Breaking news from 9am news Nigeria: China and Nigeria have committed to deepening their economic ties, signing agreements on nuclear energy, media exchanges, and infrastructure development ahead of the Forum on China-Africa Cooperation. In Beijing, Chinese President Xi Jinping and Nigerian President Bola Tinubu announced the elevation of their nations’ relationship to a “comprehensive strategic partnership” just before the three-day summit kicks off on Wednesday.
Xi Jinping emphasized that strengthening the strategic coordination between China and Nigeria, both major developing countries, will inject fresh momentum into China-Africa relations in this new era, leading to shared progress among Global South countries. The Chinese State Council reported that Tinubu expressed a desire for Nigeria to become China’s largest trade and investment partner in Africa. He also encouraged Chinese companies to increase investments in Nigeria, particularly in agriculture, manufacturing, and mineral energy, contributing to poverty reduction efforts.
The Governor of Kwara State and Chairman of the Nigeria Governors’ Forum (NGF), AbdulRahman AbdulRazaq, alongside Governor Uba Sani, Governor Babajide Sanwo-Olu, and other top officials, joined President Bola Ahmed Tinubu in a high-level meeting with Chinese President Xi Jinping.
Tinubu highlighted that this partnership will foster “robust development, stability, and security.” He mentioned that Nigeria is actively reforming its economy through tax and tariff reviews, making it easier for trading and investment partners to operate in the country.
Furthermore, China has identified Africa as a key region for its Belt and Road Initiative, with Chinese companies signing contracts across the continent worth over $700 billion between 2013 and 2023. In Nigeria, the Export–Import Bank of China is financing 85% of the $5.8 billion Mambilla hydroelectric plant, set to be the country’s largest power plant upon completion in 2030.
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