China Going Global Strategy in Nigeria: Contending Issues About the Raw Materials Exchange for Foreign Direct Investment Financing and Development in Nigeria.

Nigeria has highest natural and minerals resources in which if she values it can do without help from other country. The study challenges the imperialism and negative impact of China profit in international trade with Nigeria. China exports more in Nigeria resulting trade imbalance condition between the two countries. This study intended to examined the Chinese presence in Nigerian raw materials as it was made only by the marks of victimization and if China really brings the Nigeria aid for their future development. The study survey shows that China often sends inferior products and substandard goods in Nigeria in exchange of their raw materials. The study adopted new trade theory and a good quality access. Information was carried by questioning with intentionally chosen responders, also with environment observations, historical files, school library with pertinent literatures. This study conclude that government should improve in technology capacity that boost exportation of Nigeria products rather than depending on foreign direct investment, this would assist and improve in our local productivity. However, there was increased volume of trade between both countries during the period under study. Despite the booming trade engagement between the two countries, the balance of trade was in favour of China. It was therefore that with the present configuration of the world system based on inequality between the technologically and industrially advanced nations and industrially weak and dependent nations, globalisation does not guarantee equal opportunities and cannot be beneficial to all. Based on the findings, it was recommended, among others, that to address the inequality in her trade relation to China, Nigeria should adopt appropriate socio-economic policies that will attract foreign investment and encourage people oriented development programmes. With better policies Nigeria can trade more profitably, attract more capital flow and benefit immensely on full integration into the world economy. It was also recommended that Nigeria should be committed to the diversification of her economy as against her present mono economy with over reliance on crude oil as the major source of foreign exchange earnings. This will go a long way on boosting her economy through the creation of alternative sources of national revenue.