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China invested $1.79bn in Nigeria in 2013 -Envoy

 NEWS: CHINA SAYS IT INVESTED $1.79BN IN NIGERIA IN 2013...NIGERIANS REPLY..."$1.79BN OF FAKE MONEY OR PRODUCTS,DO YOU PEOPLE THINK WE ARE THAT STUPID?" Mr Liu Kan at an earlier meeting with Gov Fashola…

The Consul-General of the People’s Republic of China Mr Liu Kan in Lagos, on Wednesday said that China’s non-financial direct investments in Nigeria in 2013 stood at $1.79bn (about N293.5bn).

Liu told the News Agency of Nigeria in Lagos that the investments were mainly those of Chinese companies involved in free trade zone, petroleum, iron and steel, manufacturing and agricultural sectors.

“The main investors, which are more than 40 companies, include China National Offshore Oil Corporation, China National Petroleum Corporation and China Railway Construction Corporation.

“The Chinese Government will continue to encourage and support Chinese companies’ investment in Nigeria,” Liu said.

The envoy, who did not give statistics of the companies’ investment in 2012, said that their investments in Nigeria would increase in the future.

He said the Chinese Government was committed…

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