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Nigeria courts Chinese investment as interest booms in oil, gas and bigger opportunities

Abuja pushes for shift towards value-added exports amid increasing concern about trade imbalance that favours Beijing.



Nigeria is actively seeking increased Chinese investment, particularly in oil, gas, and infrastructure, aiming to shift towards value-added exports and address trade imbalances. Over 200 Chinese companies have expressed interest following President Tinubu's visit to Beijing and the signing of a bilateral agreement. While China sources oil elsewhere, its engagement with Nigeria is driven by broader market access and project opportunities, including the new China-funded seaport.

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