China pledges to encourage investment in Nigeria - SABC News - Breaking news, special reports, world,

China's Foreign Minister Wang Yi arrives at the ministerial conference during the 2024 Summit of the Forum on China-Africa Cooperation held at the Diaoyutai State Guesthouse in Beijing, China September 3, 2024.China vowed to encourage its more “powerful” companies to invest in Nigeria, which in turn said it was open to Chinese companies building factories and developing its energy and mineral resources after the two nations’ leaders met in Beijing.

“China and Nigeria, as major developing countries, strengthening strategic coordination, will inject fresh impetus to China-Africa relations in the new era and spearhead common progress among Global South countries,” Xi said. The Belt and Road Initiative has already delivered massive infrastructure projects in Nigeria, from a deep sea port to rail lines.

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