Chinese President, Mr  Xi Jinping says China had pledged $60 Billion Dollars of new development aid to African countries.
President Jinping speaking at the opening session   Forum of China-Africa Cooperation, South Africa, described Nigeria as a very important ally of China in Africa, saying that the two countries need to boost their bilateral relations, for the good of their citizens.
“These plans are aimed at addressing three issues holding back Africa’s development,” Mr. Xi:  “Namely inadequate infrastructure…professional and skilled personnel, and funding.”
The  pledge represent nearly a doubling of the three-year, $30 billion funding package that China announced in 2012, said  Kai Xue, a Beijing-based lawyer who advises Chinese businesses operating in Africa.
China’s broader trade relationship with Africa has grown even more rapidly, to $222 billion last year—a record that made China the continent’s top trade partner for the sixth straight year.

The  summit is being attended by Nigeria's President Muhammadu Buhari and more than 30 other African leaders.

Speaking at bilateral talks with President Xi Jinping at the  Forum,  President Buhari said that the Federal Government will strive to fulfil Nigeria’s obligations under the agreements as their implementation will help to boost the country’s economy and generate thousands of new jobs.
“I have looked into the previous agreements and we will now keep our part of the bargain,” President Buhari assured President Xi Jinping.

The President applauded China’s ongoing support for the development of Nigeria’s agricultural sector, noting that Chinese advisers deployed to some states of the federation were helping to train farmers on water conservation and the use of more productive seeds.