Nigeria and Chinese Currency Swap Deal: The Role and Benefits of SMEs In Nigeria

Abstract

Purpose: This examines the role & benefits of small and medium scale enterprises as regards the currency swap deal between Nigeria and China. We assessed the roles SMEs played in such agreement and what will be its benefits in growing the industry.
Design/Methodology: The study is a theoretical paper whereas general purpose paper to assess the benefits and roles of small and medium scale enterprises in Nigeria as it affects the currency swap deal between the Chinese and Nigeria.
Findings/Conclusion: The Nigerian Customs Service must ascent to guarantee the standardization of items coming into this nation. We should not simply permit all way of imported goods into the country all the name money swap bargain between China and Nigeria.
Practical Implications: Nigeria should use China's oil hunger to exploit concessions in areas of critical importance to Nigeria. China should be encouraged to improve and enhance its engineering ventures and technical cooperation with Nigeria.