The Chinese Government has retirated its commitment to the take off of Chinese banks in Nigeria.
The Chinese Ambassador to Nigeria, Cui Jianchun, made the announcement in a meeting with journalists in Abuja.
According to the envoy the move will boost trade and commerce between China and Nigeria.
Speaking on currency swap between the two nations, the Chinese Ambassador explained that the framework for the N750bn initiative was being expanded by the Chinese and Nigerian Central Banks.
Also Read: China seeks to boost relations with Nigeria
Jianchun, who expressed the desire for closer collaboration between the Chinese lawmakers and their Nigerian counterparts, disclosed that the eighth Ministerial Conference of the Forum on China-Africa Cooperation(FOCAC) would be held in Senegal in late November.
According to him, since its establishment over 21 years ago, FOCAC has bolstered interactions and political trust between China and Africa, delivering a leap in Sino-Africa relations.
Editor : Ena Agbanoma
