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  • China to impose additional 34 percent tariffs on all imported U.S products April 10

    China to impose additional 34 percent tariffs on all imported U.S products April 10

    China is gearing up for a potential trade and tariff war with the United States, announcing plans to impose a 34% tariff on all U.S. imports starting April 10, 2025.

    The move is in response to sweeping tariff measures introduced by the U.S. government, including a 10% “minimum baseline tariff” on all imports set to take effect April 5, and a higher, targeted tariff on countries with which the U.S. runs the largest trade deficits, beginning April 9, according to a White House document.

    Beijing had earlier urged Washington to reconsider what it described as unjust “reciprocal tariffs” and instead resolve trade disputes through fair, respectful, and mutually beneficial negotiations.

    Chinese foreign ministry spokesperson, Guo Jiakun, warned during a press briefing on Thursday that no one wins in a trade war. 

    He also criticised the U.S. measures as violations of World Trade Organization rules, saying they seriously undermine the global rules-based trading system.

     “The Chinese side firmly opposes this and will take necessary measures to resolutely safeguard its legitimate rights and interests,” said the spokesperson, reiterating that there is no winner in a trade or tariff war, and that protectionism offers no solution.

    “China firmly rejects this and will do what is necessary to defend our legitimate rights and interests.

    “We have emphasized more than once that trade and tariff wars have no winners. Protectionism leads nowhere. We urge the U.S. to stop doing the wrong thing, and resolve trade differences with China and other countries through consultation with equality, respect and mutual benefit.

    “As I just said, trade wars and tariff wars have no winners, and protectionism will lead nowhere. The U.S. needs to correct its wrongdoings and resolve trade disputes with countries, including China, through consultation with equality, respect and mutual benefit.

    “Let me stress that the U.S.’s unilateral tariff hikes violate WTO rules, undermine the common interests of people of all countries, and do no help to solve its own problem. It is clear that more and more countries have come to stand against the U.S.’s tariff hikes and other unilateral bullying moves.

    Meanwhile, the U.S. action has continue to attract backlash from countries around the world, with countermeasures already pledged by some.

    On social media platform X, Czech Minister of Industry and Trade Lukas Vlcek called Trump’s new tariffs a “mistake.” 

    Also, Manfred Weber, the leader of the European People’s Party and a member of the European Parliament, called April 2 — the new tariff announcement day dubbed by Trump as “liberation day” for the United States — as “resentment day.”

    “Donald Trump’s tariffs don’t defend fair trade: They attack it out of fear and hurt both sides of the Atlantic,” he said.

    European Commission President Ursula von der Leyen on Wednesday expressed deep regret over the U.S. move in a statement, calling it “a major blow to the world economy,” and warned against a devastating impact. 

    Read Also: China, Nigeria explores strategic industrial, educational partnership

    “The global economy will massively suffer,” she said. “Uncertainty will spiral and trigger the rise of further protectionism. The consequences will be dire for millions of people around the globe.”

    Spanish Economy Minister Carlos Cuerpo on Thursday said the United States’ new tariffs are “unfair and unjustified” in an interview with radio station RNE, adding that the Spanish government will take action to protect companies and consumers from the effects of the tariffs.

    Speaking to local media on Thursday morning, British Business and Trade Secretary Jonathan Reynolds said he is “disappointed” by the additional tariffs imposed on Britain, noting the 10-percent tariff is not a “fair reflection of how we currently trade.”

    In Asia, Japan’s Chief Cabinet Secretary Yoshimasa Hayashi on Thursday expressed “serious concern” about the U.S. decision to impose reciprocal tariffs, saying the new tariffs could have a “big negative impact” on the global economy and the multilateral trade system.

    South Korean Prime Minister Han Duck-soo, who is serving as acting president following the impeachment of President Yoon Suk-yeol, told an emergency meeting on economic security in Seoul: “As the global tariff war is coming to a reality, the government should pour out all of its capabilities to overcome a trade crisis.”

    The German Institute for Economic Research in a statement issued on Wednesday ahead of Trump’s new tariffs announcement warned that the United States has made a significant departure from multilateralism in its trade policy. The introduction of new, extensive tariffs poses a serious threat to global supply chains.

    Also, businesses and business leaders in Britain have all expressed grave concerns that the new tariffs on their exports, even at 10 percent, could weigh heavily on British industries. Rain Newton-Smith, chief executive of the Confederation of British Industry (CBI), said: “There are no winners in a trade war. Today’s announcements are deeply troubling for businesses and will have significant ramifications around the world.”

    The Federation of Small Businesses (FSB) believed small exporters in the country would be hard hit, as 59 percent of them trade with the United States. “Tariffs will cause untold damage to small businesses trying to trade their way into profit,” said Tina McKenzie, the FSB’s policy chair.

    The Manufacturers Association of Israel (MAI) said in a statement Thursday that the United States imposing a 17-percent tariff on imports from Israel is worrying. “The decision of the U.S. President to apply the tariff policy to Israel could harm Israel’s economic stability, deter foreign investment in the economy, and weaken the competitiveness of Israeli companies in the U.S. market,” it said in a statement.

    On Tuesday, Israel announced the lifting of all tariffs imposed on imports from the United States, but the move failed to avert the new tariffs imposed by the United States.

    In Paris, French government spokesperson, Sophie Primas said on Thursday the European Union (EU) is ready for a trade war, with retaliatory tariffs to be imposed on all goods and service products from the United States by the end of April.

    The initial levies in retaliation to the U.S. tariffs on EU steel and aluminum products would be put in place around mid-April, and the tariffs targeting all American imports are expected to be ready probably by the end of April, she said when speaking to the broadcaster RTL on Wednesday.

    In response to the U.S. tariffs, Britain’s Prime Minister Keir Starmer told business leaders gathered at 10 Downing Street on Thursday morning that the close ally of the United States is “prepared.” Decisions we take in the coming days and weeks will be guided only by our national interest. In the interest of our economy,” Starmer said.

    On Wednesday before Trump’s announcement of the new tariffs, Italian Prime Minister Giorgia Meloni reiterated her call for negotiations to avoid a trade war with the United States, while signaling a shift away from her previous opposition to European retaliatory tariffs.

    “We must work in every way to avert a trade war,” she said during a cultural event. “But this obviously does not rule out considering appropriate responses to defend our industries if necessary.”

    In Brazil, the National Congress passed legislation allowing the South American country to impose reciprocal trade and environmental measures in response to foreign restrictions, on Wednesday just hours after Trump’s announcement of the sweeping tariffs.

  • China, Nigeria explores strategic industrial, educational partnership

    China, Nigeria explores strategic industrial, educational partnership

    Key stakeholders from China and Nigeria convened at the opening ceremony of Africa’s first InfoValley Industry-Education Integration Park, in Lagos, yesterday, to strengthen collaboration in industry, education, and technology. The symposium brought together representatives from industry chambers, academia, vocational institutions and private enterprises to explore ways of aligning Nigeria’s industrial priorities with China’s expertise in innovation, vocational training, and sustainable development.

    The discussions centred on a commitment to establishing a high-tech industrial cluster in Lagos, designed to merge vocational training with industrial innovation, nurture local talent, and adapt China’s proven technological frameworks to the Nigerian context.

    The event featured notable figures, including Managing Director of China-Africa Investment FZC, Deng Yu; Rector of Ogun State Institute of Technology, Dr. Abiodun Oluseye; Deputy General Manager of China-Africa Free Zone Company, Ogun-Guangdong Free Trade Zone, Kevin Liu; and Deputy President of the Lagos Chamber of Commerce and Industry (LCCI),  Engr. Leye Kupoluyi.

    Speaking to journalists, Managing Director of InfoValley Industry-Education Integration Technology Co., Ltd, Chen Peter, emphasised that the partnership goes beyond commerce, aiming to drive long-term innovation and skills development across Africa.

    “It’s not just about selling Chinese brands or products in Nigeria. We respect the cultures and values of both nations and aim to build a unique local brand in collaboration with Nigerian partners,” Peter stated.

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    He further highlighted Nigeria’s influential role in ECOWAS, stressing that deeper cooperation between the two nations could significantly impact regional industrialization, digital transformation, education, and technology.

    Deputy President of LCCI, welcomed the initiative, particularly the establishment of an innovation hub to train Nigerians in ICT, urging stakeholders to leverage knowledge-based economies for national development.

    “We need to ask ourselves, how do we get our people trained? How do we develop our skills to improve agriculture, infrastructure, and energy solutions? If we work together and expand trade across Africa, prosperity will be widespread and sustainable,” Kupoluyi.

    In his address, Deputy General Manager, China-Africa Free Zone Company, underscored the symposium’s role in accelerating technological progress, increasing employment opportunities, and supporting industrial growth.

    “Our goal is to drive technological advancement, enhance employment opportunities, and support industrial upgrading, paving the way for long-term prosperity in the region,” Liu remarked.

    With China’s growing investments in Nigeria’s industrial and educational sectors, the collaboration is expected to serve as a model for sustainable economic transformation, equipping Nigerians with critical skills to compete in a globalised economy.

  • The Rise of China’s Domestic Talent Development

    The Rise of China’s Domestic Talent Development

    In today’s era of deep globalization, talent cultivation and mobility have been a key focus of the international community. For a long time, the United States has been seen as the ultimate destination for top global talent. However, this perception is now being challenged, particularly by the rise of China’s domestic talent development, which is demonstrating its immense strength and potential to the world.

    Recently, the Hoover Institution at Stanford University posted a video on social media from a discussion held in February. In the video, Dr. Amy Zegart, a senior fellow at the Hoover Institution, used DeepSeek as an example to argue that the claim that China’s top talent comes from the U.S. is incorrect—China’s talent is increasingly homegrown.

    Zegart pointed out that DeepSeek represents a remarkable case of domestic talent cultivation. “Among the 200 authors involved in its latest research paper, more than half were entirely trained within China’s higher education system. From their education to their careers, they have remained rooted in China’s academic and research institutions, without any overseas experience.”

    She further stated, “There has been a common misconception that foreign talent comes to the U.S. for education, excels, and then leaves. But now, China is developing its own talent domestically because Chinese students no longer need to study in the U.S.—China already has top-tier universities and technical institutes capable of producing world-class talent.”

    China has made remarkable achievements in higher education. From the expansion of universities to the strengthening of academic disciplines, China has built a vast and well-structured higher education system. It is home to several globally renowned universities, such as Tsinghua University, Peking University, Fudan University, and Shanghai Jiao Tong University. These institutions have reached international standards in research, teaching, and talent cultivation, producing a steady stream of highly skilled professionals.

    The rise of these top universities and technical institutes is a major pillar supporting domestic talent development. These institutions continue to break new ground in research and academic influence. For instance, Tsinghua University and Peking University are consistently improving their rankings globally, narrowing the gap with elite American universities. Meanwhile, China’s science and engineering schools are producing large numbers of specialized professionals, contributing significantly to technological advancements and industrial upgrades.

    China’s investment in scientific research has been steadily increasing, leading to substantial improvements in both the quantity and quality of research output. From fundamental research to applied science, Chinese researchers have made significant breakthroughs in many critical areas. In artificial intelligence, for example, China ranks among the world’s leaders in terms of research publications and patent applications, demonstrating its formidable innovation capacity and scientific prowess.

    The rise of China’s domestic talent development is of great significance to the country’s own progress. It provides a strong talent pool to support technological advancements and industrial upgrades, playing a crucial role in overcoming key technical challenges and driving scientific innovation.

    In today’s increasingly competitive global landscape, possessing a vast pool of highly skilled domestic talent is a key factor in maintaining China’s international competitiveness. China is gradually emerging as a global talent hub, attracting more international professionals for collaboration and exchange.

    China’s success in developing domestic talent also offers valuable lessons for other developing nations. These countries can learn from China’s experience in building a robust higher education system, innovating talent cultivation models, and increasing investment in research and development. By adapting these strategies to their own national conditions, they can formulate effective talent development policies to enhance education quality, scientific research capabilities, and overall national growth.

  • China’s 2025 two sessions: Key takeaways for Nigeria

    China’s 2025 two sessions: Key takeaways for Nigeria

    The 2025 “two sessions” in China, a gathering of the country’s National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC), hold significant global policy importance, which, if properly understood, can unlock key opportunities for nations like Nigeria. These annual sessions, typically lasting for about ten days, bring together lawmakers and political advisors to discuss the country’s socio-economic priorities for the coming year.

    In March 2025, the focus of China’s two sessions was clear: economic growth, technological innovation, and global diplomatic engagement. This year’s meetings were especially poignant for African nations, given the increasing strategic importance of China on the continent. On March 14, at the Lagos Forum Think Tank and Media Dialogue, a gathering hosted by the Chinese Consul General in Lagos, Ms. Yan ‘Uche’ Yuqing, analysts, economists, policymakers and media professionals came together to unpack and dissect the outcomes of China’s two sessions. The focus of the meeting was not just on the internal policy shifts in China but also on the broader ramifications for countries like Nigeria. As one of China’s most important trade partners in Africa, Nigeria is uniquely positioned to benefit from China’s long-term policy directions, especially given the country’s increasing role as a global economic leader.

    This year’s discussions emphasised China’s commitment to global economic stability, technological innovation, and the expansion of international trade—goals that resonate deeply with Nigeria’s own socio-economic aspirations. The two sessions outlined China’s vision for 2025, including ambitious targets for GDP growth, technological advancements, and strategic industries, all of which are set to reshape the global economic order. For Nigeria, these changes hold significant implications.

    The central highlight of the 2025 two sessions was the announcement of China’s GDP growth target for the year, set at “around 5 percent.” At a glance, this may appear modest given China’s immense scale as the world’s second-largest economy. However, the target represents a careful balancing act between global uncertainties and China’s domestic realities, reflecting a pragmatic approach to economic management. This growth target is seen as essential not only for stabilising employment but also for improving livelihoods and enhancing China’s global competitiveness.

    Shen Danyang, the head of the group responsible for drafting the work report, explained that the target was based on a comprehensive understanding of “China’s actual conditions and the laws governing economic development.” He stressed that the goal was designed to strike a balance between pursuing robust growth and addressing the challenges posed by global economic volatility. The country’s GDP surpassed 130 trillion Yuan in 2024, contributing approximately 30 per cent to global economic growth. This foundational strength, bolstered by a “supersized market, complete industrial system, and abundant human resources,” provides China with the resilience needed to navigate ongoing challenges.

    For Nigeria, the 5 per cent growth target is a reminder that steady, sustainable economic growth—rather than rapid, unsustainable booms—is the path toward long-term prosperity. Analysts believe Nigeria, with its history of fluctuating growth rates, could learn from China’s methodical approach. In particular, the emphasis on improving employment levels, curbing economic risks, and raising incomes provides a clear blueprint for Nigeria to follow. Unlike the Chinese model, Nigeria has struggled to institutionalise long-term, data-driven policy planning. This lesson from China’s pragmatic approach to growth—built around long-term stability and not short-term gains—should be a key takeaway for Nigerian policymakers. The targeted GDP growth rate is also significant because it aligns with China’s broader goals of increasing international competitiveness while managing internal socio-economic pressures. For Nigeria, strengthening its economic foundations through diversification and industrial upgrading could serve as a path to avoid the resource-driven stagnation that has historically plagued its growth trajectory.

    Perhaps one of the most striking aspects of the 2025 two sessions was China’s ambitious vision for technological development. Premier Li Qiang’s government work report detailed China’s commitment to leading the world in emerging technologies such as artificial intelligence (AI), quantum computing, and green technologies. Specifically, the government aims to integrate AI into its industrial framework through the “AI Plus” initiative, which will promote the large-scale application of AI models in manufacturing, transportation, and even public services.

    According to the government’s report, China will also focus on fostering industries of the future, including bio-manufacturing, quantum technology, and 6G networks. These technologies are expected to form the backbone of China’s industrial innovation and long-term economic growth. As noted by China’s technology experts, the country is already making significant strides in high-tech manufacturing, with sectors such as new energy vehicles and quantum computing showing rapid growth. China’s focus on innovation is not merely about improving existing industries. It is about setting the stage for the next wave of technological revolutions that will shape the global economy for decades to come.

    For Nigeria, these advancements present both opportunities and challenges. The nation’s growing digital economy and investment in tech start-ups are promising, but Nigeria lags behind China in terms of technological infrastructure and investment in emerging sectors like AI and quantum computing. Nigerian policymakers and business leaders should take note of China’s emphasis on integrating digital technologies into every aspect of the economy. Building up Nigeria’s technological base—especially in AI, blockchain and new energy sectors—will be crucial for its future competitiveness. One clear lesson is the importance of aligning technological advancement with industrial policy. Nigeria must develop a national framework that encourages innovation while simultaneously investing in the infrastructure and human capital required to support such breakthroughs. Collaborative efforts with countries like China in areas such as AI and green energy can offer a model for how Nigeria might fast-track its digital transformation, creating an innovation-driven economy in the long run.

    Another key theme emerging from China’s two sessions is the nation’s evolving diplomatic strategy. Foreign Minister Wang Yi’s address during the forum reinforced China’s commitment to global leadership and multilateralism. Wang emphasised China’s role in fostering a more equitable global order, particularly in light of the growing insularity in countries like the United States. He said, “China will provide certainty to this uncertain world,” positioning China as a leader in promoting peace, stability, and global governance. This assertion is especially important in the context of Nigeria’s foreign policy. Nigeria, as a leading power in Africa, must navigate the delicate balance between its historical relationships with Western powers and its growing ties with China. The Chinese Foreign Minister’s rhetoric on multilateralism is a reminder that the global order is shifting, and Nigeria must adjust its diplomatic priorities accordingly.

    For Nigeria, aligning itself with China’s multilateral approach could mean greater influence on the global stage. As a nation that is still navigating its place within the global geopolitical landscape, Nigeria has much to gain from China’s emphasis on cooperative international frameworks. Leveraging its strategic relationship with China could offer Nigeria the opportunity to secure a greater voice in global governance, particularly within international organizations such as the United Nations. Furthermore, China’s growing presence in Africa and its assertion that “Africa is a fertile land of hope” could provide Nigeria with new avenues for economic collaboration and investment. China’s Belt and Road Initiative (BRI), which aims to improve global infrastructure, could be a key tool for Nigeria’s development if properly leveraged.

    Read Also: China hits back at ‘arrogant’ G7 slights

    Perhaps the most critical takeaway from the two sessions for Nigeria is the emphasis China places on structured, time-bound policy planning. As Professor Efem Ubi from the Nigerian Institute of International Affairs (NIIA) rightly pointed out, China’s development plans—especially its five-year plans—are strategic, clear, and focused on tangible, measurable outcomes. Ubi observed that Nigeria’s past development plans have often faltered because they lacked clear, realistic targets and the necessary institutional frameworks to ensure successful implementation. For Nigeria to achieve sustained economic growth and development, it must learn from China’s structured approach to policy planning. This includes setting realistic targets, periodically assessing progress, and adjusting strategies to ensure long-term sustainability. A more disciplined approach to economic planning—similar to China’s—would allow Nigeria to manage its vast resources more efficiently and steer the country toward diversification, infrastructure development, and technological advancement.

    Ms. Yan Yuqing, China’s Consul General in Lagos, echoed the sentiment of deeper bilateral cooperation between Nigeria and China. The two nations have long enjoyed a symbiotic relationship, with China being Nigeria’s largest trading partner in Africa. Yan Yuqing emphasized that as China moves toward “high-quality development,” it will continue to support Nigeria’s growth through strategic partnerships and investments. China’s investment in infrastructure projects, particularly in transportation and energy, has already had a significant impact on Nigeria. However, the partnership must evolve beyond infrastructure and trade into areas such as technology transfer, education, and industrial collaboration. By focusing on these areas, Nigeria can ensure that it maximizes the benefits of its relationship with China.

    As China continues to assert itself as a global economic and political powerhouse, the implications for Nigeria are profound. The 2025 two sessions revealed China’s ongoing commitment to economic growth, technological innovation, and multilateral diplomacy—all of which have significant consequences for Nigeria’s own development trajectory. For Nigeria, the lessons from China’s methodical economic planning, technological foresight, and diplomatic strategies provide valuable insights into how it might accelerate its own growth and influence in the global economy. Ultimately, the future of China-Nigeria relations hinges on Nigeria’s ability to adapt to changing global dynamics, learn from China’s successes, and develop its own strategy for modernisation. By aligning its goals with China’s long-term vision, Nigeria can transform its socio-economic landscape and ensure a brighter, more prosperous future for its citizens.

  • China hits back at ‘arrogant’ G7 slights

    China hits back at ‘arrogant’ G7 slights

    China has labelled comments by top diplomats of the Group of 7 industrialised nations as being “filled with arrogance, prejudice and malicious intentions.”

    The comments by the Chinese on Saturday were in response to a G7 statement a day earlier that accused China of “illicit, provocative, coercive and dangerous actions that seek unilaterally to alter the status quo in such a way as to risk undermining the stability of regions, including through land reclamations, and building of outposts, as well as their use for military purposes.”

    In the response, issued through its embassy in Canada, where the two-day G7 meeting was held in La Malbaie, Quebec, China said that the statement “repeated the same old rhetoric, ignored facts and China’s solemn position, grossly interfered in China’s internal affairs and blatantly smeared China.”

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    “The statements are filled with arrogance, prejudice and malicious intentions to suppress and attack China. China strongly deplores and opposes this and has lodged solemn representations with the Canadian side,” the statement said.

    The G7 statement also dropped past reassurances, recently stated in November, that there is “no change in the basic position of the G7 members on Taiwan, including stated one-China policies,” as well as that the G7 is “not decoupling or turning inwards” and recognising the importance of China in global trade.

    The one China policy, which recognises Beijing as the official government of China and ensures that ties with Taipei remain unofficial, has been the bedrock of Western dealings with China and Taiwan for decades.

    The statement said the ministers “encouraged the peaceful resolution of cross-strait issues and reiterated their opposition to any unilateral attempts to change the status quo by force or coercion.”

  • China-Nigeria: A new era of friendship

    China-Nigeria: A new era of friendship

    In a world where international relationships often shift with the winds of change, the enduring partnership between China and Africa—especially Nigeria—remains a powerful testament to mutual respect, shared values, and the pursuit of a common future. On March 7, Chinese Foreign Minister Wang Yi, speaking at the press conference during the 3rd Session of the 14th National People’s Congress, reaffirmed this unwavering bond, declaring that “China and Africa are always good friends, good partners, and good brothers with a shared future.” These words encapsulate the essence of a relationship that has flourished over the last quarter-century and shows no sign of slowing down.

    Over the past 25 years, the partnership between China and Africa has blossomed into a mutually beneficial collaboration that has transformed the lives of millions across the African continent. As Foreign Minister Wang Yi aptly put it, “To African brothers and sisters, China-Africa cooperation is visible, tangible and truly beneficial.” The results are evident in the infrastructure projects, job creation, and economic growth that have become the hallmark of this partnership. China’s commitment to improving Africa’s infrastructure is unmatched. The construction of nearly 100,000 kilometres of roads and over 10,000 kilometres of railways has connected communities, facilitated trade, and spurred economic development. In just the past three years alone, Chinese enterprises have created more than 1.1 million new jobs across Africa. These accomplishments highlight the impact of China’s investments, which go beyond numbers—they represent real, on-the-ground improvements in the lives of Africans.

    Equally significant are the trade ties between China and Africa. In 2024, bilateral trade reached an impressive 2.1 trillion RMB (approximately 280 billion USD), with a year-on-year increase of 6.1%. This marks a staggering 24-fold surge since the inception of the Forum on China-Africa Cooperation (FOCAC). As Foreign Minister Wang Yi noted, “China has remained Africa’s largest trading partner for 16 consecutive years,” reinforcing the steadfast nature of this relationship.

    Among Africa’s many partnerships with China, Nigeria stands out as a key ally. The two nations have worked together to transform Nigeria’s infrastructure, foster economic growth, and promote cultural exchange, laying the foundation for a prosperous future. Their cooperation has not just been symbolic; it has led to concrete, transformative results. Nigeria’s infrastructure landscape has been radically changed by Chinese investments. Projects like the Lekki Deep Sea Port, the construction of four international airport terminals, and the Lagos Blue Line Light Rail are monumental. The Blue Line, inaugurated in January 2023, stands as West Africa’s first electrified light rail, revolutionizing urban mobility. By March 2024, a second light rail line was launched, further improving transportation in Nigeria’s largest city, Lagos.

    These projects symbolise more than just physical transformation. They represent China and Nigeria’s shared vision for the future—one where collaboration fosters sustainable growth. As Foreign Minister Wang Yi emphasised, “China and Nigeria have consistently demonstrated profound camaraderie through practical actions, embodying the spirit of mutual trust and solidarity.”

    Beyond infrastructure, the economic ties between China and Nigeria have also flourished. At the end of 2024, the People’s Bank of China and the Central Bank of Nigeria renewed a bilateral currency swap agreement worth 15 billion RMB (approximately 3.28 trillion naira). Additionally, the China Development Bank financed the Kano-Kaduna Railway with a loan of 245 million euros. These financial partnerships are essential in enabling Nigeria’s continued economic modernisation.

    Agricultural trade is another area of collaboration. Nigerian products such as peanuts, sesame, and cashews have found growing markets in China, benefiting farmers and strengthening the trade relationship between the two countries. The Ogun Free Trade Zone, which has attracted over 140 Chinese enterprises, is a shining example of how both nations are building an interconnected economic future.

    Friendship between nations goes beyond economic and infrastructure ties—it’s deeply rooted in cultural understanding. The relationship between China and Nigeria thrives on this shared cultural bond, with people-to-people exchanges growing stronger every year. As Foreign Minister Wang Yi noted, “The spirit of mutual trust and solidarity” is evident in the cultural exchanges that bring the people of China and Nigeria closer. Chinese and Nigerian communities celebrate each other’s festivals, from the Lunar New Year to the Dragon Boat Festival and the Mid-Autumn Festival. Nigerian artists, including performers from the Huaxing Arts Troupe, have enriched Chinese audiences with traditional dances, drumming, and martial arts. This cultural exchange fosters deeper connections, creating a social foundation that strengthens the ties between both nations.

    Read Also: China-Nigeria bilateral relations boost Africa’s development – Yan Yuqing 

    Looking ahead, the partnership between China and Nigeria is poised to reach even greater heights. As Foreign Minister Wang Yi pointed out, “Africa is a fertile land of hope of the 21st century,” and its modernization is vital to global development. This sentiment reflects a shared understanding between China and Africa that their futures are inextricably linked. The year 2025 marks the beginning of implementing the outcomes from the FOCAC Beijing Summit, which set ambitious goals for China-Africa cooperation. Among the key initiatives, China is committed to supporting Africa in advancing industrialization and agricultural modernisation. This includes the implementation of zero-tariff treatment for 100 percent of tariff lines and fostering new industries in sectors like digital technology, AI, and green energy.

    As President Xi Jinping aptly stated, “If you want to go fast, go alone; if you want to go far, go together.” This African proverb encapsulates the spirit of China-Nigeria relations—a partnership grounded in unity, mutual benefit, and shared aspirations for the future. Both nations are determined to work together toward achieving sustainable development, using collaboration as the foundation for success. China and Nigeria’s cooperation is not only important for their bilateral relations but for the broader vision of global modernisation. As both nations continue to deepen their ties, they are leading the charge in fostering a new era of development for Africa. The mutual commitment to shared prosperity, industrial growth, and technological innovation ensures that China-Nigeria relations will continue to thrive in the coming years.

    With the joint efforts of China and Nigeria, the path toward African modernisation is clear. As they embark on a new chapter of cooperation, both countries are poised to contribute meaningfully to the broader global community, working together to build a shared future for all of humankind. Through unity, determination and unwavering friendship, China and Nigeria are not just shaping their own destinies—they are crafting a legacy of progress for the world.

  • More women to benefit from China-Nigeria relationship, says envoy

    More women to benefit from China-Nigeria relationship, says envoy

    Chinese Ambassador to Nigeria, Yu Dunhai, has stated that more Nigerian women will benefit from China-Nigeria high-quality cooperation under the Belt and Road Initiative (BRI).

    He made this known during the 2025 International Women’s Day (IWD) celebration in Abuja, themed “Her Story and Future,” which aligns with the United Nations’ IWD theme: “For All Women and Girls: Rights, Equality, Empowerment.” The event also marks the 30th anniversary of the Beijing Declaration and Platform for Action.

    Yu emphasized that gender should not be a barrier to human progress, adding that equal access to education and resources enables women to shape history and drive development.

    He said: “Over the years, practical cooperation between China and Nigeria has deepened across various fields, providing many Nigerian women with better medical resources, more agricultural skills, and increased business and entrepreneurial opportunities. Last year, President Tinubu successfully visited China and attended the Beijing Summit of the Forum on China-Africa Cooperation, elevating China-Nigeria relations to a comprehensive strategic partnership.

    “The positive development of China-Nigeria relations is inseparable from the direct participation and active promotion of women from both countries in various sectors. China will work with Nigeria to better implement the consensus reached by our leaders, carry out the Ten Partnership Action Plans, including promoting women’s exchanges, and jointly build a high-level China-Nigeria community with a shared future.

    “I believe more women will benefit from the high-quality cooperation under the “Belt and Road” initiative, realizing their dreams, and creating an even more splendid future.

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    “Over the past 30 years, we have witnessed remarkable achievements by women in political, economic, technological, and cultural fields across the world, as they have written a glorious chapter in Herstory. 

    “Gender has never been a barrier for human exploration. Civilisation, science and technology could always break down prejudices. When women enjoy equal education and fair resource access, they would be able to make history.”

    Speaking on the importance of the role of women in China, Yu said since the establishment of the People’s Republic of China, the Chinese government has placed a strong focus on women’s rights, building a comprehensive legal framework that includes over 100 laws and regulations designed to protect women. 

    This he said reflects in the average life expectancy for Chinese women which is nearly 81 years, and women now make up 45 percent of the workforce.

    Yu said: “China has established a comprehensive legal system to protect women’s rights, comprising over 100 laws and regulations. 

    “The average life expectancy of Chinese women has reached nearly 81 years, and the gender gap in education has been essentially eliminated. 

    “Women account for nearly 45 percent of the total workforce, and in the internet sector, female entrepreneurs outnumber their male counterparts, making up 55 percent of the total.”

    The ambassador further highlighted China’s ongoing political events, particularly the “two sessions” in Beijing, where women actively contribute as representatives and play key roles in national development. 

    On his part, the Acting Permanent Secretary of the Ministry of Art, Culture, Tourism and Creative Economy, Oraeluno Raphael, praised the resilience of women, saying that their crucial contributions across various fields, including agriculture, science, technology, education, and business, while also carrying the weight of the world’s problems on their shoulders. 

    He said, “Whenever a woman is in a position of authority, you will see peace. You will see decorum. You will see things moving.” 

    He also added that this is why people are “clamouring for the first female president. So that this country can experience tremendous development.”

    On her part, the Permanent Secretary of the Social Development Secretariat of the Federal Capital Territory Administration, Olubunmi Olowookere, praised the achievements of women and acknowledged the theme of the celebration, ‘Her Story, Her Future.’

    Olowookere stated that women’s stories are a testament to resilience, courage, and the pursuit of dreams, noting that women have consistently broken barriers and shaped societies. 

    She emphasised the importance of continuing to foster a future where women can thrive, lead, and contribute to all spheres, from science and business to arts and leadership.

    Olowookere encouraged all women present to recognise their value and the importance of their stories. She also acknowledged the support of men who advocate for gender equality, describing them as key allies in advancing the cause.

    She remarked, “Today, we come together not only to celebrate the achievements of women but to recognize the power of their stories in shaping the future as encapsulated in the theme for today’s event.

    “The theme, ‘Her Story, Her Future,’ reminds us that every woman’s journey is a testament to resilience, courage, and the pusuit of dreams. From history to the present, women have broken barriers, challenged norms, and paved the way for future generations. 

    “Their voices, struggles, and triumphs have transformed societies, enriched cultures, and inspired progress. As we honour the past, we must also commit to a future where every woman has the opportunity to rise, lead, and thrive.”

  • China plans $50b investment in, Nigeria, others

    China plans $50b investment in, Nigeria, others

    China has pledged $50 billion investment in Africa for the next three years in keeping with the 10 Memoranda of Understanding signed at the last Forum on China Africa Cooperation (FOCAC).

    This is as the Minister of Information and National Orientation, Mohammed Idris, reaffirmed Nigeria’s commitment to fully implementing the two Memoranda of Understanding signed between the China Media Group and two key Nigerian public broadcasters – the Nigerian Television Authority and the Federal Radio Corporation of Nigeria.

    Chinese Ambassador to Nigeria, Yu Dunhai disclosed the amount of investment during a visit to the Minister of Information and National Orientation.

    In the area of investment, the Ambassador said President Xi Jinping had pledged $50 billion for investment in Africa within the next three years in keeping with the 10 Memoranda of Understanding signed at the last Forum on China Africa Cooperation (FOCAC).

    Yu also commended Nigeria media for being accurate, objective and balanced in their reporting as they strive to present the full picture of events to Nigerians.

    Idris, on his part, said the agreements are designed to strengthen bilateral cooperation in the media and communication sector, thereby fostering deeper collaboration between Nigeria and China.

    He said the MoUs encompass critical areas such as information sharing, content exchange and technology transfer, which will enhance Nigeria’s broadcasting capabilities and enrich the country’s media landscape with global best practices.

    Read Also: China pledges $50bn investment in Africa, strengthens media ties with Nigeria

    “China and Nigeria now on the bilateral level have a very comprehensive level of relationship.  Meaning that we have taken it to the highest level possible and this has also led to the signing of about 10 Memoranda of Understanding in Beijing and two of those MoUs  are actually related to this ministry.  The Nigerian Television Authority, which is the largest television network in the whole of Africa with 100 stations covering this vast territory and reaching over 200 million people.  It’s a very important station and what NTA seeks to do with the relationship with China is to share not just news item but also technology and information sharing that will benefit both countries and we intend to do that. We also have the same thing with one of the largest radio networks in Africa, the Federal Radio Corporation of Nigeria. These two Memoranda of Understanding have already been signed and Nigeria intends to keep its own part of these agreements,” he said.

    The Minister said factual and accurate information dissemination will further strengthen bilateral ties among nations and he sought partnership with China to fight fake news, misinformation and disinformation.

    “Misinformation, fake news and disinformation are a danger to the world and we know that China takes that very seriously. We also in Nigeria take that very seriously.  It’s not only a phenomenon that is peculiar to only China and Nigeria, it’s a global phenomenon and we want to work with China to fight fake news and misinformation and to promote useful information that can help societies to grow,” he said.

    Idris told the visiting envoy that Nigeria enjoys press freedom as a deliberate policy of the Tinubu administration to strengthen democracy through information sharing.

    “The media here is largely free. Of course we have instances of breaches here and there, which we are always glad to work on and to improve.  NIgeria enjoys a high degree of press freedom and we want to keep it so,” he stated.

    The Minister also called on Chinese companies to take advantage of the reforms being implemented by the Tinubu administration and invest in the Nigerian economy.

    In his remarks, Ambassador Dunhai said as the new Chinese envoy to Nigeria, he will spare no effort to deepen the existing ties between Nigeria and China.

    He endorsed the Renewed Hope Agenda of President Tinubu, which is aimed at reforming the nation’s economy for enhanced performance.

    “As the new Ambassador, I am very lucky because I came when Nigeria under the leadership of President Tinubu is dedicated to the Renewed Hope Agenda to make Nigeria a strong nation and China under the leadership of of President Xi Jinping, we are marching towards national rejuvenation through the way of Chinese modernization,” he said.

    Ambassador Dunhai recalled that at the last Forum on China Africa Cooperation in Beijing, Presidents Xi Jinping and Tinubu had agreed to elevate the bilateral relations between Nigeria and China to a comprehensive strategic partnership, which aims to open a new chapter in their relationship.

    He said he looked forward to the realization of the Memoranda of Understanding signed between Nigeria’s two foremost public broadcasters – the NTA and FRCN and the China Media Group, because the media plays an important role in shaping the society.

  • Nigeria and the opportunity of China ‘Two Sessions’

    Nigeria and the opportunity of China ‘Two Sessions’

    By Charles Onunaiju

    During this week, a pivotal and significant event in China’s political calendar would hold in the capital Beijing. It is the full sessions of the country’s top advisory body, the National Committee of the Chinese People’s Political Consultative Conference (CPPCC) and the National People’s Congress (NPC), the country’s top legislature and supreme organ of the state. Both bodies serve five-year terms and hold a plenary session each year. It is the convocation of these two bodies, which meets separately but almost at the same time that has become known as “Two Sessions”.

    As strategic partners with the intent to build “high level China-Nigeria community with a shared future”, it is only natural that both sides strive to understand each other better, using the tool of mutual learnings to deepen strategic knowledge sharing. The opportunities of each other would be understood and explored if both sides understand the unique nature of each other, more comprehensively and proceed from this understanding to enhance bilateral ties.

    The annual convocation of China’s “Two Sessions” is the grand display and structural expressions of China’s inclusive, participatory and consultative political process. The Chinese People’s Political and Consultative Conference is the first institution of modern China in which the governing Communist Party of China (CPC),  eight political parties, and other social forces including ethnic nationalities, persons without political affiliations, women, youths and even overseas Chinese deliberate on key national issues and forge consensus. Until 1954 when the supreme state organ and the country’s top legislature, the NPC was established, the CPPCC filled the legislative gap.

    Because of its historical significance as the key platform of all Chinese people across all walks of life, the CPPCC was retained as a top advisory body and with the passage of time, its role as the classical expression of China’s consultative democratic process has further deepened and its advisory roles in China’s political life and has become emblematic of the country’s whole-process democracy that combine procedures with substantive deliverables, ensuring that governance is not only defined by rules but by the actual delivery of material dividends that contributes and adds to the well-being of the people.

    The National People’s Congress (NPC) is the China’s highest organ of state power, which means that in addition to its responsibility as the country’s top legislature, it exercises the powers to elect national leaders, approve government budgets, national development plans among other functions.

    The “Two Sessions” offers a glimpse to China’s economic direction and it is important as a key partner of China, Nigeria pay attention and to examine the outcomes of the meetings. The government will deliver a report to the NPC which would contain such vital economic priorities as the annual growth target. Alongside the GDP target, the government work report would contain other major economic indicators including the deficit-to-GDP ratio and inflation target and also set development priorities for the year.

    Further vital issues in the government work report will include a plan for national economic and social development of the year and the government budgets would also be reviewed. These would provide a clear picture of China’s policy priorities, development goals and challenges. In addition to offering clarity to a range of issues, which is of interest both to the Chinese and the rest of the world, the NPC would also enact or amend laws particularly those that add momentum to the country’s modernization efforts in the new era.  These include the constitution, the civil code, the supervision law and the foreign investment law.

    In addition to those broad issues, the annual legislative plan would be unveiled as lawmakers review the work report of the NPC standing committee. The standing committee is the permanent organ elected by the full session of the parliamentary body to oversee its routine legislative function for the five-year period of the legislative term.

    In addition to the work report of the government, the Heads of the Supreme People’s Court would deliver its work report detailing the performance of the judicial bodies. Both the NPC and the CPPCC are vital indispensable and effective tools in China’s governance structure and both their supervisory, advisory and legislative roles constitute the core of the country’s consultative democratic process in which inclusivity and consensus-building enables the condition for sustainable national development.

    As a major partner, Nigeria can appreciate better the policy outlines, directions and implications for trade, investments and other issues of cooperation with a better understanding of the vital roles of the key institutions in China’s political and economic process. The advisory role and outcomes of the National committee of the Chinese People’s Political Consultative Conference (CPPCC) are not taken lightly and its representation and composition reflects the inclusive and broad nature of the CPC led multi-party consultative political trajectories whose outcomes includes forging consensus on national goals and priorities and commitment to attain them.

    The unique nature of China’s political system is in the framework which institutions function not only as the structural expression of broadly shared values within the society but governance is epitomized in the shared values and in the common consensus and aspirations for better life for all, enabling both citizens participation and leadership responsibility and accountability. When institutions and its functions emanates from a broadly shared values, obtained through a historic trajectory of deliberate inclusion, it coalesces into an unbreakable national will and becomes a potent force for national development.

    Read Also: Lent/Ramadan: Pray for peace, unity, Olu Alo urges Nigerians

    The Communist Party of China (CPC), opened the way and clarified the path for the construction of China’s national will by building a framework of inclusion through broad and extensive consultation, cooperation and collaboration. The national template of accommodation, inclusion and cooperation in a CPC-led process have proved its viability by the phenomenal growth in China’s national aggregates, influence and global reach but more importantly in the wellbeing of the Chinese people who crossed the historic line of ending extreme poverty.

    The “Two Sessions” may elucidate and clarify contemporary issues of China’s economic directions, crucial targets and figures but it is also a demonstration of China’s national initiative and wisdom to design, own and uphold its institutions established from its own experience, national conditions and social realities.

    As Nigeria is patently troubled by institutional dysfunction, structural ambiguities in its organization and has therefore, historically punched far below its potential, it has become important to reform the existing institutions and reconstruct the institution to reflect the broadly shared values while integrating the values to their fabric and essence.

    China’s political process is uniquely Chinese but it offers ample lessons that political institutions are not articles of commerce lifted out of the shelf to be just taken and transplanted to any place. The viability of any political institution and the processes that enables and sustains it, is a direct consequence of any particular country’s own historical experience, existential national condition and social reality.

    Nigeria and China’s strategic partnership prioritises economic cooperation, governance experience-sharing and international cooperation among many others. However, vigorous mutual learning would help to uncover vital truths that would mutually enrich each other’s perspectives and mutually strengthen their collaboration in their respective struggles for modernization, especially in the new era.

    •Onunaiju contributes this article from FCT, Abuja.

  • China pledges $50bn investment in Africa, strengthens media ties with Nigeria

    China pledges $50bn investment in Africa, strengthens media ties with Nigeria

    China has pledged a $50 billion investment in Africa over the next three years, aligning with the 10 Memoranda of Understanding (MoUs) signed at the last Forum on China-Africa Cooperation (FOCAC).

    Chinese Ambassador to Nigeria, Yu Dunhai, disclosed this during a visit to Nigeria’s Minister of Information and National Orientation, Mohammed Idris.

    Meanwhile, Minister Idris reaffirmed Nigeria’s commitment to fully implementing the two MoUs signed between the China Media Group and Nigeria’s key public broadcasters—the Nigerian Television Authority (NTA) and the Federal Radio Corporation of Nigeria (FRCN)—to enhance media cooperation.

    The $50 billion investment pledge is part of China’s broader commitment to strengthening economic and diplomatic ties across Africa.

    Yu also commended Nigeria media for being accurate, objective and balanced in their reporting as they strive to present the full picture of events to Nigerians. 

    Idris, on his part, said the agreements are designed to strengthen bilateral cooperation in the media and communication sector, thereby fostering deeper collaboration between Nigeria and China. 

    He said the MoUs encompass critical areas such as information sharing, content exchange and technology transfer, which will enhance Nigeria’s broadcasting capabilities and enrich the country’s media landscape with global best practices.

    “China and Nigeria now on the bilateral level have a very comprehensive level of relationship. Meaning that we have taken it to the highest level possible and this has also led to the signing of about 10 Memoranda of Understanding in Beijing and two of those MoUs are actually related to this ministry. The Nigerian Television Authority, which is the largest television network in the whole of Africa with 100 stations covering this vast territory and reaching over 200 million people. 

    Read Also: Emulate China, NEPC, NASENI urge Nigerians

    “It’s a very important station and what NTA seeks to do with the relationship with China is to share not just news item but also technology and information sharing that will benefit both countries and we intend to do that. We also have the same thing with one of the largest radio networks in Africa, the Federal Radio Corporation of Nigeria. These two Memoranda of Understanding have already been signed and Nigeria intends to keep its own part of these agreements,” he said. 

    The Minister said factual and accurate information dissemination will further strengthen bilateral ties among nations and he sought partnership with China to fight fake news, misinformation and disinformation. 

    “Misinformation, fake news and disinformation are a danger to the world and we know that China takes that very seriously. We also in Nigeria take that very seriously. It’s not only a phenomenon that is peculiar to only China and Nigeria, it’s a global phenomenon and we want to work with China to fight fake news and misinformation and to promote useful information that can help societies to grow,” he said. 

    Idris told the visiting envoy that Nigeria enjoys press freedom as a deliberate policy of the Tinubu administration to strengthen democracy through information sharing. 

    “The media here is largely free. Of course we have instances of breaches here and there, which we are always glad to work on and to improve. NIgeria enjoys a high degree of press freedom and we want to keep it so,” he stated. 

    The Minister also called on Chinese companies to take advantage of the reforms being implemented by the Tinubu administration and invest in the Nigerian economy. 

    In his remarks, Ambassador Dunhai said as the new Chinese envoy to Nigeria, he will spare no effort to deepen the existing ties between Nigeria and China. 

    He endorsed the Renewed Hope Agenda of President Tinubu, which is aimed at reforming the nation’s economy for enhanced performance. 

    “As the new Ambassador, I am very lucky because I came when Nigeria under the leadership of President Tinubu is dedicated to the Renewed Hope Agenda to make Nigeria a strong nation and China under the leadership of of President Xi Jinping, we are marching towards national rejuvenation through the way of Chinese modernization,” he said. 

    Ambassador Dunhai recalled that at the last Forum on China Africa Cooperation in Beijing, Presidents Xi Jinping and Tinubu had agreed to elevate the bilateral relations between Nigeria and China to a comprehensive strategic partnership, which aims to open a new chapter in their relationship. 

    He said he looked forward to the realization of the Memoranda of Understanding signed between Nigeria’s two foremost public broadcasters – the NTA and FRCN and the China Media Group, because the media plays an important role in shaping the society.