Nigeria-China Relations: Government Set To Diversify Cooperation To Reduce Trade Imbalance - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Abubakar Abubakar
April 17, 2019
The Federal Government says it is set to explore diverse areas with China to reduce the “huge trade imbalance” between both countries.
Special Adviser to the Vice President on Economic Matters, said this at the 2019 Belt and Road Nigeria and China Economic and Trade Forum in Abuja.
Dipeolu emphasised that there was already substantial economic activity between both countries, with China being Nigeria’s largest trading partner in 2017 and with 25 per cent of imports from that country.
He, however, said that there was still a lot to be done in terms of economic cooperation between Nigeria and China, despite notable economic ties.
He said the Economic Recovery and Growth Plan ERGP, intended to bring about macroeconomic stability and diversification of the productive base of the economy, drew some insights from the Chinese experience.