Experts seek maximization of economic relations between Nigeria, China

Experts on Thursday, urged the Federal Government to overhaul and leverage on the subsisting trade relations with China toward boosting the nation’s economy and infrastructure needs.

Frank Okeke, Chief Executive Officer, Standard Constructions Limited, said that the need became imperative following the nation’s economic challenges and sustainable development.

“We should learn to maximize the relationship with China to meet some of our challenges in the oil and gas sector, especially in fixing the nation’s ailing refining capacity and establishment of new petrol chemical plants using Chinese technology.

“The needs of exploiting China cannot be over-emphasized as China had successfully met their domestic refining capacity in spite of their large population,” he said.

Chris Nemeidia, a former Director of Central Bank of Nigeria (CBN), said that government should initiate export programmes to encourage domestic interest commercial production cash crops.