On Wednesday, 11th January 2017, the Chinese Foreign Affairs Minister, Wang Yi, disclosed plans by the Chinese government to invest up to $40 billion in Nigeria as part of her efforts at deepening relations between the two countries.

“China has already invested or financed a total number of $22 billion projects here in Nigeria, another $23 billion projects are on-going. In addition, we are also following up another over $40billion of investments, which are in the pipeline,” said Yi.

According to Wang Yi, President Muhammadu Buhari had met with him at the presidential villa, where the president pledged that Nigeria would honour all agreements signed with the People’s Republic of China. ‘‘Now, we have to collaborate with you, and we will keep our side of the bargain in all the agreements we have signed,” said Buhari.

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