, Chinese President Xi Jinping proposed five major pillars for China-Africa relations.
Qin 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.
