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How the Chinese are taking over Nigeria’s economy

28/11/2019 Several Chinese companies are presently competing with their Nigerian counterparts in the real sector. For instance, Chinese-owned Western Metal Products Company Limited (WEMPCO), a multi-billion naira integrated steel mill, situated at Magboro, on Lagos-Ibadan Expressway, Ogun State, is the first of its kind in Africa. The sprawling steel-manufacturing plant boasts of a production capacity of

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China Invests $16 Billion in Nigeria's Oil Sector Voice

ENUGU, NIGERIA Chinese investment in Nigeria's oil and gas industry has reached $16 billion, according to Nigeria's state-run oil company. While Nigeria's oil industry welcomes China's interest

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Chinese companies’ investments in Nigeria hit $20 billion

Shuijin, who is also the Managing Director of China Geo-engineering Company, further disclosed that his company, which was established in Nigeria in 1983, has offices in 30 states.. Note that it is unclear where Mr Shuijin got his figures from. “I believe the Chinese investment in Nigeria now is about $20b and we have employed over 200,000 Nigerians.

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