CHINA´S ECONOMIC POLICY TO NIGERIA IN OIL AFFAIRS
CHINA´S ECONOMIC POLICY TO NIGERIA IN OIL AFFAIRS

Summary/Abstract: China was born as a new economic power, needs a lot of oil energy to support economic growth. But the high amount of oil consumption is not supported by the limited amount of oil. To fill the needs for energy oil China conducts its economic management to oil-producing countries. Africa has countries that save a lot of natural resources, especially oil, which is one of China's destinations to explore for its oil resources. One of the countries that has oil wealth is Nigeria. Research Method is descriptive analysis that draw the efforts made by China to launch its economic diplomacy efforts by establishing a China-Africa cooperation forum, called the Forum on China-Africa Cooperation (FOCAC). Concluded that the role of FOCAC is very important in fulfilling China for oil resources in Nigeria. Some of the collaborations carried out by China and Nigeria based on FOCAC resulted in good reciprocity for the two countries. The development relationship is increasingly seen until the framework of cooperation in free trade is made between China and Nigeria. Basically, many collaborative efforts carried out by China to Nigeria mean that China is easier to carry out oil exploration in Nigeria, but China also helps the recovery and growth of the Nigerian economy.

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