Nigeria, China seal strategic partnership to boost trade, Investment

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In a significant diplomatic move, Nigeria and China have elevated their bilateral relationship to a comprehensive strategic partnership, announced during President Bola Tinubu’s official visit to Beijing on Tuesday.

This milestone was declared after talks with Chinese President Xi Jinping, marking a new chapter in the 50-year diplomatic ties between the two nations.

President Tinubu, representing Nigeria as the Chairman of ECOWAS, expressed gratitude for the warm reception from the Chinese government and emphasized the importance of strengthening relations to foster trade, economic development, and stability in West Africa.

He highlighted Nigeria’s potential as Africa’s largest economy with a youthful population capable of driving substantial growth across sectors.

“This is more than a strategic partnership; it’s a comprehensive developmental alliance that will enhance stability, security, and robust economic progress in West Africa,” President Tinubu said.

President Tinubu reaffirmed his commitment to implementing economic reforms in Nigeria, drawing parallels with China’s transformative economic policies under President Xi’s leadership.

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He assured that Nigeria is actively pursuing sustainable growth through tax, tariff reviews, and other initiatives designed to create a favorable investment climate for international partners.

President Xi Jinping lauded the historical ties between the two nations, emphasizing the importance of strategic cooperation between China and Nigeria as major developing nations. He noted that their collaboration will further enhance China-Africa relations and drive collective progress among Global South countries.

During the visit, both leaders witnessed the signing of several Memoranda of Understanding (MOUs) aimed at deepening cooperation in key areas such as the Belt and Road Initiative, peaceful nuclear energy applications, human resource development, and media exchanges.

These agreements are expected to bolster mutual economic interests and strengthen the foundation of the comprehensive strategic partnership between Nigeria and China.

President Tinubu’s visit comes ahead of his participation in the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC), set to take place from September 4-6, where Nigeria is expected to play a pivotal role in shaping the future of China-Africa relations.

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