President Bola Tinubu has called on China to strengthen its partnership with Nigeria by increasing the current $2 billion currency swap deal between both countries. This deal is essential for boosting trade and investment between the two nations. He also urged China to review the $50 billion aid package pledged for Africa, emphasizing that the continent’s infrastructural demands require a more significant commitment.
During a meeting in Abuja with China’s Foreign Minister Wang Yi, Tinubu said that an increased currency swap would accelerate Nigeria’s infrastructure development and deepen bilateral relations. He highlighted that the current swap value is insufficient to meet Nigeria’s ambitious development goals.
“Our partnership must grow stronger and become unbreakable,” Tinubu stated.
Tinubu also called for China’s support for Nigeria’s quest to secure a permanent seat on the United Nations Security Council, urging China to use its influence to make this a reality.
While thanking China for its $50 billion aid to Africa, Tinubu noted that the continent requires more funding to meet its infrastructure and economic development goals. He assured China that Nigeria is committed to fulfilling its obligations and achieving set targets.
Tinubu highlighted his visit to China last year as productive, during which Nigeria signed multiple agreements to boost development. He also commended China for its swift response to the recent earthquake in Tibet.
Foreign Minister Wang Yi expressed China’s dedication to Nigeria’s growth and support for its Renewed Hope Agenda. He praised Nigeria’s efforts in maintaining regional peace and stability and assured continued Chinese investments focused on infrastructure and job creation.
Yi also affirmed China’s backing for Africa’s inclusion in the UN Security Council and welcomed Nigeria’s potential membership in BRICS. He acknowledged President Tinubu’s visionary leadership in advocating for Africa’s needs on the global stage.
This meeting underscores the importance of strengthening Nigeria-China ties. With increased currency swaps, enhanced aid, and mutual cooperation, both nations aim to achieve rapid development and address shared challenges.
