The Real Deal: Nigeria – China Currency Deal

The President Muhammadu Buhari and the Chinese President Xi Jinping, recently signed a bilateral currency agreement which was between the people’s Republic of China and Nigeria which also comes come with a lot of benefits to the two countries. China is a county that thrives on imports and production of cheap goods exported all over the world and also China accounts for over 70% of Nigeria’s total imports.

This deal, apart from its economic benefits, it also comes with billions of dollars in loans, infrastructural development, investment opportunities and job creation.