Nigeria Eyes Closer China Trade Links
The Speaker of the House of Representatives, Rt Hon. Abbas Tajudeen, has urged deeper economic and legislative collaboration between Nigeria and China amid shifting global trade dynamics, particularly the rise in US tariffs affecting non-oil exports.
During a meeting in Abuja with a delegation from the China People's Political Consultative Conference CPPCC, led by Vice-Chairman Mr Hu Chunhua, Speaker Abbas highlighted the importance of alternative trade partnerships. He identified China's Belt and Road Initiative and the Forum on China-Africa Cooperation as key platforms for enhancing Nigeria's economic opportunities.
"In the face of evolving global trade dynamics, exemplified by the recent imposition of tariffs by the United States that have affected our non-oil exports, it is imperative that we diversify our trade partnerships. Enhancing our economic ties with China presents significant opportunities for our nation.
In this regard, Nigeria is equally enthusiastic about deepening cooperation through platforms such as the Belt and Road Initiative and the Forum on China-Africa Cooperation. These initiatives provide promising avenues for expanding trade, fostering investment, and promoting knowledge exchange.
As the world witnesses China's remarkable economic transformation, we find in its experience a model of inspiration, particularly in the areas of industrial policy, poverty reduction, and technological innovation," the Speaker noted.