Press statement from the Presidency
President Muhammadu Buhari Tuesday in Beijing called on the Nigerian and Chinese business communities to work harder to reduce the trade imbalance between both countries which is currently in China's favour. Speaking at the opening of a Nigeria-China Business/Investment Forum, President Buhari said that trade and economic relations between both countries must be mutually-beneficial and conducted with reciprocated respect and trust.
"Although the Nigerian and Chinese business communities have recorded tremendous successes in bilateral trade, there is a large trade imbalance in favour of China as Chinese exports represent some 80 per cent of the total bilateral trade volumes.