President Bola Tinubu urges the Chinese government to expand the $2 billion currency swap agreement with Nigeria to strengthen bilateral trade and investment.
He also calls for a reassessment of China’s $50 billion aid plan for Africa to address pressing infrastructure needs.
During a meeting with China’s Foreign Affairs Minister Wang Yi in Abuja, Tinubu emphasizes the importance of increasing the swap deal to support Nigeria’s developmental goals. “The current arrangement is insufficient for our trade and infrastructure aspirations,” he says.
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The president seeks China’s backing for Nigeria’s bid for a permanent seat on the UN Security Council while acknowledging its role in regional security and economic growth.
Wang Yi reaffirms China’s commitment to enhancing trade ties and investing in Nigeria’s infrastructure and job creation. He also supports Nigeria’s inclusion in global economic platforms like BRICS and praises its leadership in articulating Africa’s development priorities.
The discussions reflect a renewed focus on deepening trade and strategic partnerships between Nigeria and China to drive economic growth and stability.
