THE CHINESE COMPANIES IN NIGERIA AND JOB CREATION

Abstract

In a bid to remain the second largest economy in the world and aspiring to become the number one in future, People Republic of China (henceforth China)  has full diplomatic relations with 178 out of the other 193 United Nations member states, Cook Islands, Niue and the State of Palestine; making her the nation with highest diplomatic networks. Since 1956, China has established diplomatic relations with 51 out of 54 African nations and has maintained relationships with 45 African nations till date. China is one of Nigeria’s major political allies and trade partners. China-Nigeria trade volume in 2021 is valued around $20 billion. The influx of Chinese people in Africa and Nigeria in particular has increased the number of Chinese companies in Africa and Nigeria in particular. This paper examines the Chinese companies in Nigeria and job creation. The paper adopts qualitative research methods by using the secondary data which were gotten from journals, newspapers, websites, books, etc. From the findings, the paper argues that despite the shortcomings of China-Nigeria relation and Chinese companies in Nigeria, Nigeria is gaining more than she is losing. It is recommended that Nigerians, both the leaders and the citizens, should be wiser in dealing with the Chinese. With a good policy from the government (leaders) and knowledge of Chinese language and culture from the masses (citizens), Africa (Nigeria in particular) will achieve a maximal gain from her relationship with China.