To: elmatador who wrote (59056 ) 1/19/2005 5:03:51 PM From: RealMuLan Read Replies (1) | Respond to of 74559 Nigeria, China Trade Volume Hits N276bn January 19, 2005 Posted to the web January 19, 2005 Kingsley Nwezeh And Okon Basesy Abuja & Port Harcourt Chinese Ambassador to Nigeria, Wang Yongqui, has said his country's trade volume with Nigeria since 2004, has amounted to N276 billion. Speaking in Abuja yesterday during a presentation to Minister for Culture and Tourism, Ambassador Franklin Ogbuewu, Yongqui said the volume was five times more than what it was in 2003. For a YEAR IN REVIEW excerpt from the Africa 2005 guidebook, click here. (Adobe Acrobat). To buy the book, click here. "China and Nigeria enjoyed all round relationship throughout 2004, a year that witnessed the visit of the Chinese Premier which resulted in bilateral talks between him and President Obasanjo on how to improve trade and economic relations." He expressed happiness with rapid increase in the level of trade between the two countries, as a prospect of continued and fruitful bilateral ties between the two nations. "The volume of trade between our countries in 2004 amounted to $2 billion and this is five times the figure in 2003 which stood at $500 million," he said, pointing out that the prospect of economic cooperation in 2005 would be greater. Yongqui said China last year renewed its cultural agreement with Nigeria and expressed optimism that more of such relations would follow. Chinese government has indicated interest in economic development of Nigeria, especially in the agricultural sector. After the Abuja visit, Yougqui also visited Rivers State, where he met with the state Governor, Peter Odili, and said his visit, the first to Rivers State, was to seek areas of economic cooperation with the state government, describing the prospect for cooperation between China and Nigeria and China and Rivers State as very high. Yongqui expressed happiness that Chinese living in Port Harcourt and other parts of the state are doing fine, thanking government and the people of the state for the hospitality extended to his people. Chinese Ambassador to Nigeria, Mr Wang Yongqui, gave the indication when he paid a courtesy call on the Rivers Sate Governor, Dr. Peter Odili. He said since his arrival in Nigeria about 19 months ago, he had held discussions with President Olusegun Obasanjo to strengthen economic cooperation between the two countries. Yongqui said Nigeria and China have a lot to learn from each other, due to their similarities as the most populous countries in their continent. "China is the most populous in Asia and Nigeria, the most populous country in Africa continent. We have a lot to learn from each other," he said. Yongqui, who lauded the Federal Government on its policy on agricultural development said his country would like to assist in the agricultural development of Nigeria and Rivers State in particular. According to him, the presence of about 388 Chinese agricultural experts in Nigeria is a clear indication that China would like to see Nigeria produce enough food for its people, noting that Rivers State has abundant natural and human resources to achieve such feat.allafrica.com