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China Targets Deeper Nigeria Partnership Amid $20bn Trade Boom

Doris Israel Ijeoma by Doris Israel Ijeoma
January 25, 2025
in Business, News, Politics
0
China Targets Deeper Nigeria Partnership Amid $20bn Trade Boom

China has reaffirmed its commitment to strengthening its partnership with Nigeria, with bilateral trade exceeding $20 billion in 2024. The Chinese Ambassador to Nigeria, Yu Dunhai, highlighted this growing collaboration during the Chinese New Year of the Snake celebration in Abuja on Saturday.

Addressing over 2,000 attendees at the Spring Festival Temple Fair, Dunhai emphasized Nigeria’s importance on the African and global stage, particularly following President Bola Tinubu’s recent state visit to China, which elevated the bilateral relationship to a comprehensive strategic partnership.

“This year marks a significant milestone for China-Nigeria relations. The two presidents agreed to elevate our partnership, and we look forward to materializing this consensus through cultural and people-to-people exchanges,” Dunhai stated.

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Deepening Trade and Cultural Links

Dunhai noted Nigeria’s position as China’s largest engineering contract partner, second-largest export market, and third-largest trade partner in Africa. He expressed optimism about further increasing trade volumes and leveraging the Forum for China-Africa Cooperation to bring tangible benefits to both nations.

The ambassador also highlighted the significance of cultural exchanges, praising events like the Spring Festival Temple Fair for fostering unity between the Nigerian and Chinese communities.

“We organize this annual event to celebrate unity and reflect on our shared aspirations. It is a time for reunification and looking forward to greater cooperation,” Dunhai added.

Nigerian Officials Celebrate Cultural Unity

Acting Permanent Secretary of the Ministry of Art, Culture, Tourism, and Creative Economy, Oraelumo Raphael, lauded China’s efforts in strengthening cultural ties. He stressed the importance of preserving and promoting the rich cultural heritage of both nations.

“The relationship between Nigeria and China is steeped in history and mutual respect. As we celebrate the Lunar New Year, we are reminded of the power of cultural connections in building bridges between our peoples,” Raphael said.

He envisioned a future where Nigeria’s cultural and tourism potential is globally recognized, citing iconic treasures like the Benin bronzes, Nok sculptures, and historical sites such as the Oyo Empire ruins.

Building on Shared Aspirations

Deputy Director of Beijing Municipal Bureau of Culture and Tourism, Xu Tao, praised Nigeria’s vibrant cultural and economic contributions, particularly its globally renowned Nollywood industry.

“Nigeria is an economic and cultural powerhouse. Its unique heritage, coupled with its natural wealth, positions it as a critical partner for China in Africa,” Tao remarked.

As both nations move forward, their shared commitment to cultural, economic, and strategic collaborations is set to redefine their partnership and bring mutual growth.

 

Tags: ChinaEconomic growthNigeriaTrade
Doris Israel Ijeoma

Doris Israel Ijeoma

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