The volume of business transactions between China and Nigeria is growing by the day.

As at 2017, transactions valued at $13.78, about 4.97 trillion naira has been consummated by the two countries.

This is coming from the horse’s mouth, Mr Chao Xiaoliang, who is the Consul-General of the People’s Republic of China.

Mr Chao was speaking in Lagos at the celebration of the Chinese New Year, also known as the Spring Festival.

Hundreds of Chinese nationals along with their Nigerian and non-Nigerian friends gathered in Lagos to mark the annual important event.

Also Read: China Disburses 9.1 Trillion Naira Industrialisation Fund To Nigeria

According to him, the year 2017 also promoted more fruitful people-to-people friendships between Chinese and Nigerians.

“Let me announce that the bilateral trade between our two countries in 2017 reached 13.78 billion dollars.

“The year 2017 also witnessed a fruitful year of Chinese and Nigerian friendships.

“The cooperation between the two countries is flourishing, especially in the fields of politics, trade, infrastructure development, IT, agriculture and culture,” Mr. Chao said.

He added: “Our People-to-People exchanges and cultural exchange programmes are growing rapidly. These achievements cannot be made without the efforts of our Nigerian friends, the Chinese community and enterprises in Nigeria.”

Also Watch: How Start Ups Can Break Into The Nigerian Market