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Nigeria Seeks Stronger Economic Ties with China
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…as currency swap boosting bilateral trade
By Gloria Ikibah
The Nigerian government is deepening economic collaboration with China to drive industrialisation and economic diversification.
Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, made this known when she received the Chinese Ambassador to Nigeria, Yu Dunhai, in Abuja.
The Minister emphasised that Nigeria’s longstanding ties with China, spanning over five decades, align with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises economic expansion and resilience.
Outlining key areas where Nigeria seeks Chinese support, including electric vehicle production, digital technology, renewable energy, and agriculture, Amb. Odumegwu-Ojukwu acknowledged China’s significant role in Nigeria’s road and rail infrastructure development and noted that the country is taking concrete steps to modernize its ports and power sector to attract more investment.
She also highlighted the importance of cultural ties, and noted the growing interest among Nigerian youths in learning the Chinese language.
The minister reaffirmed Nigeria’s commitment to strengthening its economic partnership with China, highlighting that the ongoing currency swap agreement is already enhancing trade relations between both nations.
“It’s quite interesting that a large population of Nigeria youth is inching towards Chinese Language. A lot of Nigerian Universities are desirous to offer Chinese Language. Chinese had become the language of trade in the world.
“Nigeria-China will continue to relate not just bilaterally but multilaterally.
“We expect that we will continue to get the support of China but we will always reciprocate that multilaterally.
“In line with President Tinubu’s plan to industrialise Nigeria, we expect Chinese cooperation in establishing assembly plants of electric vehicles; digital communication, renewable energy, all aspects of digital technology, agriculture because of food insecurity as the government is interested in seeing that food gets to the poorest of the poor. Government is not just talking about food but has established a separate Ministry of Livestock,” the minister stated.
She urged China to extend trade tariff exemptions to its exports, similar to the concessions already granted to 33 other African nations, emphasising that the Renewed Hope Agenda prioritizes stronger ties between citizens and deeper country-to-country partnerships.
In response, Chinese Ambassador Yu Dunhai reaffirmed China’s commitment to strengthening its relationship with Nigeria, describing the country as a key strategic partner. He noted that President Bola Ahmed Tinubu’s visit to China and participation in the Forum on China-Africa Cooperation (FOCAC) had elevated diplomatic and economic engagements between both nations.
Amb. Yu highlighted ongoing collaborations in infrastructure, including roads, railway modernization, power, industrial parks, and the Lekki Deep Sea Port. He disclosed that trade volume between the two nations exceeded $21 billion last year, with Nigeria’s exports to China accounting for over 25% of this figure.
He further underscored the role of manufacturing in industrialization, pointing to the recently renewed $2 billion currency swap agreement as a tool to enhance financial cooperation, boost bilateral trade, and attract more investment.
Expressing optimism about the future, the envoy stated that these efforts would ultimately yield tangible benefits for ordinary citizens in both countries.
He said: “We have a comprehensive strategic partnership with Nigeria. China would want Nigeria to play a big role in the international scene. We want Nigeria to become a member of G-20. These will all provide opportunity for China and Nigeria to further work together closely.
“For China, we have been very consistent. We give grant to any African countries; we don’t give any conditions.”
He further acknowledged that it was important that the two countries met to review how far they have performed in their bilateral cooperation.
News
BREAKING: Jubilation As PDP Wins All 30 LGs In Osun State(See winners)
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By Kayode Sanni-Arewa
The Osun State Independent Electoral Commission, OSSIEC, has announced that the Peoples Democratic Party, PDP, won all the local government and councillorship positions in the just concluded local government elections in the state.
The Chairman of the Commission, Hashim Abioye, made this announcement via a Facebook Live broadcast on Saturday evening.
Abioye stated that PDP candidates secured all the councillorship seats in all 332 wards in the state, as well as the chairmanship elections in all 30 local government council areas.
The names of the PDP chairmanship candidates and their respective local government council areas:
Babalola Wasiu Kayode – Boripe
Okunade Oluwafemi Adesanya – Egbedore
Adeyenuwo Rotimi John – Ife Central
Agboola Francis Olajire – Obokun
Azeez Lateef Adeniran – Isokan
Aina Abayomi Adesina – Boluwaduro
Sodiq Samuel Oluwapelumi – Ola Oluwa
Ajibade Oluwatoyin S. – Irepodun
Adebanjo Oladiti Tunmininu – Ilesa West
Ibironke Alade Adegboye – Atakumosa East
Aroke Muyiwa Aderemi – Ife South
Kolade Obafemi Kolawole – Olorunda
Moshood Adekunle Kabiru – Iwo
Awotunde Abiodun Sarafadeen – Ifelodun
Akande Taiwo Adekunle – Osogbo
Dada Feyisayo Ajibola – Atakumosa West
Amodu Taiwo – Ede North
Atolagbe Kayode Olayinka – Ifedayo
Akande Michael O. – Ife North
Adeyekun Taiwo Adebayo – Oriade
Adeniran Adenike Felicia – Ayedaade
Afolabi Oyekola Lukman – Ede South
Odunyemi Haruna Bukola – Ife East
Jooda Ambali Babajide – Irewole
Adewale Adeyinka Oluwaseun – Odo Otin
Ogunbiyi Solomon Akinyemi – Ayedire
Raimi Adenike Nafisat – Ejigbo
Adebisi Jayeola Nasir – Ila
Ilesanmi Taiwo Sunday – Ilesa East
Alade Aderemi Fatai – Orolu
News
DSS arrests three for assaulting operatives during LSHA crisis
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By Kayode Sanni-Arewa
The Department of State Services (DSS) has arrested three persons linked to the alleged assault on its officers during the crisis that rocked the Lagos State House of Assembly, following the removal Mudashiru Obasa, as Speaker
Apparently sensing danger, some lawmakers had mobilized their supporters to the Assembly Complex, but these supporters allegedly attacked some DSS officers who were invited by the Assembly leadership to secure the facility. Security sources revealed that “after extensive analysis of CCTV footage, we were able to clearly identify three of the suspects”.
“The suspects, Ibrahim Olanrewaju Abdulkareem, a photographer and two others attached to the Assembly’s Seargent at Arms, Adetu Adekunle Samsudeen and Adetola Oluwatosin Fatimoh, a lady, were consequently tracked and arrested during the week in different parts of Lagos,” The trio have since confessed to the crime and will soon be charged to court, the source said.
It would be recalled that the Lagos Assembly had in a leaked memo dated 14th February, 2025 and addressed to the DSS Director in the State, and Heads of other Security Agencies in Lagos State, told the Security Agencies in Lagos that, there was credible information to the effect that, Obasa had planned to forcefully reinstate himself today, February 18, 2025.
Accordingly, the Assembly management, held the view that, the development posed “a potential security threat” to it and its members.
News
Police seal OSSIEC office, officials nabbed, says chairman
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By Kayode Sanni-Arewa
The chairman of the Osun State Independent Electoral Commission (OSSIEC), Hashim Abioye, has claimed that the police have sealed off the headquarters in Osogbo.
In a video post on the OSSIEC X handle, Abioye accused the police of also arresting election officials and blocking journalists from covering the local government election.
According to him, several OSSIEC officials were detained while on their way to polling units on Saturday.
Attempts by our correspondent to reach Abioye for further details proved abortive as his telephone line was switched off.
The OSSIEC chair, in the post, assured voters that materials had been deployed to affected areas.
So far so good, the reports have been positive and the conduct has been very smooth and peaceful as against the false alarm raised by the police. Everywhere is calm,” Abioye said.
“The only thing is that in some of the areas in which materials are supposed to have arrived for voters to cast their votes, we had reports of police arresting our officials.
“I don’t know on whose order because there is no court order that warranted the arrest of officers of our officials.
“As it is, we have deployed materials to those units because we have enough on the ground.
For our people in the media community, I want to apologise for the inadequacy of the tags and the jackets because we have enough but the police sealed our office and that was not warranted at all.”
Abioye’s comments come after police had called for the local government election to be called off by the state government, citing a security threat.
In a statement by its Public Relations Officer, Olumuyiwa Adejobi, on Friday, the Police said it received credible intelligence indicating a likelihood of violence and significant security threats should the planned elections proceed.
The police explained that reports gathered from joint intelligence gathering revealed that various groups, including political elements and other interested parties, are mobilising to instigate unrest, disrupt public peace and undermine the democratic order.
However, the Osun State government acknowledged the police’s advice but insisted on going on with the election.
Channels Television reports that the election eventually went on as scheduled on Saturday.
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