News

Nigeria Seeks Stronger Economic Ties with China

Published

2 months ago

February 22, 2025

Gloria Ikibah

…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.

Related Topics:Nigeria Nigerian president Tinubu universities

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Osun PDP Reps Dismiss Defection Claims, Pledge Support for Adeleke

Published

40 minutes ago

April 25, 2025

Gloria Ikibah

By Gloria Ikibah

Eight out of the nine Peoples Democratic Party (PDP) members representing Osun State in the House of Representatives have firmly restated their loyalty to the party and Governor Nurudeen Ademola Adeleke, distancing themselves from recent defection claims.

Their stance follows public comments by Rep. Busayo Oluwole Oke, who recently exited the PDP and hinted that other members of the Osun caucus were poised to follow his lead.

In a joint statement released in Abuja on Friday, the lawmakers which include Reps Bamidele Salam, Ajilesoro Abimbola Taofeek, Mudashiru Lukman Alani, Akanni Clement Ademola, Omirin Emmanuel Olusanya, Adewale Moruf Adebayo, Adetunji Abidemi Olusoji, and Oladebo Lanre Omoleye—made it clear they remain committed to the PDP and its leadership in the state.

They described Oke’s exit as unsurprising, pointing to what they called his long-standing pattern of defiance, public criticism of the party, and antagonism towards the Adeleke-led government.

The lawmakers labelled his defection as an act of ingratitude, given the political opportunities the PDP had afforded him over the years, and cautioned him against spreading misleading narratives aimed at courting favour within his new political camp.

“The defection of our colleague, Hon. Wole Oke, is a personal decision that holds no bearing on the stability or cohesion of the PDP in Osun.

“The remaining eight members of the caucus remain fully committed to the ideals and leadership of the party,” the statement read.

The caucus further praised Governor Adeleke for his “forthright, competent, and equitable” leadership since assuming office, stating that his administration has ensured the fair distribution of democratic dividends across all parts of Osun State.

“The achievements of Governor Adeleke are visible across all sectors — education, healthcare, infrastructure, and social welfare.

“His governance style continues to inspire confidence within the party and among the people of Osun,” the lawmakers added.

They lawmakers acknowledged the Governor’s role as the undisputed leader of the party in the state, and credited his inclusive approach for the ongoing unity and strength of the PDP in Osun.

They further pledged their continued support for his administration at both state and federal levels.

The PDP lawmakers assured constituents that their collective mandate remains intact and that they remain undeterred in their commitment to delivering on their legislative responsibilities and party obligations.

The caucus also called on party faithful across the state to remain steadfast and focused, urging them not to be swayed by political distractions.

They affirmed that the PDP remains the most viable platform for sustainable development in Osun.

As the political landscape continues to evolve in anticipation of future elections, the Osun PDP Caucus reiterated its readiness to defend the party’s legacy and ensure that the people of Osun continue to benefit from democratic governance under PDP leadership.

News

Kalu Rallies South East to Embrace Centre for Greater National Gains

Published

1 hour ago

April 25, 2025

Gloria Ikibah

…as he unveils Renewed Hope Partners in Umuahia

…seek federal projects to boost regional economy

By Gloria Ikibah

Deputy Speaker of the House of Representatives,Rep. Benjamin Kalu, has urged the South East to forge stronger political alignment with the federal government, stressing that such synergy is key to unlocking greater development opportunities for the region.

Kalu made this call on Thursday in Umuahia, Abia State, during the formal launch of Renewed Hope Partners (RHP), a political and development-oriented platform tailored to advance the second-term ambition of President Bola Ahmed Tinubu.

Describing the RHP as a strategic tool, Kalu explained that it would serve to bridge national policies with regional priorities, ensuring that the South East fully benefits from the federal government’s agenda.

Speaking to a crowd of stakeholders and supporters, the Deputy Speaker, who represents Bende Federal Constituency, cited various achievements under the current administration, particularly in the South East, and reassured the people of the government’s continued commitment to infrastructure, economic inclusion, and stability.

He called on the federal government to prioritize key developmental projects in the region, including the construction of a gas pipeline to support industrial growth, the dredging of the Onitsha River to revive inland water transport and trade, and the expansion of the Onne port to ease logistics and boost economic activities across the South.

Kalu urged the region to leverage its collective strength and re-engage with the centre for long-term relevance and impact, noting that the time had come for strategic partnership over political isolation.

He said: “As we approach the midpoint of President Bola Ahmed Tinubu’s tenure, the South East must align decisively with the centre. The Renewed Hope Partners (RHP) is a formidable vehicle that is demonstrating our seriousness for this cause by translating the national achievements of the President Bola Ahmed Tinubu administration into regional gains, and by delivering the majority of votes in the South East geopolitical zone for our dear President in 2027.

“My dear Ndi Igbo, the time for token support has passed. The President’s leadership has fundamentally improved our economy, empowered our youth, and begun to bridge the development gap in our zone. Now, RHP must channel these achievements into electoral victories, ensuring the South East sits at the heart of Nigeria’s renewed hope, as we expect more from the current administration. By embedding these structures, strategies, and ambassadors into every household conversation, Renewed Hope Partners will transform policy wins into popular mandate, guaranteeing that the South East not only benefits from but also drives the continuity of this administration.”

To ultimately achieve the mission, Kalu explained that RHP will launch “Renewed Hope Councils” in all South East LGAs, linked to South East Development Commission (SEDC) outreach teams to turn policy wins into grassroots programs.

“We will launch “Renewed Hope Councils” in all South East LGAs, linked to SEDC outreach teams, turning policy wins into grassroots programs. Align each of the seven pillars with local town-hall campaigns, ensuring every citizen sees the direct benefits of President Tinubu’s agenda,” he said.

The Deputy Speaker highlighted several milestones recorded under President Tinubu’s administration, including proposed investments totalling $50.8 billion, a rise in national revenues to over ₦9.1 trillion within the first half of 2024, and a GDP growth rate pegged at 3.4% for the year.

He also pointed to a sharp rise in foreign remittances, which reportedly hit $23.4 billion—marking a 61.1% increase compared to the previous year.

Referencing the Compressed Natural Gas (CNG) initiative, Kalu noted that the shift is expected to reduce the country’s petrol import bill by over ₦2 trillion monthly.

He said: “In 2024, Nigeria experienced a significant increase in foreign remittances, with an estimated $23.4 billion received. This substantial growth, exceeding $4.22 billion through International Money Transfer Operators between January and October, represents a 61.1% year-on-year increase.

“President Bola Tinubu has so far attracted proposed investments worth $50.8 billion into the country, according to ongoing compilation by the Federal Ministry of Industry, Trade and Investment—evidence that investors trust President Tinubu’s vision.

“The Compressed Natural Gas initiative will save over ₦2 trillion per month in petrol imports. One million low-cost conversion kits are currently being distributed.”

Kalu emphasized that the re-commencement of the Port Harcourt–Maiduguri corridor, will ultimately link Aba and Onitsha hubs to northern markets, unlocking ₦50 billion in annual trade throughput.

He also underscored the importance of the South East Development Commission (SEDC), established in July 2024, with a constituted board and executive management team.

“President Tinubu has recommitted to finishing the Port Harcourt–Maiduguri corridor. Once operational, it will link Aba and Onitsha hubs to northern markets, unlocking ₦50 billion in annual trade throughput.

“The SEDC’s “Triple-R” mandate (Rehabilitation, Reconstruction, Reintegration) is already off to a great start with steps taken under the able leadership of the commission’s board with its recent MOU signing with the UNDP for a South East Integrated Development Masterplan”, Kalu said.

The Deputy Speaker also highlighted several other initiatives, including the construction of housing units, fertilizer distribution, and mechanized equipment for farmers.

“The first 3,112 housing units in Karsana will soon be completed. Six geopolitical-zone cities and 36 state-level estates will deliver over 100,000 homes, generating tens of thousands of construction jobs across Nigeria”, he added.

Kalu appealed to the Federal Government to prioritize several high-impact interventions, including constructing key gas pipeline infrastructure across the South East, supporting capacity expansions at the AHL and ANOH plants in Imo State, and dredging and rehabilitating the Onitsha River.

“To leverage the South East’s comparative strengths and fast-track President Tinubu’s Renewed Hope Agenda, the Federal Government can seize the following high-impact interventions to accelerate the construction of key gas pipeline infrastructure across the South East to spur industrialization in Enugu, Ebonyi, Imo, Abia, and Anambra states, ensuring affordable compressed natural gas (CNG), liquefied petroleum gas (LPG), and industrial feedstock reach transport hubs, agro-processors, and SMEs.

“Support further capacity expansions at the AHL and ANOH plants in Imo State, reinforcing the zone’s energy security and creating thousands of construction and operations jobs.

“Green-light urgent dredging and wharf rehabilitation, linking the Niger inland waterway to regional and international trade routes. Fast-track the Onne container-terminal upgrade under the Port Harcourt corridor plan, integrating South East logistics with South-South hubs.

“Identify and develop sea-ports at Bonny/Opobo and Bakassi to relieve Lagos congestion and unlock export pathways for South East agricultural and manufactured goods”, Kalu said.

News

Spanish police arrest mother over sale of newborn baby for $2,300

Published

4 hours ago

April 25, 2025

ADMIN

Spanish police said Friday they had nabbed a woman who allegedly sold her newborn baby girl to a couple undergoing fertility treatments for 2,000 euros ($2,300).

Officers arrested the 37-year-old last month in Mostoles, a southern suburb of Madrid, a police statement said. The couple suspected of buying the baby and two of their relatives were detained in the southern city of Cordoba.

A preliminary investigation concluded the woman “reached an economic deal” to give her newborn baby for 2,000 euros to the couple, but then “regretted selling her daughter” and asked to get her back.

The couple refused to return the baby unless the woman returned the money they had paid, plus another 1,000 euros to cover various expenses the woman said she had incurred during the month she spent with them in Cordoba before giving birth.

Police said they began investigating after the woman filed a complaint alleging that a family in Cordoba had “kidnapped” her newborn baby.

The baby was turned over to a child protection centre in Cordoba. The authorities had in 2022 removed the woman’s six other children from her custody, accusing her of neglect, police said.