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NIGERIA CHINA TRADE RELATIONS: THE IMPLICATIONS ON THE ECONOMIC DEVELOPMENT OF THE TWO COUNTRIES.
ABSTRACT
This study examined how Nigeria-China relations have influenced the inflow of foreign aid
and direct foreign investment in Nigeria. The population of this study consisted of secondary
data with respect to records of transactions from annual reports between the two countries
found in the Ministry of Foreign Affairs and other bureau of statistics. The study adopted an
exploratory and survey design to assess the Nigeria-China relations. The data used for this
study was obtained from the annual Reports of the two countries found in the Ministry of
Foreign Affairs and bureau of statistics ranging from 2001 to 2008. The sample of the
transactions was selected using a convenience sampling technique. The data collection
procedure was systematically done. The researcher used descriptive and inferential statistics
to analyse data for both the research questions and hypotheses. Such statistical techniques
include bar chart and regression analysis. All the hypotheses were tested at 0.05 level of
significance. The statistical package for social science (SPSS) was used to generate the
results. From the results of the data analysis, it was observed that there is significant impact
of economic diplomacy on the inflow of foreign aid and foreign direct investment to Nigeria
from China. It was concluded that Nigeria and China have very good business relations in
various aspect. One of the recommendations was that Nigeria and China bilateral trade
agreements and relations should be honored and effective strategies put in place that will
solidify this relationship.
KEY WORDS: Relations, Economic Diplomacy, Foreign Aid and Direct Foreign
Investment, China, Nigeria,
Dr. Monday M. King
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