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Nigeria, China to deepen economic ties as Joseph Tegbe meets with Chinese officials

 

Stanley Ihedigbo

 

Director-General of the Nigeria-China Strategic Partnership (NCSP), Mr. Joseph Tegbe, is currently in China to strengthen bilateral relations and promote economic cooperation between Nigeria and China.

The visit aligned with President Bola Ahmed Tinubu’s Renewed Hope agenda, which aimed to explore new development paths and bolster partnerships with key nations like China.

The Partnership DG, with the Nigerian delegation, was at the headquarters of the National Development and Reform Commission (NDRC) of the People’s Republic of China where the NDRC Deputy Chairman received them, Mr. Zhao Chenxin, and other top officials, as well as the Nigerian diplomatic community and the Chinese Business Community.

Tegbe is expected to cement strategic agreements in line with President Tinubu’s vision, with China for national growth and in vital sectors of the economy such as agriculture, to boost food security, alternative energy for developing renewable energy sources, healthcare, mining for harnessing Nigeria’s mineral resources to drive economic growth, education to strengthen Nigeria institutions and promote cultural exchange.

Other areas include technology, fostering innovation and advancement, and the support initiative of China’s Belt and Road Initiative (BRI).

The visit of the NCSP ‘s DG underscores the federal government’s commitment to establishing strong bilateral relations and supporting Nigeria’s economic diversification plans, infrastructure development, technology transfer, and job creation to foster mutually beneficial collaboration between the two nations.

Through this initiative, Nigeria can leverage its resources and human capital to develop key industries, bolster infrastructure, and enhance youth capacity through skills acquisition programmes.

They also visited the CCECC Head Office, had dinner with the CHEC, and will visit the Governor of the Central Development Bank, the Ministry of Foreign Affairs, and the China Export and Import Bank, as well as the China Development Bank. They also met with Power China Representatives.

They will visit the Chief Harbour, the CHEC, CNCEC, and the CCECC Chairman, before moving to the CSCS Haishen Medical, the CCECC, the China Building Materials, amongst others.

They will visit the Consulate General/Trade Mission Office, the Yang Shang Deep Sea Port, and Danghai Bridge (Sea).

They are also expected at Huawei before going to the CEC/ Long UAV for a meeting with Diana Chen on Saturday before returning to Nigeria.

This initiative comes on the heels of President Bola Tinubu’s official visit to China before the 2024 Forum on China-Africa Cooperation (FOCAC), where he had talks with China’s President Xi Jinping on improved economic cooperation, with the latter pledging 360 Billion Yuan, (about $51 billion), financing to African nations in the next three years, and support for 30 infrastructure projects to boost connectivity across the continent.

Last week, Chinese Foreign Minister Wang Yi visited Nigeria to reinforce the growing partnership between China and Africa, especially Nigeria, with discussions on strengthening economic ties, enhancing security cooperation and mutual developmental goals.

As Nigeria, Africa’s largest economy, seeks to become a net exporter to China in the next five years, the consolidated partnership is aimed at playing a crucial role in achieving this goal.

The country also remains China’s major partner on the continent for trade and technology investments.

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