Nigeria China bilateral ties strengthened as NCSP and Chinese Embassy agree to boost trade and economic cooperation
The Director-General of the Nigeria–China Strategic Partnership, Mr Joseph Tegbe, hosted Mr Zhou Hongyou, Charge d’Affaires of the Chinese Embassy in Nigeria, alongside senior embassy officials, to discuss deepening Nigeria China bilateral ties.
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The high-level meeting, held at the NCSP headquarters in Abuja, emphasised plans to significantly expand trade between the two nations, targeting a volume of 350 billion RMB (approximately $50 billion) by 2030, with Nigerian exports representing at least 30 per cent of total trade.
Mr Tegbe highlighted that this objective would be achieved through the forthcoming zero-tariff policy and increased export of agricultural produce.
Mr Zhou Hongyou expressed satisfaction with the growing relationship and stressed the importance of enhancing cooperation in technology, agriculture, and human capacity development.
He added that the zero-tariff agreement would create substantial opportunities for Nigerian businesses and further strengthen the robust partnership between the countries.
The Chinese Embassy also reaffirmed its support for Nigeria’s industrialisation drive, particularly in steel development and agriculture, in alignment with President Bola Ahmed Tinubu’s Renewed Hope Agenda.
In a gesture of goodwill, Mr Tegbe congratulated the Chinese people on the upcoming Chinese Spring Festival, affirming Nigeria’s commitment to expanding cultural, diplomatic, and economic collaboration.
The meeting featured senior officials, including Mr Wang Yingqi, Minister Counsellor for Economic and Commercial Affairs; Ms Judy Melifonwu, Head of International Relations at NCSP; Adetoun Alli-Balogun, EA to the DG; and Martins Olajide, Head of Internal Operations at NCSP.
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The discussion reinforced the commitment of both nations to a sustainable, mutually beneficial partnership and strategic economic cooperation that benefits Nigerian businesses and strengthens international trade.
