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Nigerian President's visit to China boosts engineering machinery exports

Nigerian President Goodluck Jonathan is scheduled to arrive in Beijing on July 9 for a four-day state visit to China. China and Nigeria have a long history of cooperation in infrastructure development. Chinese companies have invested nearly US\$8.3 billion in Nigeria and are involved in engineering projects worth US\$28.1 billion, making Nigeria the country with the most Chinese overseas contracting projects. Infrastructure cooperation will be a major focus of President Jonathan's visit. He recently attended the groundbreaking ceremony for the Zungeru hydroelectric power station, a project that has been in the works since 1982.

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03-15

Nigerian President's visit to China boosts engineering machinery exports

Nigeria's 'power shortage' strikes, capital Abuja frequently plunges into darkness

Since June, Nigeria, a major African economy, has been experiencing a power outage, with most areas, including the capital Abuja and the largest city Lagos, frequently plunged into darkness. To maintain normal work and life, local residents have had to use generators. Nigeria's Minister of Power, Sale Mamman, described the country's power shortage as a "nightmare". Currently, Nigeria's total installed power generation capacity is about 6 gigawatts, which can only meet the electricity needs of 40 million people out of a national population of 160 million. Brazil and Pakistan have populations comparable to Nigeria's, but their installed power generation capacities are 24 and 5 times that of Nigeria, respectively. According to World Bank data, Nigeria's per

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03-15

Nigeria's 'power shortage' strikes, capital Abuja frequently plunges into darkness

Russia's accelerated development of the Far East is expected to cultivate new growth points for Sino-Russian economic and trade cooperation.

Primorsky Krai, located in the southeastern corner of the Russian Far East, held a presentation at the Harbin Trade Fair on the 16th, focusing on promoting 20 key projects including education, tourism, and logistics. Primorsky Krai Deputy Governor Sidorenko revealed at the meeting that China has become the region's largest trade partner in recent years, accounting for approximately 50% of the region's total foreign trade. "Chinese enterprises are welcome to invest, and our local government will fully support and provide thorough follow-up services," Sidorenko said. According to the latest development plan for the Russian Far East, Primorsky Krai will receive 45 billion USD in investment for improving infrastructure and the investment environment. At this Harbin Trade Fair

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03-15

Russia's accelerated development of the Far East is expected to cultivate new growth points for Sino-Russian economic and trade cooperation.

China-Nigeria trade volume sees rapid growth in first four months

According to Chinese customs statistics, bilateral trade between China and Nigeria from January to April this year reached US\$3.89 billion, a year-on-year increase of 34.5%. Of this, China's exports to Nigeria were US\$3.41 billion, a year-on-year increase of 33.1%; and China's imports from Nigeria were US\$480 million, a year-on-year increase of 44.9%. (Economic and Commercial Office of the Consulate General in Lagos)

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03-15

China-Nigeria trade volume sees rapid growth in first four months

Optimistic about the Chinese construction machinery rental market in Nigeria

Located in West Africa, Nigeria is a prominent representative of Africa's economic development. Abundant oil reserves have injected immense impetus into Nigeria's development; however, relatively backward infrastructure has severely restricted the country's economic development. A large-scale infrastructure construction boom has begun in its largest city, Lagos. Nigeria's infrastructure boom is in full swing. Nigeria is the country with the largest number of foreign contracting projects undertaken by China, meaning that Chinese engineering machinery products have more opportunities when entering this market. It is understood that XCMG, Sany, Zoomlion, and Lishde, among others, are optimistic about Nigeria's development potential.

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03-15

Optimistic about the Chinese construction machinery rental market in Nigeria
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