China promises to incentivize domestic companies to invest in Nigerian economy
China has pledged to encourage major domestic companies to invest in Nigeria, especially in energy and mineral resources, following talks between Xi Jinping and Nigerian President Bola Tinubu.
China has pledged to actively encourage its largest national companies to invest in the Nigerian economy. This statement was made after official talks between Chinese President Xi Jinping and Nigerian President Bola Tinubu. The joint statement by the countries stressed the importance of expanding cooperation, especially in strategically important sectors such as energy and mineral resources.
The Chinese side promised to assist in the development of infrastructure projects, the construction of industrial enterprises and the introduction of modern technologies into the Nigerian economy. Nigeria, in turn, confirmed its readiness to cooperate with Chinese companies, offering them favorable conditions for participation in the development of mineral resources and the construction of energy facilities.
This agreement underlines Nigeria’s growing importance as a key partner for China in Africa and strengthens economic ties between the two countries, opening up opportunities for significant investment and growth.
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