info.afrindex.com
China-Africa Trade Information Service
Nigeria has rich land resources with an area of 923,800 square kilometers, of which 60 million hectares of arable land (including abandoned land).
In many parts of the world, coffee has been regarded as a daily necessity, and demand does not seem to fall quickly. In fact, it is predicted that by 2030, the annual coffee consumption will reach 200 million bags.
China Civil Engineering Construction Corporation (CCECC) plants to build the first rolling stock assembly plant to produce wagons project in Nigeria.
Nigeria is Africa's largest economy and the most populous country, so China is motivated to ensure that Nigeria's expanding middle class continues to buy Chinese manufactured goods.
Nigeria imported $36.5 billion goods from the world in 2018 with the decrease of -18.3% compared to 2014, but an increase of 26.1% over 2017.
The Chinese Ministry of Commerce said it has begun exporting used cars to Africa, Asia and Europe, and Nigeria is one of the first major destinations for 300 cars.
Africa's exports represent an estimated 2.6% of total world exports in 2018.
Some of Nigeria's main cement producers have seen earnings rise on the back of strong demand, but although sustained consumption growth is forecast for the near term, challenges remain in the form of high logistics costs.
Road transport accounting for more than 70% of Nigeria's territory and intercity traffic due to the country's poor transportation infrastructure.