INVESTMENT TIED TO POLITICS
Nigeria tells Taiwan to move trade mission from capital
Nigeria has been seeking Chinese support after a slump in oil prices pushed the country to the brink of its first full-year recession since 1991
Nigeria has ordered Taiwan to move its trade mission from the capital, Abuja, to the commercial hub, Lagos, following a visit by the Chinese foreign minister during which his government pledged to invest $40bn. Nigerian Foreign Affairs Minister Geoffrey Onyeama announced the move on Wednesday after his meeting with Chinese counterpart Wang Yi, China’s official Xinhua News Agency said. China had said it would invest $40bn in Nigerian infrastructure projects, a presidential spokesman said on Thursday, without giving details. Onyeama said Taiwan would stop enjoying privileges because it was not a country recognised under international law, Xinhua said. In the talks, Onyeama reaffirmed his country’s commitment to the One China policy. On Thursday the foreign ministry of Taiwan strongly condemned "the unreasonable, rude and outrageous act of political hype carried out by the Nigerian government in complying with mainland China’s political goals". "Nigeria has made a correct political jud...
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