On the 18 day of the fifth "China Nigeria business and Investment Forum", Ge Wu, Minister of Commerce and industry of Nigeria, said ChiefCharlesUgwu welcomes Chinese enterprises to invest in Nigeria and will provide a good environment for Chinese enterprises.

It is reported that in 2006, bilateral trade between China and Nigeria totaled 3 billion 130 million US dollars, of which China exported $2 billion 850 million to Nigeria, an increase of 23.9% over the same period last year.

Nigeria's demand for Chinese products is very strong, and the trade potential between China and Nepal is huge.

According to Sun Jianxiong, deputy general manager of Guangdong Xinguang International Group Co., Ltd., at present, Guangdong Xinguang International Group Co., Ltd. has built a Nigeria Guangdong economic and trade cooperation zone in Nigeria. It will lead a number of enterprises with strong production capacity and competitive edge in China. It will bring 30 thousand to 50 thousand jobs for Nigeria in 5 years.

He said that the entry of Chinese enterprises will also bring advanced production technology, rich management experience and quality products to Nigeria, and provide more employment opportunities to promote Nigeria's economic development.

It is reported that Nigeria has great demand for building materials, ceramics, light industry furniture, wood processing, household appliances, machinery and equipment, hardware building materials, motorcycles, auto parts, non-metallic mineral products and so on.

At present, domestic enterprises have also made great achievements in investing in Nigeria, and investment in building materials, textiles and clothing, shoes, air conditioners, purified water and scrap steel recovery is significant.

Nigeria is located in the western part of Africa, with a total population of 137 million. It is Africa's largest oil producer and has rich natural resources such as timber, minerals, energy and stone.