Facts emerged Tuesday that the volume of imports and exports between Nigeria and China over the years has reached about $210 billion (about N34.6 trillion).

Consul-General, Peoples Republic of China, Liu Khan, who disclosed this at the Energy Environment and Investment Forum, in Port Harcourt Tuesday, however put the trade relationship between the two countries last year at $13.6 billion, assuring of increased dealings in the next few years.

Meanwhile, the Rivers State Governor, Rotimi Amaechi, has assured of the government’s commitment to achieve uninterrupted power supply across the state by next year.

The Chinese envoy said the Asian nation is vigorously committed to its business partnership with African nations, particularly Nigeria, adding that this relationship over the years have supported the political terrain and uphold the economic survival of the countries.

He emphasised that "Nigeria is now China's seventh export market", describing Nigeria as the most important investment destination for China in Africa.

According to him, financial investment in Africa amounts to $20.5 billion, covering petroleum, free trade zones, manufacturing and agriculture among others.

Quoting the International Monetary Fund, the Consul-General, said China/Africa's cooperation has contributed to about 20 per cent of Africa's growth.

Amaechi, who hosted the world leaders from France, Spain, Poland, China and United Nations, in Port Harcourt, said the theme of the forum: "Sustainable Energy- Key to Africa's world integration", connects Nigeria to the continuous search for a sustainable future.

He said his administration is embarking on several projects to increase the availability of power, which includes construction of new power stations and rehabilitation of old ones.

"Our focus is to achieve uninterrupted power supply across the state by 2015," he said.

The Governor said the he is working to evolve Port Harcourt into a "global city", as he initiated new city project know as Greater Port Harcourt City to take development away from the centre and achieve de-congestion.

According to him, the new city is designed with adequate consideration to the reduction of environmental impacts, minimization of energy consumption and destructive ecological footprints.

He stressed that the construction of ultra-modern facilities in the city is nearing completion to provide the foundation for vibrant private sector investment, assuring that the state is safe for business.
Mobil Producing Nigeria unlimited (MPN), operator of the NNPC/MPN joint venture, has confirmed a spill, after an explosion from its Qua Iboe terminal facility, Akwa Ibom.

The spill, according to a statement from Public & Government Affairs (Media & Communications), Mobil Producing Nigeria Unlimited, Ozemoya Okordion, occurred on Sunday June 29, 2014 following serious weather conditions and lightning strikes over the area.  

Okordion, however, estimated the amount spilled at 12 barrels, adding that the oil multinational has activated its emergency response systems and contained the spill.

He however, maintained there was no casualty, while loading operations were not affected by the tank fire.

"Subject to a detailed site inspection, our current estimate is that approximately 12 barrels of oil was released during the incident.  All relevant regulatory authorities and community leaders have been notified.

"We are working with community leaders to gain access to the impacted area and continue to work to ensure the impacted area is remediated. Offshore production and loading operations are continuing. MPN remains committed to environmentally safe operations", he stated.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: Guardian