China and Nigeria are set to deepen their bilateral relationship by an bold partnership centered on renewable power, sensible metropolis growth, and demanding infrastructure tasks.
This was made recognized by Fang Qiuchen, Chairman of the China Worldwide Contractors Affiliation (CHINCA). Talking on the sidelines of the China-Africa Financial and Commerce Expo (CAETE) Exhibition in Abuja, Fang highlighted the potential of the collaboration to deal with Nigeria’s urgent power challenges whereas selling sustainable city growth. The transfer underscores the enduring relationship between the 2 nations, which dates again to 1991.
“The collaboration will leverage China’s superior applied sciences and Nigeria’s plentiful assets to create a sustainable power framework that can profit each nations,” Fang mentioned, emphasizing its transformative potential for Nigeria’s power sector and the broader financial system.
Fang outlined plans to deploy superior applied sciences comparable to huge information, cloud computing, and synthetic intelligence (AI) to modernize infrastructure and automate city methods. Renewable power tasks, together with investments in photo voltaic, wind, and hydroelectric energy, are set to align with world transitions in the direction of cleaner power options.
“The concentrate on renewable power will improve power entry throughout Nigeria, decreasing reliance on fossil fuels and fostering financial development,” Fang famous. He additionally burdened the mixing of digital applied sciences into sensible metropolis tasks to enhance city administration and elevate the standard of life for residents.
Highlighting the strategic significance of the partnership, Mr. Joseph Tegbe, Director-Basic and International Liaison for the Nigeria-China Strategic Partnership, acknowledged that the collaboration aligns with China’s Belt and Street Initiative (BRI). This initiative seeks to place Nigeria as a pivotal hub for West Africa, unlocking vital socio-economic alternatives.
“Nigeria’s giant inhabitants and its sturdy financial ties with China current a singular alternative to speed up growth in renewable power and infrastructure,” Tegbe remarked. He lauded the partnership’s potential to drive innovation and capability constructing in essential sectors.
The CAETE Exhibition featured over 100 Chinese language corporations showcasing their experience in infrastructure and power. Key members included Energy China, China Civil Engineering Development Company (CCECC), China Harbour Engineering, and Guangxi LiuGong Equipment. These corporations demonstrated China’s readiness to speculate and collaborate on transformative tasks in Nigeria.
Mr. Xia Hao, Deputy Dean of the School of Economics and Commerce at Hunan College, highlighted Nigeria’s standing as a essential financial companion in Africa, with huge potential to profit from China’s technological developments and investments.
This partnership marks a major step in fostering sustainable growth, leveraging know-how and innovation to deal with Nigeria’s developmental wants whereas strengthening its ties with China.
Earlier Nairametrics reported that the rising commerce quantity between Nigeria and China, reached $22.6 billion in 2023, marking one of many highest commerce exchanges in Africa.
VP Kashim Shettima shared this throughout a gathering with a Chinese language delegation led by Mr. Zhang Qingwei, Vice Chairman of the Standing Committee of the Nationwide Folks’s Congress, on the Presidential Villa in Abuja.
In keeping with a press release issued by his spokesperson, Mr. Stanley Nkwocha, Shettima emphasised that Nigeria’s commerce relations with China are rising yearly by 33%, demonstrating resilience even because the Nigerian financial system continues to get better. He reaffirmed Nigeria’s dedication to supporting and strengthening this partnership, describing the bilateral relationship as deeply cherished.
Reflecting on the long-standing ties between the 2 nations, Shettima famous that Nigeria and China have loved heat bilateral relations for over 53 years, courting again to 1971.
