Lawan seeks balanced trade between China and Nigeria

 Lawan seeks balanced trade between China and Nigeria

Senate President Ahmad Lawan said the trade imbalance between Nigeria and China needed to be addressed. Speaking during a visit by the Chinese Ambassador to Nigeria, Mr.Zhou Pingjian, in Abuja yesterday, Lawan said it was when the trade imbalance between the two countries was tackled that there would be mutual benefits. ADVERTISEMENT A statement by Lawan’s media aide, Mohammed Isa, said the Senate president also urged the Chinese government to support the efforts of President Muhammadu Buhari to diversify Nigeria’s economy.

“Although Nigeria and China have a long history of relationship which has always been cordial and beneficial to the two countries, it is, however, worrisome that the relationship as it relates to trade is skewed. ADVERTISEMENT “While Nigerian export to China stands at only US $1.6 billion, Chinese export to Nigeria stands at the US $12.4 billion. There is, therefore, the need for us to have more favourable balanced trading for the mutual benefits of the two countries,” he said. Earlier, Pingjian commended Nigeria on its One China policy, describing it “as the core value of the relationship between China and Nigeria.”

Ayomide Oyewole

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.