Chinese ambassador pledges to actualise outcomes of Tinubu’s China visit

By Sarafina Christopher

China’s Ambassador to Nigeria, Yu Dunhai, has pledged to actualise all the agreements, signed between the Federal Republic of Nigeria and People’s Republic of China.

The agreements were signed during President Bola Tinubu’s recent visit to the East Asian country.

The ambassador stated this during a news conference on Friday in Abuja, to discuss the outcomes of the visit and the President’s participation in the Forum on China-Africa Cooperation (FOCAC).

He said that he would play an active role, alongside various sectors toward actualising the agreements, to bring the envisioned projects to fruition.

Yu said that he was part of the relevant government departments of China and Nigeria, who signed a total of 13 cooperation documents.

According to him, the documents cover areas such as high-quality Belt and Road cooperation planning, and the implementation of the Global Development Initiative.

Other areas, he said, included economic growth, human resources, application of the Beidou Satellite Navigation System, export of peanuts to China, and media exchanges.

“Among them, one bilateral cooperation document covers around 19 projects that China and Nigeria are cooperating and intend to cooperate with.

“In addition, multiple cooperation agreements were signed between relevant departments, state governments and Chinese companies during the visit.

“We believe that these documents reflect the thriving cooperation between our two countries and the bright prospects of China-Nigeria cooperation,” he said.

The Chinese envoy also underscored the need to diligently follow through with the signed agreements toward ensuring that the commitments were translated into tangible outcomes.

The Director, Centre for China Studies in Nigeria, Charles Onunaiju, said that Nigeria was committed to leveraging its institutional mechanisms to oversee the sustainable implementation of the agreements.

Onunaiju added that such institutional mechanisms included the newly formed Office of the President on Policy Coordination.

“This office will be tasked with ensuring accountability and progress tracking for the successful execution of the signed deals,” he said. (NAN)

Edited by Mark Longyen

Production cut: Sylva visits 4 OPEC countries

By Edith Ike-Eboh

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has embarked on a four-day journey to some Organisation of Petroleum Exporting Countries (OPEC) to discuss issues on crude oil production cut.

In a statement by his special Adviser on Media, Alhaji Garba Deen Muhammad, on Friday, in Abuja, the countries include Equatorial Guinea, Gabon, Congo Brazzaville and South Sudan.

“Minister of State for Petroleum Resources, Chief Timipre Sylva, has left Nigeria today for Equatorial Guinea on a start of his four-nation shuttle to oil producing countries that include Equatorial Guinea, Gabon, Congo Brazzaville and South Sudan within the week.

“His mission is to discuss issues of compliance cuts which the organisation has been using to stabilise oil price at the peak of the global COVID-19 pandemic which had plummeted to as low as 10 dollar per barrel,” Muhammad said.

He noted that the choice of Nigeria’s Sylva was seen by analysts as a way of rewarding the West African nation for beating daunting odds to achieve full compliance with OPEC cuts, despite its other economic challenges.

According to him, the minister is expected to deploy his country’s credentials as a full compliant member country to encourage the four nations to stay the course and abide by the cuts and general OPEC principles.

He said that the minister is expected back in Nigeria next week.

Recall that OPEC announced the appointment of Nigeria’s Sylva to act as its Special Envoy to the four countries.

The 60-year-old organisation however rallied together and undertook painful cuts among its members and also persuaded its allies such as Russia to do the same.

The sacrifice paid off as demand gradually improved and prices began to rise until they reached the current impressive level of about 60 dollar per barrel. (NAN)

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