Nigeria-China bilateral relations: a skewed or balance relation? Online publication date: Mon, 08-Nov-2021
by Joshua Adeyemi Afolabi; Chinonyerem Emmanuel Oji
International Journal of Diplomacy and Economy (IJDIPE), Vol. 7, No. 2, 2021
Abstract: This study examined the China-Nigeria bilateral relation with a view to ensuring a balanced relation between the countries. The study showed that Nigeria has had more official visits to China than China to Nigeria and that while Nigeria has had series of balance of payment deficits trading with China, China continues to enjoy surplus balance of payment. This contrast has been attributed to the nature of goods and services traded between these countries. The study also showed that China has invested massively in different sectors of the Nigerian economy notably the manufacturing sector, construction sector, oil and gas sector and in technological services and these Chinese investments in Nigeria benefits from special incentives including tax holidays, expatriation quota and tariff-free imports, among others. Based on these findings, China and Nigeria need to review their relation with each other with a view to ensuring a balanced relation.
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