As the world's sixth largest producer of oil and gas and housing the eighth largest population of more than 150 million people, Nigeria is attracting huge investment and trade interest from around the world, with China leading the way. With the Nigerian government embracing privatisation, partnerships and diversification, Chinese enterprises are flocking to and taking advantage of the numerous foreign direct investment (FDI) opportunities at a time when the US and Europe are still struggling with the aftermath of the global financial crisis.
And as the new world financial order emerges, African banks are looking towards China, and Chinese banks are likewise looking to Africa as new links and partnerships are formed.