Nigeria Woos China to Advance Economic Diversification Agenda
The Federal Government on Thursday, called for deeper bilateral cooperation with China towards advancing Nigeria’s economic diversification agenda.
The Minister of State for Foreign Affairs, Amb. Bianca Odumegwu-Ojukwu called for the cooperation in a statement following the visit of the Chinese Ambassador to Nigeria, Yu Dunham to the Ministry.
In the statement by Magnus Eze, the minister’s Special Assistant on Communication and New Media, Odumegwu-Ojukwu described China as one of Nigeria’s largest trade partners, saying the two countries have a long history of economic cooperation.
According to her, Nigeria is hopeful that China’s support will further strengthen not only the robust relationship that has been existing between the two countries for decades but the President Bola Tinubu administration’s Renewed Hope Agenda which seeks to reposition the nation’s economy through diversification.
The minister expressed Nigeria’s commitment to expanding cultural relations with China. She acknowledged that many Nigerian youth were showing increasing interest in learning to speak the Chinese Language. “It is quite interesting that a large population of Nigerian youth is inching towards speaking the Chinese Language.
“Many Nigerian universities are desirous of offering the Chinese Language as a course. Chinese has become a language of trade in the world. “Nigeria and China will continue to relate not just bilaterally but multilaterally. “We expect that we will continue to get the support of China, and we will always reciprocate that multilaterally.
“In line with President Tinubu’s policy to industrialise Nigeria, we expect China’s cooperation to enable us to establish assembly plants for electric vehicles.
“Also digital communication, renewable energy, all aspects of digital technology, and agriculture because of food insecurity.
“Government is interested in seeing that food gets to the poorest of the poor. Government is not just talking about food but has established a separate Ministry of Livestock,” she said.
She, thereby, underscored the need for Chinese government to remove trade tariffs for Nigeria as it has done for 33 other African countries to encourage people-to-people exchanges between both countries.
Earlier, Yu described the ties between Nigeria and China as one that would continue to grow and expand. Yu praised Nigeria for being a great and strategic partner to China.
He said President Tinubu’s first official visit to China and his participation in the Forum of China-Africa Cooperation (FOCAC) helped to strengthen the relationship between the countries.
According to him, the two countries have worked collaboratively in several areas such as road construction, railway modernisation, power, industrial parks, and the Lekki Sea Port, among others.
He said the volume of trade between Nigeria and China surpassed 21 billion dollars in 2024, while Nigeria’s export to the country exceeded 25 per cent.
According to him, with the manufacturing sector of the economy being central to industrialisation, the recently renewed 2 billion dollars currency swap in area of financial cooperation would strengthen cooperation, promote bilateral trade, and investment between both countries.
“We have a comprehensive strategic partnership with Nigeria. China would want Nigeria to play a big role in the international scene. “We want Nigeria to become a member of G-20. These will all provide opportunity for China and Nigeria to further work closely. “China has been consistent. We give grant to many African countries and we don’t give any conditions,” Yu said. #Nigeria Woos China to Advance Economic Diversification Agenda#
