The Chinese in the Nigerian Economy

Name: The Chinese in the Nigerian Economy
SKU: 84399
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₦6,000.00

The content is derived from a broad spectrum of information sources, including interviews, research, participation, and visits. Some facts of the book are drawn from investigation and long-term relationships and interactions with the sources.
It is a book that aims to fill the information gap that exists in Nigeria about Chinese investments and contributions to the Nigerian local economy. The extent of the presence of the Chinese in the Nigerian economy has made them a major topic of discussion in our everyday lives. Unfortunately, most of our discussions are based on hearsay and unverified conclusions while none of us made efforts to find out what exactly is the true position of things.
Just a few days after this book was out, the author said read on a WhatsApp chat group he belongs to about a video that circulated widely on social media. It was a video of a chain of trucks on the Obudu-Vandeikya Road in the Cross River-Benue axis of Nigeria. Without any link with the video deriving either from the picture or the comment of the clip recorder, someone attached a comment to the video that it was “illegal Chinese exports every week.” Funny enough, many viewers believed it without asking how the person came to that conclusion. At a closer look and examination, the caption was based on unverified sentiments.
Such positions that have become commonplace in Nigeria are what the book aims to factually address.

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China’s desire to invest in other worlds is hot, unpretentious, and voracious. Investors from this world’s largest manufacturing country spread out in almost all countries, and do not exclude Nigeria which has been one of the spots within their investment focus. The 2023 World Population Review (worldpopulationreview.com) on the FDI (inward and outward) standing of the world countries listed China as second to the USA. However, with Hong Kong as the third, if counted together with Mainland China, then China is the highest. This trend has been sustained since at least 2014. Already, since 2014, “China has remained the world’s largest investor in Africa in terms of total capital. They invested more than $72 billion in the continent from 2014 to 2018, according to the Brookings Institute. Those investments created more than 137,000 jobs across 259 projects.” Such figures even from a US-based agency can disprove the notions that China uses Africa as an experimenting ground for enslaving loans, commodity dumping, and export of poor quality goods only. Whereas China is a single country Africa owes the most, China is also by pole the largest investor in Africa, Nigeria inclusive. And Nigeria is at the top of the table.

This new book is possibly the latest release in the Nigerian market. This work is a product of knowledge with rich content delivered in simple, flowing journalistic language that makes for easy reading and understanding.
The book is segmented into seven main chapters, apart from the preliminary sections including the Introduction, Acknowledgment, Dedication, and Foreword, which was written by the Chinese Consul General, Ms. Yan Yuqing.

About the Author

Emewu is a journalist, researcher, publisher of Africa China Economy Magazine, and author of China: Rise and Global Influence in the 21st Century. He has close to 30 years of journalism experience with practice in Nigeria and China