The Problems and Countermeasures of China-Nigeria Bilateral Economic and Trade Cooperation

Abstract

Despite Foreign Direct Investment (FDI), trade, engineering contracts and labour force accounting for the most needed and welcomed phenomenon for the growth of a nation's economy in this new dispensation, the problems associated with achieving the sole motive cannot be over emphasized. Therefore, this article focuses on the problems and countermeasures of Nigeria and China bi-directional economic cooperation for a better and mutual foreign investment and economic benefit. The article utilized a comprehensive literature in the findings of the existing problems in the bilateral relation existing between the two countries, and also made use of data from 2000 to 2017 in the analyzing of the trend of cooperation between the two countries. Finally, the article puts up some suggestions for the both countries that is believed to foster their existing relationship into a more attractive, profit oriented FDI and general economic cooperation.