A new book – The Chinese in the Nigerian Economy written by Ikenna Emewu, journalist, editor, and publisher has just arrived the Nigerian market.
The book released to the public market on January 12 explores detailed issues and facts on the role of Chinese investors in the Nigerian economy over the years.
The e-copy of the book will next week hit the internet and new media for easier access to the leverage on the reach of the new media.
The book’s arrival has also been heralded in all the social media accounts of Africa China Economy Magazine. It is a 129-page work in A4 landscape broad layout with top-quality printing that is available in the Nigerian market and published by the Afri-China Media Centre Limited, Lagos.
The work is Emewu’s third book focusing on China since 2016, as a dominant force in global affairs.
In March 2021, his second book – China: Rise and Global Influence in the 21st Century made an addition to the intellectual pool and body of literature on China, especially in relation to Africa.
Emewu explained in respect of the new book that: “The work on the topic becomes imperative to lay the facts bare and get to the kernel of the major ingredient that spices and flavours the Nigerian economy – the Chinese input.
However, while China is not on the list of the top four foreign investors in Nigeria, its investment has a different slant that makes it visible. China is the dominant investor in infrastructure in Nigeria and also in manufacturing, whereas most of the top investors focus on oil and gas, portfolio investments, and defence mainly.”
The insightful book noted that: ”In the past 45 years, the volume of Chinese investments in the country has been on a steady rise. Altogether, China has 17% of all its investments by volume and value in Africa located in Nigeria, and 10 percent of the total number in the continent also in Nigeria, making the country a most preferred destination for several reasons. The dominance, contributions, and impacts of these investments make them a big issue in Nigeria’s economic discourse.
Even though some other big economies invest in Nigeria, but the uniqueness of those of China is due to the strategic areas they venture in which are known, seen, and felt in the everyday economic life of Nigerians.
Chinese investment in Nigeria’s infrastructure development in recent years is unequaled.
The ordinary Nigerians see the Chinese build factories, farms, and trading companies, venture into fintech, information and communication technology, automobile manufacturing, develop free trade zones, partner to provide backbone support to telephone companies, automobile assembly, tourism and hospitality, and many more.
Right inside the bushes, the Chinese investors are seen in lumbering and prevail in dredging. They dominate in building railways, seaports, airports, and hydropower stations, fabricate and supply industrial raw materials; engage in food processing, drinks, building materials, and the rest.”
He assured journalists that the book will be a huge addition to enlightening Nigerians, Chinese, and others on the critical role of the Chinese investors and service providers in Africa’s largest economy.”
