Nigeria and China have enhanced their bilateral ties through a “comprehensive strategic partnership.” The partnership aims to boost trade, financial cooperation, and infrastructure development, addressing global financial stability and security concerns.
Key agreements include a commitment to flexible regional monetary cooperation, such as local currency swaps, to facilitate trade. The nations also pledged to collaborate on financial intelligence, focusing on anti-money laundering and counter-terrorism financing (AML/CFT) efforts. This supports Nigeria’s efforts to maintain financial stability and combat financial crimes.
The partnership extends to sub-national cooperation, with both countries seeking to protect their citizens’ rights and create favorable business environments. China expressed support for Nigeria’s “Renewed Hope Agenda,” focusing on national unity, peace, and economic growth, while Nigeria reaffirmed its support for China’s “one-China principle.”
Both nations also aligned on global issues, opposing trade protectionism and advocating for a transparent, non-discriminatory business environment. They pledged to strengthen ties under initiatives like the Belt and Road Initiative (BRI) and to support each other in international forums, including the United Nations.
President Bola Tinubu is on a state visit to China. The visit, at the invitation of Chinese President Xi Jinping, coincided with the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC).
—Ezinwanne Onwuka reports for TruthNigeria from Abuja.
