Home > Overseas Investment News > Nigeria Looks East to Address Economic Woes: Expert
Nigeria Looks East to Address Economic Woes: Expert
2016-09-29
Brief:Nigeria will welcome all kinds of support from China, the world's second largest economy to help shore up its growth as the major African economy enters a recession.
Nigeria will welcome all kinds of support from China, the world's second largest economy to help shore up its growth as the major African economy enters a recession, an expert on China-Africa development issues has said.
 
Enehikhuere, a member of the African Think Tank for China-Africa Development, told in an interview that China, being an important partner in Nigeria's growth and development, is expected to play a constructive role in helping Nigeria address its economic problems.
 
According to him, Nigeria, like other African countries, is comfortable with China's economic leadership and is willing to learn how to grow the economy through Chinese expertise.
 
Nigeria's economy formally entered recession in the third quarter of the year when its Gross Domestic Product in real terms declined by 2.06 percent in the second quarter year on year after a 0.36 percent decline in the first quarter.
 
China and Nigeria, Enehikhuere noted, have collaborated in many fronts to combat various challenges in the past.
 
"Therefore, it won't be a difficult thing for the two nations to exchange ideas and support to help Nigeria come out of its present economic situation," said the expert.
 
He said although Nigeria is in recession, its economy can remain robust especially as the West African nation looks forward to diversifying its economy.

Namibian

Please contact us in case of Copyright Infringement of the photo sourced from the internet, we will remove it within 24 hours.
Relevant Information