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Chinese Involvement in Nigeria’s Economy: Challenges and Prospects
Abstract of Chinese Involvement in Nigeria’s Economy: Challenges and Prospects
The study examines Chinese involvement in Nigeria’s economy.
Qualitative data of data collection was used in the study. In view of this, data were generated from secondary source materials. Data used in this research were sourced from relevant text materials. These include texts, journals, magazines, past project relating to this study, archives, publications of research work and internet. Content analysis method of data was adopted in the research.
The results revealed that; There is an intertwined between economic interests of China and Nigeria and what each wants from the other; There is benefits that Nigeria derives from China’s economic engagement in the country; There are challenges that confront China and Nigeria’s trade arrangement and the impact of those challenges on Nigeria’s growth plan.
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The study concluded that, Chinese involvement has positive effect on Nigeria’s economy. The study further recommended that; The government should introduce transparency and accountability in both country government functions, particularly in all financial transaction; The government should focus on improving the quality of these goods and Nigeria authority needs; The Nigeria government should make concerted effort at policing its boarder to prevent the influx of smuggled goods into the country; Attempts to compromise the benefits of foreign direct investment should be persistently resisted by the Nigeria government and investors.
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