Chinese Influence In Nigeria

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An overview of Chinese influence in Nigeria in terms of their trade associations:
China’s trade relations with Nigeria had been progressive as portrayed by findings in this thesis. One of the findings was, Chinese trade relations with Nigeria is dated back to the 1960s when Nigeria had not even had its independence. Also, at this time the volume of bilateral trade between Nigeria and China was 1million US dollars showing that the trade deals were not bad between the two countries. Subsequently, due to the favourable trade relations between the two countries, the trade volume was at 178 million US dollars around 1996. However, it will be relevant to know which of these countries had a greater contribution than the other in terms of the volume
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Therefore, this type of situation reveals that China does saturate the Nigerian market with Chinese goods and this could in the other way round because unfavourable market conditions for home produce goods. Again, as years were advancing the trade relations between Nigeria and China was also on good terms in the sense that the trade volume reached 3 billion US dollar by 2004. Also in 2010 the value of bilateral trade between the two countries was 10 times what it was in 2000 that is the value of trade in 2010 was 17.7 million US dollars meaning that the trade value in 2000 was below 7 million US dollars as revealed by findings (. Furthermore, China mostly imports oil and gas products from Nigeria and Chinese exports to Nigeria comprise numerous manufactured goods, electronics, and machineries amongst other. For example, within a period of 10 years as above, China's exports expressed as a percentage of the total bilateral trade was up to 20%. Nigeria and China are interdependence on each other in their trade relations as portrayed above, but the only difference here is that the gains are not equal for the two…show more content…
So, another finding Paul cited in (Li Xing 2010) of the study was that Chinese exports to Nigeria were on an increase and the difference noticed in the increase of the Chinese export within 1976 and 1980, was 250 million US dollars. That is the increase in exports as said above was from 128 million US dollars to 378 million dollars in the respective years. Therefore, this type of situation reveals that China does saturate the Nigerian market with Chinese goods and this could in the other way round because unfavourable market conditions for home produce goods. Again, as years were advancing the trade relations between Nigeria and China was also on good terms in the sense that the trade volume reached 3 billion US dollar by 2004. Also in 2010 the value of bilateral trade between the two countries was 10 times what it was in 2000 that is the value of trade in 2010 was 17.7 million US dollars meaning that the trade value in 2000 was below 7 million US dollars as revealed by findings (Rothberg Robert 2008 P: 274). Furthermore, China mostly imports oil and gas products from Nigeria and Chinese exports to Nigeria comprise numerous manufactured goods, electronics, and machineries amongst other. For example, within a period of 10 years as above, China's exports expressed as a percentage of the total bilateral trade was up to 20%. Nigeria and China

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