NEWS AGENCY OF NIGERIA

China and Nigeria Joining Hands for a Brighter Future

272 total views today

By Yu Dunhai

From January 8th to 9th, H.E. Wang Yi, Member of the Political Bureau of the Central Committee of the Communist Party of China and Minister of Foreign Affairs, paid an official visit to Nigeria.

During the visit, Foreign Minister Wang Yi met with President Tinubu and Foreign Minister Tuggar, which harvested fruitful results.

After 4 years since Foreign Minister Wang Yi’s last visit to Nigeria, this visit occurs amid the 25th Anniversary of the Founding of the Forum on China-Africa Cooperation (FOCAC) and the beginning of implementing the outcomes of the FOCAC Beijing Summit 2024, and aims to build on past achievement and guide the future for the China-Africa and China-Nigeria relations.

This is another high-level exchange between China and Nigeria following the successive visits of Foreign Minister Tuggar and President Tinubu to China last year, which therefore is also a reunion between good friends.

As the Chinese Ambassador to Nigeria, I had the honour and privilege to accompany and witness the visit, and I am happy to share my thoughts of this visit as follows.

First, the visit bears extraordinary significance. This visit goes along with the established practice of Chinese diplomacy that the Chinese Foreign Minister would choose Africa as his first overseas destination at the start of every new year, a tradition lasting over the past 35 years.

It reflects the mutual support and original aspiration of the China-Africa friendship, which plays a unique role in the history of international exchanges.

The visit also demonstrates China’s resolve and commitment to working with Nigeria to implement the consensus reached by our two Heads of State and the outcomes of the FOCAC Beijing Summit, building an all-weather China-Africa community with a shared future for the new era, and leading the Global South in advancing solidarity and cooperation.

The visit has greatly strengthened the synergies between the Belt and Road Initiative (BRI), the Ten Partnership Actions for China and Africa to jointly advance modernization, and the Priority Areas of the Renewed Hope Agenda of President Tinubu.

The visit injected new impetus into our Comprehensive Strategic Partnership, deepened our cooperation, and enhanced the international coordination between our two countries.

Second, the two sides reached a broad consensus. During the visit, Foreign Minister Wang Yi spoke highly of the China-Nigeria relations, stating that under the strategic guidance of the two Presidents, our bilateral relations have achieved three outstanding achievements, namely a new leap in positioning of the relations, a new platform created through solidarity and collaboration, and a new height in international cooperation.

The Nigerian side noted that our relations is rooted in traditional friendship and is unbreakable.

Nigeria particularly reaffirmed its commitment to the One-China principle and supporting China’s efforts in achieving national reunification, and its role on the world stage.

Regarding regional issues, China reiterated that it would stand together with Nigeria to counter terrorism and maintain regional peace and stability in the Sahel region and West Africa.

China also supports Nigeria in playing a more important role on the global stage.

Both sides agreed to forge greater synergy in strategies, consolidate political mutual trust, jointly maintain regional peace and stability, strengthen coordination on international and regional affairs, and promote China-Nigeria relations to a higher level.

Third, the visit charted the way forward for our cooperation. Practical cooperation has always been the driving force of the China-Nigeria relations. Such mega projects as the Lekki Deep Sea Port, four major Terminals, and the Ogun Free Trade Zone, have not only profoundly improved Nigerian people’s livelihood, but also constitute stellar examples in China-Africa cooperation.

Foreign Minister Wang Yi’s visit further consolidates the ‘strategic’ nature of China-Nigeria cooperation. We will work together to translate the important consensus reached by the two leaders and the outcomes of the FOCAC Beijing Summit into actions.

We will step up synergy in development strategies to achieve common development as well as to support the collective rise of the Global South.

Foreign Minister Wang Yi’s visit also highlights the exemplary feature of China-Nigeria cooperation.

Just before the visit, the People’s Bank of China and the Central Bank of Nigeria renewed the currency swap agreement, which was valued at 15 billion yuan or 3.28 trillion Naira. The China Development Bank issued the first loan of €245 million to support the Kano-Kaduna railway project.

Foreign Minister Wang Yi also reiterated China’s support for the Nigeria railway modernisation project.

Besides the traditional infrastructure cooperation, our two sides also exchanged views on deepening cooperation in such areas as trade, new energy, mining, agriculture, people-to-people exchanges, and security.

In the days to come, China-Nigeria cooperation will embark on a broader and faster lane.

I would like to take this opportunity to express my sincere thanks to Nigerian colleagues and friends, from the State House, the Ministry of Foreign Affairs, and other departments for their hard work to make the visit a great success, and their warm hospitality extended to the Chinese delegation.

As a Chinese saying goes, even mountains and seas cannot distance people with shared aspirations. No matter how the international landscape evolves, China will always be Nigeria’s most trustworthy friend, most reliable partner in pursuing development, and the strongest backing on the international stage.

We are willing to take this visit as an opportunity to deepen cooperation with Nigeria in various fields and jointly serve as the pioneers in redressing the historical injustices, the co-workers for the rise of the Global South, and the doers for the improvement of global governance.

May our cooperation forever nourish, and our friendship never perish.

**…Yu Dunhai, is the Chinese Ambassador to Nigeria.

African leaders urge collective action to secure future

274 total views today

 

 

L-R: The Minister of International Relations of Botswana, Dr Phenyo Butale, Ms Ahunna Eziakonwa, UNDP Assistant Secretary-General, President Duma Boko of Botswana, Mr Claver Gatete, UN Under-Secretary-General of ECA and Prof. Kevin Urama, AfDB’s Vice-President and Chief Economist at the opening of the AEC 2024 in Gaborone, Botswana on Saturday.

 

By Lucy Ogalue

African leaders say as global uncertainty rises, there is an urgent need for bold, collective action to secure Africa’s economic future and foster resilience.

 

Botswana President Duma Boko, speaking on Saturday at the ongoing  2024 African Economic Conference (AEC) in Gaborone, Botswana, said Africa needs to take its rightful place globally.

 

The News Agency of Nigeria (NAN) reports that the theme of the conference is: “Securing Africa’s Economic Future Amid Rising Uncertainty.”

 

Boko called for economic transformation, urging greater value addition to Africa’s vast resource base and the development of regional value chains to boost employment and economic diversification.

 

“Africa has unparalleled potential to transform these obstacles into opportunities, thus, the critical importance of Africa’s youthful population as the continent’s greatest asset.

 

“With nearly 70 per cent of Africans under 30, there is the need for substantial investment in education, technology, and jobs to harness the potential of the next generation of innovators, entrepreneurs, and leaders,” he said.

 

The president reiterated the need to ensure peace and stability on the continent, which he said must be anchored on accountable and responsive governance.

 

According to him, this is a fundamental human right for every African citizen and setting the requisite bedrock for any measure of our economic development and sustainability.

 

He said that to attract foreign investment and build sustainable growth in Africa, we must demonstrate a commitment to transparency, accountability, and respect for the rule of law on the continent.

 

“The African Continental Free Trade Area holds significant prospects for transforming Africa’s economic landscape to foster investment, create jobs, and promote industrialisation.

 

“It is critical for us to capitalise on the AfCFTA and leverage its potential to enhance intra-Africa trade and position the continent as a global economic powerhouse.

 

“Beyond trade, regional cooperation must extend to shared physical infrastructure, resource management, and conflict resolution.

 

” Ending armed conflicts that hinder development by ‘Silencing the Guns in Africa’ will create a stronger and more integrated Africa.

 

“An Africa better equipped to navigate the global trade dynamics and challenges,” he said.

 

Mr Claver Gatete, UN Under-Secretary-General and Executive Secretary of the Economic Commission for Africa (ECA), echoed these sentiments of addressing Africa’s significant economic challenges.

 

“The global financial system as it stands, is failing Africa. There is a need for urgent reforms that will prioritise financing for the Sustainable Development Goals (SDGs), climate adaptation, and equitable growth.

 

“Africa has vast renewable energy potential, critical mineral reserves, and the transformative power of digital innovation.

 

“There is a need for leaders to act decisively to unlock the continent’s potential as Africa’s future lies in its ability to transform resources into value-added products,” he said,

 

Gatete further outlined the need for de-risking investment environments through improved governance, transparency, and innovative mechanisms to attract private sector investment.

 

Ms. Ahunna Eziakonwa, the Assistant Secretary-General and Director, Regional Bureau for Africa, United Nations Development Programme (UNDP), decried how Africa had continued to bear the burden of climate change despite its little contributions.

 

“The challenge of these global uncertainties is to rise up, invest, and ensure innovative financing. The gathering was a dynamic platform to develop solutions to Africa’s challenges.

 

“We must strengthen resilience to shocks by decreasing dependency on food and fuel, investing in tech infrastructure skills that will provide sustainable and affordable energy for all and prioritising diversification of our economy.

 

“We need to mobilise resources at scale and take steps to ensure Africa’s abundant resources finance its growth. Africa’s money must work for Africa.

 

“It is time for Africa to lead. This continent is unstoppable and will remain so when we have leaders who care. Let us start sowing the seed of human rights to eliminate poverty and not just reduce it,” she said.

 

Also speaking, Prof Kevin Urama, Vice President and Chief Economist of the African Development Bank (AfDB), restated the importance of homegrown solutions embedded in local realities to drive growth on the continent.

 

“The AEC provides a leading platform for stakeholders to think together. It provides a golden opportunity to review Africa’s developing experience and find solutions relevant for Africa by Africa to move Africa forward.

 

” We must try to stem the leakages from African economies as the continent loses. We must find new African ways to help address African challenges,” he said.

 

Speaking Earlier, Dr Phenyo Butale, the Minister of International Relations, Botswana, welcomed participants and said the gathering would shape the future of Africa, thus emphasising the importance of collective action.

 

He expressed the commitment of the country to mitigate volatility to economic shocks, ensure inclusive growth, and leverage technology and innovation, among others on the continent.

 

The conference which opened on Saturday will end on Nov. 25. (NAN) (www.nannews.ng)

Edited by Ese E. Eniola Williams

X
Welcome to NAN
Need help? Choose an option below and let me be your assistant.
Email SubscriptionSite SearchSend Us Email