Speaking at the event, Chinese Ambassador to Nigeria, Amb. Cui Jianchun, revealed that the Chinese Government will prioritise the areas of policy coordination, financial integration, facilities connectivity, and trade and investment as it looks to facilitate people-to-people cooperation leading to cultural exchanges with Nigerian and China.
He noted that trade and investment as facilitating cross-border investments and supply chain cooperation is part of China’s Belt and Road Initiative (BRI).
Ambassador Cui Jianchun revealed that China’s Belt and Road Initiative (BRI) is a China-led infrastructure project that aims to stretch globally.
He added that the scheme launched in 2013 by President Xi Jinping, has a collection of development and investment initiatives originally devised to link East Asia and Europe through physical infrastructure, and has also expanded to Africa, Oceania, and Latin America.
He revealed that the trade value between China and the BRI countries is two trillion dollars, which Nigeria is part of.
The Chinese envoy also noted that China identified people-to-people cooperation, which leads to cultural exchanges, as one of the main areas of focus in its relationship with Nigeria.
This he says would be implemented through policy coordination ranging from planning and supporting large-scale infrastructural development projects, and financial integration including enhancing monetary coordination and bilateral financial cooperation.