Tag: Nigeria-China

  • Nigeria-China cooperation in 2025 and beyond

    Nigeria-China cooperation in 2025 and beyond

    By Charles Onunaiju

    As the eventful year 2025 draws to a close, it has delivered some vital and practical outcomes in the bilateral cooperation between Nigeria and China. A key flagship of the cooperation between the two sides especially under the iconic Belt and Road framework of International cooperation is the Lekki Deep Seaport in Lagos. Reported to be re-shaping the landscape of Nigeria’s maritime trade and re-positioning the country as regional maritime hub, the latest trade data showed that, it is the country second most crucial port by the values it delivered in trade, just three years after it began operations.

    Recent figures showed the meteoric expansion. Between 1st and 3rd quarters of the year, the youngest port handled an estimated N13.46 trillion in total trade in both imports and exports, signalling a structural shift in the performance of the economy with a more balanced outlook of imports at N7.39 trillion while exports stood at N6.07 trillion. The Belt and Road Initiative (BRI) is a flagship China project of the century and the largest international public goods with more than 150 countries, regions and international organizations as partners, with Africa as the region with largest number of countries as partners of the BRI.

    The first half of 2025 witnessed the highest BRI engagement ever for any six-month period with $66.2 billion in construction contracts and about $57.1 billion in investments. Nigeria’s $20 billion Ogidigbon Gas Revolution park in Delta State on the roll-out for construction underlines the practical outcomes in the Nigeria-China bilateral cooperation under the Belt and Road framework.

    For an incredible year of intense joint strivings to translate many mutual understanding into practical outcomes and advance the progress made in many sectors, the meeting of President Bola Tinubu and the Chinese Ambassador Yu Dunhai earlier this month at the Presidential Villa possibly to exchange views on the rapidly evolving and bourgeoning cooperation between the two sides is a fitting tribute to a year of productive engagement.

    President Tinubu’s successful state visit to China last year and his attendance of the Summit of the Forum on China-Africa Cooperation (FOCAC) makes 2025 very pivotal in the implementation of the various understandings. In the joint statement following the successful state visit, the two sides agreed to establish “a comprehensive strategic partnership and build a high level China-Nigeria community with a shared future, pledging to consolidate mutual trust, expand cooperation and strengthen coordination. These commitments built on the reaffirmation of the two sides to firmly support each other on issues related to their respective core interests and major concerns, particularly on sovereignty and territorial integrity”, has evolved and consolidated as the bedrock of the bilateral cooperation.

    Occasional distractions by the “Taipei Trade Office” in Lagos and their external cohorts have not shaken the firm root of Nigeria-China strategic partnership and the meeting of the president and the Chinese ambassador in a framework of obvious introspections on the outgoing year signalled the deep root of the relations between the two sides.

    In the joint statement during President Tinubu’s visit, the Chinese side would firmly support the Renewed Hope Agenda of Nigeria and the efforts made by the country in maintaining national unity, peace and social stability as well as promoting economic development and improving people’s welfare, while the  Nigeria side would further uphold the integrity of her “One-China Policy” by firmly adhering to the One-China principle, acknowledges that there is only one China in the world, and the government of the People’s Republic of China is the sole legitimate government representing the whole of China and Taiwan is an alienable part of China’s territory.

    These important reaffirmation and further commitments to deepen relations were neither subterfuge nor mere rhetoric. President Tinubu followed his successful state visit to China and his first participation at the Summit of the Forum on China-Africa Cooperation (FOCAC) with the establishment of a special directorate in the Presidency, Nigeria-China Strategic Partnership to follow-up, outline and benchmark critical issues in the evolving trajectories of the cooperation between the two sides and deliver nimble policy approach to engaging the opportunities of the relationship.

    And within the period of the new historical starting point in the relations between Nigeria and China, the 15th Chinese Ambassador to Nigeria, Yu Dunhai arrived to help in shaping and steering the pivotal moment in the two countries engagement. With both sides ready to tap into the opportunities of their mutual engagements, the outgoing year was fruitful not only in maintaining the momentum of their bilateral cooperation, but in the crucial expansions in both the opportunities and outcomes it has delivered so far.

    The Chinese Ambassador, Yu Dunhai and his colleagues have significantly raised the bar in elaborating, clarifying and providing outlines to the context of the bilateral cooperation, thereby giving effect to the ever-broadening scope and the increasing depth in the two countries relations.

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    The outgoing year, being the first in the three-year period of the implementation of the Ten Partnership Action Plans of the last year FOCAC Summit has been quite a defining moment for Nigeria and China. Mutual learnings and sharing of governance experiences have further been mainstreamed through the mechanism of Nigeria-China inter-governmental dialogue, where range of issues for clarification and mutual cooperation are fostered. Outside the governmental circle, China’s vigorous pubic diplomacy, encompassing cultural, think tank, media, political party dialogues have opened fresh vistas and added more impetus in developing and consolidating the strand of value exchanges and sharing between the societies of both sides.

    In June, during the 4th edition of the China-Africa Economic and Trade Expo held in the Chinese Province of Hunan, dedicated exclusively to exposing Africa’s business and products to China, Beijing offered the 100% tariff free entry of nearly all products from all African countries, including Nigeria to the Chinese huge market of 1.4 billion people. The gesture at a time of heightened trade frictions and tariff walls erected primarily by Washington and subtly followed by its other Western partners could not come at a more opportune time for Nigeria and the rest of Africa.

    With a longstanding concern to diversify her trade beyond the dominant crude oil and gas, the Chinese market with a concessional access for Nigeria would fill the gap in the country’s foreign exchange receipt, thereby ameliorating the challenge in the stability of the local currency. When fully tapped, access to China’s huge market have broader implications for structural shift in Nigeria’s economic outlook, in favour of increased productivity, employment and the emergence of important economic and trade corridors while evolving an economy of scale that is both integrated and resilient.

    While year 2025 have consolidated the Nigeria-China bilateral cooperation as significant fabric in the outlooks of both countries, the opportunities of the future trajectories have even greater prospects. Just as anything in its form hardly translates to opportunities and advantages, except deliberately and consciously worked to yield such outcomes of mutual benefits, the future prospects especially in the coming year and beyond would depend on how the two sides further exert themselves.

    More crucially, Nigeria would have to step up in engaging the opportunities especially of the concessional market access, which if properly tapped would drain the swamp of poverty across country through agricultural revitalization and boost in related non-oil exports and help to solve of the some of the issues at the root of the Nigeria’s contemporary challenges with security, stability and social inclusion.

    •Onunaiju is a research director of an Abuja-based think tank.

  • Nigeria-China relations and the Global Governance Initiative

    Nigeria-China relations and the Global Governance Initiative

    • By Charles Onunaiju

    Last July, at the 17th BRICS Leaders’ Summit in Brazil, with the theme of “Strengthening Global South Cooperation and Promoting a more Inclusive and Sustainable Global Governance”, President Bola Ahmed Tinubu called for “a financial restructuring and a re-evaluation of the global social and governance order”, and added that “Nigeria re-affirms its commitment to strategic collaboration that translates into sustainable and inclusive development for all”.

    Now, an important opportunity and strategic platform has offered itself for Nigeria to translate her resolve and “commitment to strategic collaboration” into practical action that would give effect to “sustainable and inclusive development”.

    At the recent summit of the 25th Heads of States Council of the Shanghai Cooperation Organization (SCO) held in the Chinese city of Tianjin, Chinese President Xi Jinping proposed the Global Governance Initiative (GGI), and expressed China’s resolve to “work with all countries for a more just and equitable global governance system and advance toward a community with a shared future for humanity”. He went further to outline the essential and basic features of the proposed Global Governance Initiative to include first and foremost, sovereign equality, which recognizes the equal weight and stake of all states in the international system which must translate to inclusive decision-making and equitable participation of all state actors thereby giving effect to the democratisation of the international system.

    Additionally, the initiative holds that the representation and voice of the developing countries should be further enhanced and this clearly aligns with Nigeria’s and Africa’s long standing demands for the reform of key international institutions to reflect the realities and especially, the coming into reckoning of Africa and other countries in the Global South to the emerging multi-polar international order.

    The Global Governance Initiative (GGI) also calls for unconditional adherence to the United Nations system as the embodiment of universally recognized expression of the law and rule-based system of international intercourse, while cautioning that “the house rules of a few countries must not be imposed on others”.

    Read Also: FG pledges to strengthen trade integration, expand industrial capacity

    The Global Governance Initiative (GGI) further emphasize multilateralism which shall be entrenched in the architecture of global governance system that would be characterized by “extensive consultations and joint contribution for shared benefit”, and further reaffirmed the centrality of the United Nations, whose authority and key role is irreplaceable in global governance. The proposed framework for global governance underscored the fact that the initiative would not be just about the “games nations play”, but should be one that “ensures that the people of every nation are the actors in and beneficiaries of global governance, so as to better tackle the common challenges of mankind. Only the People-centred approach to global governance can guarantee and deliver tangible results.

     The fifth leg of the proposed Initiative would focus on “taking real actions” that produce tangible results.

    Traditional international forums are usually characterized as platforms for grandstanding and diplomatic circus- show where actors say what they did not mean and with little effects on delivering tangible outcomes. Nigeria and Africa have been on the receiving end of international grandstanding and highfalutin Western proposals that deliver little or nothing in practice.

    For example, in 2013, U.S President Barack Obama launched Power Africa Initiative, meant to double access to electricity in Sub-Saharan Africa where estimated 600 million people lack access then. This year, (2025) the U.S government shut down the Power Africa Initiative for persistent failure to meet targets and lack of significant progress. A report in 2019 revealed that Power Africa Initiative overstated its achievements, with many projects and energy deals, never materializing and most of modest new connections then, coming from mere hand-held solar lanterns. Even, the U.S -led Build Back Better (B3W) world, a project to supposedly address and support global infrastructure deficit and rival China’s Belt and Road Initiative, fell apart before its one year anniversary for zero funding outlay.

    in the proposed initiative on global governance, actions will speak louder than words. The Chinese leader said that “the Global Governance Initiative would adopt a systematic and holistic approach, coordinate global actions, fully mobilize various resources” to strive and bring about more visible and practical outcomes. The new map of global governance envisaged by the initiative, would uphold the original commitment to peaceful co-existence, build and strengthen confidence in win-win cooperation and more crucially, advance forward, in line with the trend of history and also thrive, as it keeps pace with the times.

    Nigeria-China comprehensive strategic partnership declared by the two sides during President Tinubu’s state visit to China last year would now more effectively function as an important platform to advance their shared vision of global governance reforms, whose important features have been meticulously articulated in the Global Governance Initiative (GGI).

    As it is remarkably well known, China’s Initiatives are not empty talks or political grandstanding because they are issued from an in-depth and rigorous study of the subjects in question, in all their historical dimensions and reflect the trends that shape contemporary human prospects and outlook. The Belt and Road Initiative (BRI), an outstanding international public goods for which over 150 countries are currently in partnership, with more than a decade of seamless operation and China’s investment of more than $1 trillion exemplifies the successful practice of “extensive consultations and joint contributions for shared benefits”.

    Nigeria and China have elaborate consultative mechanism through the institutionalized process of inter-governmental dialogue, which have enriched bilateral cooperation between the two sides and enabled misconceptions of understanding and challenges in cooperation to be solved through more cooperation and not less. In the specific instance of the proposed GGI, the mechanism for extensive bilateral cooperation between the two sides can be used to mutually enrich the vision of global governance reforms and methodically advance it on the global platform because it reflects the shared concerns of both sides.

    The initiative resonates with Africa’s historical calls for equitable and inclusive international system that is both non-discriminatory and fully democratic. It also reflects, Africa’s concerns that the international governance system should solve real problems, and produce practical outcomes, as a meaningful response to the many challenges confronting humanity. There is a common understanding that humankind is becoming a community of shared future and the corollary to this understanding is that a global governance mechanism that would adequately respond to these challenges must be inclusive and broadly participatory and the initiative on global governance provides an outline for such important undertakings.

    The vision of the common humanity can be more practically realized within the framework of a global governance apparatus that reflect both the general and common will of all the peoples, whose most extant institutional representation is currently the United Nations system.

    The Global Governance Initiative has come at a very opportune time when humanity is at a crossroad and the choice it has to make is both grim and optimistic and a buff of fresh air has just emerged to compel humanity in the direction to work not only for self-preservation but collective security with the obvious dividends of universal peace and shared prosperity.

    •Onunaiju is research director of Abuja based think tank

  • NGX Group, SEC to deepen Nigeria-China financial ties

    NGX Group, SEC to deepen Nigeria-China financial ties

    Nigeria’s leading capital market institutions have launched strategic initiatives to deepen cross-border investments, especially between Nigeria and China.

    Nigerian Exchange Group (NGX Group) and Securities and Exchange Commission (SEC) stated that their current engagements in China reflected a broader drive to strengthen Nigeria’s connectivity to global financial markets and attract new investment flows.

    This commitment was demonstrated at the China-Africa CEO Dialogue, organised by Choice International Group in strategic collaboration with NGX Group. The event took place on the sidelines of the 4th China–Africa Economic and Trade Expo in Changsha, where NGX Group, SEC, and other leading African institutions engaged Chinese corporates, regulators, and financial institutions to explore mutually beneficial partnerships.

    Group Managing Director, Nigerian Exchange Group (NGX Group) Plc, Temi Popoola, reaffirmed commitment to fostering cross-border capital market partnerships noting that deepening capital market partnerships is key to unlocking new investment corridors between Nigeria and China.

    READ ALSO; Tinubu’s 2027 landscape: Reform, resistance and the road ahead

    He highlighted NGX Group’s engagement with institutions such as the Shanghai Stock Exchange and Hong Kong Stock Exchange, aimed at creating pathways for Chinese corporates to raise capital locally, whether through bonds, commercial papers, or equity, to help mitigate currency and operational risks while driving growth in key sectors like manufacturing, ICT, and automotive.

    He said: “Financial flows are often the missing link in many China-Africa engagements. By opening these corridors, we are positioning Nigeria as a hub for cross-border investments and supporting the country’s economic diversification agenda”.

    Director General, Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, said Nigeria remains committed to providing a safe, transparent, and enabling investment environment.

    “Our job is not just to provide the framework, but to assure investors that if they come to Nigeria, they’ll find justice when they need it. Transparency and credibility are key to building investor confidence. While risk is inherent in every business, our role as regulators is to mitigate those risks and ensure a level playing field,” Agama said.

    Group Chairman, Nigerian Exchange Group (NGX Group) Plc, Alhaji Umaru Kwairanga said the strategic engagements in China were testament to NGX Group’s ambition to position Nigeria as Africa’s investment gateway.

    “At NGX Group, we believe the capital market is pivotal to unlocking Africa’s potential. Our engagement in China reflects our commitment to building bridges between Nigeria and key global markets to deliver long-term prosperity for our stakeholders,” Kwairanga said.

    He noted that the dialogue underscored the importance of capital markets in facilitating trade, technology transfer, and industrial development between China and Nigeria.

    According to him, both NGX Group and SEC remains committed to championing capital market diplomacy as a tool for sustainable economic growth.

  • NCSP, NSDC to foster Nigeria-China collaboration, transformation in sugar sector

    NCSP, NSDC to foster Nigeria-China collaboration, transformation in sugar sector

    In a move aimed at achieving significant transformation of the Nigerian sugar sector, the Director-General of the Nigeria-China Strategic Partnership (NCSP), Joseph Tegbe has hosted a delegation of the National Sugar Development Council (NSDC) led by the Executive Secretary, Mr Kamar Bakrin.

    The working visit focused on fostering collaboration between the two organizations and exploring opportunities for partnerships to transform the Nigerian Sugar sector through Nigeria-China Collaboration.

    While receiving the delegation, the DG NCSP noted the huge potentials of the Nigerian Sugar sector and lauded the commitment of the management of the NSDC led by Mr Bakrin.

    Read Also: Lagos, private sector begin exchange programme for workers

    He added that the goal of the collaboration is to leverage Chinese technology and expertise to boost Nigeria’s sugar production, meeting both local demand and the requirements of target global market.

    China, a significant player in the global sugar market, currently import an estimated 5 million metric tonnes of sugar annually, valued at $10 billion in addition to its domestic production of 10.5 million metric tonnes.

    The local sugar market, valued at $2 billion annually, is projected to benefit from a transformed sugar sector. In addition, the country could potentially acquire a substantial share of the global market, where sugar imports by China is currently valued at $10billion.

    The NSDC aims to position the Nigerian sugar sector as a beneficiary of the comprehensive strategic partnership between Nigeria and China.

    This will involve the deployment of modern technology, conversion of by-products, training of farmers on modern skills, and technology transfer, as well as access to low-interest financing to fund the development of new sugar production estates and ventures.

    As Nigeria seeks to boost its sugar production, this collaboration is expected to play a crucial role in achieving this goal, which is part of the second phase of the Nigeria Sugar Master Plan (NSMP).

    This initiative aligns with President Bola Ahmed Tinubu’s Renewed Hope agenda, which prioritizes economic growth and development. The NCSP, led by Joseph Tegbe, is committed to deepening the partnership between Nigeria and China, and this collaboration with the NSDC marks a significant step in this direction.

    The delegation of the NSDC included Ms Edirin Akemu, Head of NSDC’s Strategy and Performance Management department, and Mr Teslim Bello, Head of Executive Secretary Office Department.  

  • Nigeria-China Strategic Partnership chief visits China

    Nigeria-China Strategic Partnership chief visits China

    Director-General of Nigeria-China Strategic Partnership (NCSP), Joseph Tegbe, has embarked on a two-week visit to China, to further  comprehensive strategic partnership between Nigeria and China.

    Tegbe was received by representatives of Chinese Business Community and officials from Nigerian Embassy.

    He met with CSSC Holding Limited, manufacturer of medical equipment, to discuss upgrade of selected teaching hospitals in Nigeria. Tegbe also visited National Development and Reform Commission, and was received by Deputy Chair, Zhao Chenxin and top officials.

    Read Also: Nigeria stands to benefit from $136bn AI gains, says WTO DG

    At the embassy, the delegation met Nigerians, as well as some visiting Chinese Business Community members.

    He visited China Civil Engineering and Construction to discuss infrastructure growth.

    Tegbe will  meet more Chinese officials and seal pacts to bolster  Nigerian economy in agriculture, alternative energy, mining, healthcare, education and technology transfer.

    Tegbe’s visit underscores the commitment of both nations to deepen their economic cooperation and foster sustainable development.

  • What shared Oct. 1 National Day means for Nigeria-China relations

    What shared Oct. 1 National Day means for Nigeria-China relations

    • By Olalekan A. Babatunde

    October 1, is the National Day of both Nigeria and China. There are significant similarities to highlight and in which both countries need to care for in their relations. While the day marks Nigeria’s proclamation of independence from the British on October 1960, the Chinese is marking their 74thNational Day as the founding of the People’s Republic of China that was proclaimed by Mao Zedong, the chairman of the Chinese Communist Party (CCP), on October 1, 1949, in Tiananmen Square, Beijing. This predates Nigeria’s independence by 11 years. Nigeria celebrates its 63th anniversary. 

    It is a work-free day in both countries, with various spectacular celebrations, deeply rooted in history and tradition. Nigeria often commemorates the day with pomp and pageantry while the first week of October is used to be holiday for businesses to enjoy rest and relaxation in China.  Both also recognize and award outstanding personalities especially the individuals and groups who helped promote Nigeria-China friendship.

    Besides the national day, Nigeria and China share many significant moments in the past that have helped to better understand each other towards fostering closer ties that began in 1971. Their commitment to build community of shared future and development has always been guided by their turbulent history.  Because of the two countries’ shining potential, external imperialist aggression, invasion, and colonialism in the case of Nigeria are a few of the inglorious episodes of their encounters in the quest for freedom and nation building. 

    They have experienced dramatic shifts in power. Nigeria has had ambitious military juntas who interrupted democratic rules while China saw shifts in power between rival factions and the disintegration of empire through corruption and political subterfuge, and the cyclical rise of ambitious leaders to found new empires. This history has profoundly formed the basis of a trustful acceptance of relationship.

    As the Chinese Foreign Minister, Mr Wang Yi said during his visit to Nigeria in January 2021, “As a major African country, Nigeria has always occupied an important position in China’s diplomacy in Africa.” Hence, both have demonstrated mutual understanding, mutual trust and mutual support to their 52-year old diplomatic ties. 

    As the most populous countries and largest economies in their regions, Nigeria and China have come to understand that it is important to lead the way in multilateral engagements towards making life better for their citizens and humanity in general. Both have exerted their interests and influence in their regions. Their nationals are among the most gifted, astute and dexterous workforce on earth, highly mobile and can be found in all parts of the world engaging in one task or the other. So one can assert that their shared national day dynamics interconnected with their demographics, markets, economies and national aspirations. 

    Read Also: Independence Day: Fed Govt to honour Akinkunmi, 10 others

    In areas of their bilateral and multilateral engagements, both have shared a common narrative and their foreign policy objectives have aligned. Examples are non-alignment groupings and anti-imperialist struggles. They often stand together side by side to oppose hegemonic tendencies either in the United Nations or other multilateral groupings like the FOCAC and Belt and Road Initiative (BRI) because of their common understanding of the global geopolitical threat to developing countries. Nigeria and China took fast and coordinated actions against Covid-19 to curb its spread, and in the uproar that followed the alleged mistreatment of some African migrants in Guangzhou in 2020. Nigeria led Africa to mitigate the threat of division and misunderstanding.

    In a retrospect of the 52-year old cooperation, Nigeria-China relationship has blossomed over the decades and both are drawing lessons from one another in every area of human endeavour. It is easy to say the relations have been mutually beneficial to both sides. Being a developing country, Nigeria is drawing a lot of opportunities from the world’s second largest economy ranging from manufactured goods, expertise, funding to aid from China and in return, providing suitable business climate as well as a huge source of mineral resources and market for Chinese industries and imports. But on the other side, the day shows the unequal development in both countries. As an industrialized nation, famous for its visionary ideas and ground-breaking infrastructure, China eliminated absolute poverty and high unemployment while Nigeria is still on the journey to address the challenges.

    That is why it is crucially important that amid the celebrations, Nigeria and China should reflect on their cooperation. Nigeria has a greater role and responsibility in this regard. The day could be a starting point of long-term commitment to pull resources together to transform their annual historical day into a reflection of more strategic cooperation that promises to reduce poverty, hunger, illiteracy, crime, violence and corruption in Nigeria.

    In the current development paradigm, China should continue to share its lessons and challenges just as Nigeria can learn from its experience of rapid development. More than national day is at stake if the two countries would not reflect on their cooperation trajectories and uncover more of their bilateral potential and recreate trust to especially wean Nigerians off corruption, poverty, illiteracy, disease, violence and poor governance.

    In a time of global toxic leadership and enormous challenges, Nigerian and Chinese leaderships should listen more to each other and be guided by moral responsibility. Fortunately, President Bola Ahmed Tinubu will soon visit Beijing to strengthen the relations and attract investment. 

    Therefore, both countries should through a shared approach continue to guide the good relationship by showing resilience and solidarity for each other, especially in the context of the multipolar world. The deeper and more enduring diplomatic relations between Nigeria and China are, the more the national day will remain as a bridge between the Nigerian and Chinese people. It is believed that this national day will pave the way for more fruitful cooperation and mutually beneficial initiatives in the years to come. 

    Diplomatic relations is better fostered when partners learn from their history. It will serve Nigeria and China better if they remain committed to their historical development so as to promote partnerships that will contribute to their sustainable development and build a global community of shared future of all peoples, all countries and all individuals.

    • Dr Babatunde is a Fellow at the Nigeria’s Institute for Peace and Conflict Resolution.
  • Nigeria-China $70b trade volume gets boost

    Nigerian and China bilateral relations got a boost when more than 200 Chinese companies attended a three-day China Homelife Fair in Lagos.

    The Chinese firms were on a trade mission to expose themselves to the country’s manufacturing environment and strike deals with state governments and others who desire to go into joint ventures.

    ELAN Nigeria Chief Executive Officer and Project Coordinator of the Fair, Jude Chime, urged participants to leverage the meeting to explore joint ventures that would aid local production rather than importation, adding that bilateral relations between both countries were over $70 billion and can be more if properly harnessed.

    Chime said the fair was organised to bridge the gap between Chinese manufacturers, who are seeking to expand their footprints in the country and the West African region.

    According to him, some manufacturers are looking at backward integration in the production of certain electronic items in the country.

    He said: “We have over 200 manufacturers representing China. The purpose is not to make sales, but to meet with stakeholders in the investment sector to explore opportunities on how to create an investment hub where manufacturing activities can take place.

    “One of the companies from Shenzhen that is into production of television will be offering some Semi-Knocked Down (SKD) aspect of the television to start production in Nigeria.

    “They will be meeting with some stakeholders to see how to exploit the project so as to bring down the production cost of television in Nigeria and in the West African region.”

    Read Also: Still on Nigeria-China currency swap

    Chime explained that the essence of the exhibition was to promote investment, noting that China and Nigeria had always had a great level of relationship in terms of trade and that he believes the exhibition will aid trade growth from the present level.

    The project coordinator added that only the original Chinese manufacturers were the ones being admitted for the expo. The over 200 companies at the three-day China Homelife Fair were all manufacturers.

    There were no middle men or traders, according to the Chief Operating Officer, Meorient International Exhibition Co., Binu Pillai, who noted that this year’s fair attracted more exhibitors than in 2018.

    On the purpose of the fair, Pillai explained that the Chinese manufacturers were in Nigeria to deepen their investment, saying: “Last year, we had over 140 exhibitors, and this year there is about 15 per cent increase.

    “The acceptance of Chinese products is increasing in Nigeria. Most of the exhibitors are here to deepen their investment in Nigeria and to see the market for themselves. There are no traders at the exhibitors. We only have manufacturers here, who can negotiate the price and think of the best market penetration strategy,” he added.

    Pillai continued: “Chinese businesses are looking for opportunities to come here and expand their horizon. We also want to work on that negative impression of substandard products associated with products originating from China.

    “That is why we do not have either middle men or traders in this fair. There are a lot of electronic manufacturers, who are eager to come here to set up their factories to produce quality products. We are hoping that before we leave, we will tidy up a lot of businesses and agreements for the good of both countries.”

    Special Adviser to the Enugu State Governor on Small and Medium Enterprises and Investment Promotion, Anayo Agu, urged participants to take advantage of the technology that can be transferred to aid local production.

    “We have told the Chinese manufacturers to start some local production as the days of importation are over, even as such practice remains unsustainable. Nigeria is a gateway to many African countries and we have to position ourselves for local production,” he added.

    Agu, however, regretted that most Nigerian businesses are finding it difficult to think in the long term and change from the usual 90 days turn around. He added that the only way to check unemployment, restiveness and insecurity is to provide jobs and opportunities for young people.

  • Beijing Summit will strengthen Nigeria-China relations, says envoy

    The Chinese Deputy Ambassador to Nigeria, Mr Lin Jing, has said the Forum on China-Africa Cooperation (FOCAC) Summit, scheduled for September in Beijing would strengthen Nigeria-China bilateral relations.

    Jing, who made the statement on Friday in Abuja at a roundtable on the summit said that the event would consolidate the agenda of the Belt and Road initiative.

    Belt and Road is a massive trade and infrastructure project that aims at linking China with dozens of economies across Asia, Europe, Africa and the Oceania.

    According to Jing, the FOCAC summit would bring Chinese and African leaders together to discuss China-Africa cooperation in the new era.

    He said that the leaders would focus on jointly advancing the Belt and Road initiative and turning China and Africa into a community with a shared future.

    “By aligning the Belt and Road initiative with UN-s 2013 agenda, the AU 2063 and development strategies of individual African countries.

    “We will give wing to China-Africa cooperation to develop at an accelerated pace.

    “We firmly believe the forthcoming summit is bound to be great success which will deliver bountiful benefits for both Chinese and African peoples.”

    The envoy added that the initiative would provide a new opportunity to synergize China and Nigeria development strategies.

    “In our new endeavour to build a global community with a shared future, Africa is an indispensable partner,” he said.

    The Desk Officer for Asia-Pacific in the Ministry of Foreign Affairs, Mr Aminu Abdulhameel, noted that Nigeria-China diplomatic relations had been on for 47 years.

    “There have been many attempts by both governments to consolidate this relationship.

    “We believe in foreign affairs that Road and Belt initiative under FOCAC is going to provide avenue for the relationship to be further strengthened.

    “We will ensure that China and Nigeria relationship is taken to a better height. The summit will provide an avenue for Africa and China come together to further strengthen relationship,” he said

    Mr Simon Ileuma, the Deputy Director International Cooperation in the Ministry of Budget and National Planning, said that China had played a key role in the development of Nigeria’s economy.

    He said that the Chinese government had been supportive to the Nigerian economy and that Nigerians should explore the opportunity provided by the forthcoming FOCAC. (NAN)

  • Nigeria-China partnership on infrastructural development, boost for tourism, says Minister

    Nigeria-China partnership on infrastructural development, boost for tourism, says Minister

    The Minister of Information and Culture, Alhaji Lai Mohammed, has said the partnership between Nigeria and China in infrastructural development will solve domestic tourism in the African nation.

    The minister spoke yesterday in Abuja when he hosted the Chinese Ambassador to Nigeria, Mr. Zhou Pinson.

    Mohammed said: “I think China is a good example of how domestic tourism can propel and trigger the economy. But for domestic tourism to prosper, of course, you also need improved infrastructure. This is why we are so glad that China is collaborating with Nigeria in the area of infrastructure, such as roads, power and railways.”

    The minister expressed delight at the bilateral relations between Nigeria and China, which he described as mutual and sincere.

    He said China remained  one of Nigeria’s strategic partners because of its genuine commitment and passion towards the country.

    Mohammed said the cultural ties between the two countries could be strengthened, especially in film and cinematography.

    The minister reiterated his earlier request for the screening of Nigerian movies in China.

    He said the screening of Nollywood movies in China would reciprocate Nigeria’s gesture towards Chinese movies, which are shown in Nigeria.

    Mohammed said such gesture would be a deliberate strategy to ensure better understanding between the two countries while creating a market for Nigerian films in China.

    The minister underscored the critical role which discipline played in the Chinese cultural revolution, saying Nigeria would key into it to further enrich its National Re-orientation Programme: Change Begins With Me.

    He said: “One of the major strengths of China today is discipline, it’s ethics and respect for values. This is exactly what we are trying to achieve through our ‘Change Begins With Me’ Campaign.”

    The Minister said even in the area of media and entertainment, China is closely linked with Nigeria through the partnership between the Nigerian Television Authority and Star Times, and acknowledged that China also offered a loan of $500 million to revamp and upgrade the broadcasting industry in Nigeria.

    In his remarks, the Chinese Ambassador to Nigeria said culture and people-to-people relations are part of the ten priority areas which China is exploring to foster relations with Nigeria.

    He said China has opened discussion with the Minister towards the building of Nigerian China Cultural Centre in Nigeria to further promote the cultural ties, which will boost communication and understanding between the two countries.

    “What we wish to do with Nigeria we have outlined in the four cardinal framework and we have the bilateral document with this esteemed ministry. So, cultural activities, personnel exchanges, skills training and capacity building we wish to have firm foundation in these fields and we wish we could do more in these fields with Nigeria,” he said.

  • Nigeria-China trade volume hits $16b, says Ambassador

    Nigeria-China trade volume hits $16b, says Ambassador

    The Nigeria’s Ambassador to China, Olusola Patrick Onadipe, yesterday said trade volume between the nation and China rose from $3billion to $16billion in eight years.

    He said Nigeria’s foreign policy had expanded beyond the Afrocentric policy it pursued between the 60s and the 90s.

    Onadipe spoke at the opening of a training session on Economic Diplomacy in Beijing for 30 Nigerians. It is organised by the Academy for International Business Officials(AIBO).

    He said Nigeria remains open to international investors in line with its new change in foreign policy focus.

    Represented by Mr. Euche Abu Obe, the Ambassador said: “Our engagement with China has recorded positive trend. The trade volume between the two nations has grown from $3billion in 2006 to $16billion in 2014.

    “For many years, Nigeria favoured a foreign policy that was largely Afrocentric. This was then necessitated by the need to rid Africa of colonial rule which had been largely achieved.

    “The end of apartheid in South Africa has made Nigeria to be more interested in the affairs of the world as envisioned in 1960 by the nation’s late first Prime Minister, Sir Tafawa Balewa.

    “We are ready to continue to promote economic cooperation between Nigeria and many countries. We want to open our economy to others because we have huge potential. We will encourage the Nigerian Investment Promotion Council (NIPC) and the Nigerian Export Promotion Council (NEPC) to achieve this global perspective.”

    The Vice President of AIBO, Mr. Zou Chuanming, said since 1998 about 20,000 people, including ministers all over the world ,  from 106 countries had benefited from 800 training sessions of the institute as at March 2015.

    He said since 1971, China has had a robust diplomatic relationship which is still being cemented.

    He said: “The two nations have similarities to make their diplomatic relations sustainable. China and Nigeria are both regional powers with large population and they are also developing nations.

    “These traits have assisted the two countries since 1971 to develop economic relations steadily and healthily. We are ready to cement the diplomatic relations for the benefit of our people.”

    The Minister of National Planning, Dr. Suleiman Abubakar, said: “The major lesson we as Nigerians can learn from this great Asian country is that  huge population is an asset and not a liability.

    “China, reputed to be one of the nations with high population density running into billions, has succeeded in using it maximally rather than seeing it as a disadvantage.

    Represented by his Special Assistant on Media, Alh. Abdurrahman Abdulrauf, the Minister also said China had achieved the feat of a global player because of less emphasis on certificate.

    He added: “Further to this, China, from history flourishes as a result of its emphasis on skill rather than certificate. This is one area we should explore critically.

    “ Laying emphasis on certificate rather than skill will not carry us anywhere. This is why the administration of President Goodluck Jonathan has continued to give attention to artisans through a revolving loan to the small and medium scale industry owners.”

    He pleaded with the incoming administration of the President-elect to sustain some of the poverty alleviation programmes of Jonathan administration.

    The Minister said: “For effective management of the economy, the incoming government cannot afford to jettison some of the poverty alleviating programmes of the outgoing administration.

    “While one cannot totally rule out some of the present policies, throwing away the baby with the bath water won’t do the incoming government and the entire Nigerians any good.

    “The National Integrated  Master Plan(NIMP), like any other project, must be worked on to achieve the right result because it is neither about President Goodluck Jonathan nor the President- elect, Gen. Muhammadu Buhari. Rather, it is all about Nigeria.”