China to invest in new Nigerian port

China will build a new port on the Benin River in Nigeria as part of the US$60bn investment into Africa announced at the Summit of the Forum on China-Africa Cooperation (FOCAC).

Nigeria’s Edo State Governor Godwin Obaseki signed an agreement with China Harbour Engineering Company’s (CHEC) vice president Li Yi in a signing ceremony held at the Nigerian Embassy in Beijing, China.

Obaseki told Nigeria’s Ships and Ports publication that “this opportunity is going to rapidly help in diversifying the economy of Nigeria.”