The People’s Republic of China has said it will invest $60bn in Nigeria.
Chargé
d’Affaires of the Chinese Embassy in Nigeria, Mr. Qin Jian, who said
this in a statement commemorating the 45th anniversary of its diplomatic
activities in Nigeria, described economic cooperation between both
countries as fruitful.
Qin said China was willing to integrate
its development with independent and sustainable development of Nigeria
and other African countries, so as achieve common development.
He
noted that at the “successful and historic” second edition of the Forum
on China-Africa Cooperation Summit held in Johannesburg, South Africa,
Chinese President Xi Jinping proposed five major pillars for
China-Africa relations.
According to the Chinese envoy, China and
Africa should seek equality and mutual trust in politics, cooperation
in economy, mutual learning in civilisation, mutual assistance in
security and unity and coordination in international affairs.
Qin
said, “(China’s) 10 key cooperation plans with Africa in the fields of
industrialisation, agriculture modernisation, infrastructure, etc. will
serve as an all-around blueprint for China’s cooperation with Africa in a
period to come and symbolise that China-Africa relations will take a
big stride and enter a new era.
“To fulfil the 10 plans, China
has pledged 60 billion US dollars in development funding to Africa. When
carrying out cooperation with Africa, China sticks to the principle of
‘Four noes and three priorities.’
“These include attaching no
political conditions, interfering in no African country’s internal
affairs, raising no demanding requirements and making no empty
promises.”
Among the listed priorities of the Asian nation were
Africa’s demands, improvement of African people’s livelihood and
enhancement of Africa’s capacity for independent development.
Source: PUNCH
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