Connect with us

News

China-Nigeria Relations Poised for Growth Amidst Global Reforms

Published

on

…as stakeholders say partnership key to economic and cultural growth
By Gloria Ikibah
As a fallout of the just concluded Forum on China Africa Cooperation (FOCAC) held in Beijing, China, which had President Bola Tinubu of Nigeria in attendance, the Chinese Embassy in Nigeria has held a seminar focused on “Taking New Opportunities for China-Nigeria Cooperation in Deepening Reform in a New Era”.
During this recent visit, in addition to economic cooperation, President Xi Jinping of China and Nigeria’s President Bola Tinubu, agreed to elevate bilateral relations to a comprehensive strategic partnership and this agreement is expected to deepen political trust and strengthen cooperation in trade, investment, and international diplomacy.
In his welcome address the Chinese Ambassador to Nigeria, Ambassador Yu Dunhai emphasized the strengthening relationship between China and Nigeria.
The event gave insights into China’s ongoing reforms and their relevance to Nigeria, calling attention to the deep potential for collaboration between the two countries.
The Chinese Ambassador referenced the Third Plenary Session of the 20th Central Committee of the Communist Party of China, which concluded in July 2023. This meeting according to him, emphasized comprehensive reforms aimed at advancing Chinese modernization.
Ambassador Yu, also explained that these reforms, which included over 300 key measures, play a crucial role in China’s continued development, even as he drew parallels between China’s past and Nigeria’s current situation, and stressed how similar reforms could benefit Nigeria’s growth.
He highlighted the historic significance of the Third Plenary Sessions in China’s transformation and said the 1978 session, which introduced reforms and opened China’s economy to the world, was pivotal in moving the country toward modernization.
Adding that over the last 45 years, these reforms have driven China’s rapid growth, raising its per capita GDP from $200 in 1978 to $12,000 by 2000.
The ambassador noted that Nigeria, with a current per capita GDP of approximately $17,000, is well-positioned for significant economic advancements, provided it adopts similar reform and development strategies.
Yu underscored the importance of continuous reforms, explaining that outdated policies can become obstacles to progress.
China’s success, according to him, lies in its ability to adapt and reform when necessary.
“This constant evolution has qualified China to become the world’s second-largest economy, surpassing Japan in 2010, and Ambassador Yu believes that Nigeria, with its large youthful population and abundant talent, can achieve similar milestones through dedicated reforms and sustained efforts toward modernization.
Another thing which was part of the conversation of Ambassador Yu, was the importance of opening Nigeria to the world, by drawing from China’s historical lessons, he cautioned against isolation, stressing that countries must learn from others while retaining their unique cultures and identities.
He cited China’s experience with electric vehicles (EVs) as an example of how opening up and fostering competition can drive innovation, especially as of today, China produces over half of the world’s EVs, a remarkable achievement he attributed to the country’s open market and global competition.
The Chinese ambassador therefore expressed optimism about the future of China-Nigeria relations, stating that both countries stand to benefit from deeper collaboration, even as he emphasized that his mission was to promote stronger ties between the two nations, working closely with various stakeholders in Nigeria to achieve mutual growth.
In his remarks, President of the China Alumni Association of Nigeria, Mohammed Sulaiman, emphasized the importance of cultural identity and partnerships in fostering national development.
Mohammed who is also the National President of the Society of Nigerian Artists (SNA), drawing comparisons between Nigeria and China, underscored how China’s economic rise has been driven by a strong adherence to its cultural heritage.
He noted that many African countries, including Nigeria, have struggled with development because they often drift from their cultural roots in an attempt to mimic foreign models.
Suleiman who opined that China’s success in maintaining its cultural traditions while pushing for economic reforms is something Nigeria can and should learn from, and stressed that Nigeria must focus on its own identity to create sustainable development.
According to him, “If China can become a global power by staying true to its culture, why can’t Nigeria do the same in Africa?”
Emphasising on the growing relationship between Nigeria and China, particularly in infrastructure projects, he noted that Nigeria has benefitted from China’s investments, such as the expansion of railways and seaports, which have created jobs and boosted the economy. For example, the construction of rail lines across the country has provided employment opportunities and improved transportation, which in turn supports trade and commerce.
In addition to infrastructure, the Alumni President applauded the trade relationship between the two nations, and stated that Nigeria’s trade with China reached $22.6 billion in 2023.
Sulaiman also discredited the notion that China is merely dumping goods in Nigeria, and emphasised that China is a significant buyer of Nigerian raw materials, and called it a “win-win situation” for both countries.
However, he warned against relying solely on international partnerships and urged Nigeria to develop its own reform strategies, much like China’s periodic review system, to ensure steady progress.
“We cannot just sit and wait for things to happen because we are partnering with China,” he stated.
He also touched on social reforms, recommending for a revival of traditional Nigerian culture, an expansion of education and healthcare, and increased civic engagement, as he believes that these cultural and social changes are essential for Nigeria to achieve true development and strengthen its position on the global stage.
In conclusion, Sulaiman called for enhanced nationalism and a stronger focus on the values that define Nigeria, even as he urged the country to deepen its reforms in line with its cultural identity, following China’s model of balancing tradition with modernity.
“Nigeria must develop its own deepening reforms alongside China’s,” he said.
He added that this approach will help the nation secure its place in the world.
The seminar provided a platform for attendees to understand the significance of China’s reforms and how they might inspire Nigeria to chart a similar path toward modernization.
With China’s support, Nigeria could leverage new opportunities for economic development and global cooperation.
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Obasanjo narrates how he escaped becoming drug addict

Published

on

Former President Olusegun Obasanjo has revealed how he almost became a drug addict.

He spoke in Abeokuta over the weekend at the second edition of ‘Fly Above The High’ anti-drug campaign conference organised by the Recovery Advocacy Network.

Obasanjo stated that smoking during his youthful age led to chronic coughing and almost became an addiction.

The former President, while lamenting the increase in drug abuse among Nigerians and other West Africans, urged Nigerian students and young people to refrain from abusing psychoactive drugs, saying that they ruin life rather than enhance it.

Advertisement

“If I had persisted, I could have become addicted. Once you get involved, it is difficult to get out.

“There’s nothing drug can do for you except destruction.

“We found out that West Africa has equally been a centre for drug consumption in a very bad way. That was more than 10 years ago, so the situation has since gone worse. And whatever applies to West Africa applies to all other parts of Africa,” Obasanjo said.

He cautioned against stigmatization and urged individuals who are already addicted to psychoactive drugs to get help.

Advertisement
Continue Reading

News

We saved $20bn after Petrol Subsidy Removal and FX Rate Reforms, Says Finance Minister

Published

on

Wale Edun, minister of finance and coordinating minister of the economy, says Nigeria has saved $20 billion from petrol subsidy removal and market-based pricing of the foreign exchange rate.

Edun spoke at a ceremony recently held to mark the first 100 days in office of Esther Walso-Jack, head of civil service of the federation, in Abuja.

“An amount of five per cent of GDP is what those two subsidies were costing when there was a subsidy on PMS; when there was petroleum product generally for a long time and when there was a subsidy of foreign exchange. Between them, they were costing five percent of GDP,” he said.

“If you say GDP was on average, let’s say $400 billion. We all know what five percent of that is – $20 billion of funds that could be going into infrastructure, health, social services, education.”

Advertisement
Continue Reading

News

Okpebholo restores statutory rights to Oba of Benin, abolish traditional councils created by predecessor

Published

on

The Edo State Governor, Senator Monday Okpebholo, has restored the statutory rights of the Benin Monarch, Oba Ewuare II, abolishing the new traditional councils in Edo South created by the last administration.

He also backed the Federal Government’s Gazette, which gave the ownership of the returned artefact to the Oba’s palace, which was looted during the 1897 Benin massacre by the British colonial forces.

Also, the state government is withdrawing the letter revoking the concession of the Oba Akenzua II Cultural Centre issued by the last administration to be used as a motor park.

These were contained in a statement released by the governor’s Chief Press Secretary, Fred Itua, on Sunday.

Advertisement

The statement further read, “This administration is restoring the Oba Akenzua centre to a suitable condition for its original purpose.

“This administration also hereby abolishes the new traditional councils in Edo South, created by the last administration.

“Accordingly, Okpebholo has restored the statutory financial entitlements of the Benin Traditional Council and has ordered that the status quo before the creation of the now abolished councils be maintained.

“The Okpebholo administration is backing the initial plan of the state Government to build the Benin Royal Museum that will house the returned artefacts and is distancing itself from the Museum of West Africa Art (MOWA) which the previous administration fronted as the museum to hold the returned Benin artefacts before the federal government intervention on the matter.

Advertisement

“The Federal Government has also issued a Gazette for the recognition of ownership and custody of the repatriated Benin artefacts to Oba of Benin, Oba Ewuare II. This was done through a Government Notice No.25 in the Federal Republic of Nigeria Official Gazette No.57, Volume 110.”

The statement added that Okpebholo respects the rights and privileges of the traditional ruler of the Benin Kingdom, Omo N’Oba N’Edo Uku Akpolokpolo Oba Ewuare ll, and pledges the support of his administration to ensure the Monarch plays his role as the custodian of the rich cultural heritage of the Benin people.

“It is in recognition of this that the administration of Governor Okpebholo shall support the decision of the Federal Government to uphold the Oba of Benin as the exclusive owner of the returned Benin artifacts that were looted by the British Colonial forces during the Benin massacre of 1897.

“The Oba of Benin, as the father of all Benin people, is the sole custodian of the customs and traditions of the Benin people and my administration respects customs and traditions in the land and hereby restores the statutory rights of the Oba of Benin as the true custodian of the returned Benin artefacts.

Advertisement

“Okpebholo said his administration is committed and will refrain from interfering in the internal affairs of the Benin Traditional Council.

“The governor is using his constitutional powers and the respect for traditional institutions and the revered Oba of Benin to restore all other Statutory Rights of the Monarch not mentioned hereof, ” the statement read.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News