How The Chinese Are Taking Over Nigeria’s Economy (Full Details)
Nairametrics reported that with an estimated approximated
203.42 million population and growing at over 2% per annum,
Nigeria ranks the seventh-largest country in the world. The nation
represents over 70% of the effective West African market, as Nigeria
remains the most competitive destination for the establishment of medium and large manufacturing industries.
No wonder, China has since positioned itself to take advantage of this expansive market by unleashing its horde of investors and businessmen on the manufacturing sector.
From textile to garment; household appliances, furniture, automobile; consumables and iron and steel as well as Financial Technology (FinTech) products, China has taken over, churning out tons of products for various segments of the market