Nigeria-China trade volume highest in Africa, hits $22.6 billion
28 November 2024 |
1:18 am
Vice President Kashim Shettima has applauded the steady rise in the volume of trade between Nigeria and China, revealing that it reached $22.6 billion in 2023.
Vice President Kashim Shettima has applauded the steady rise in the volume of trade between Nigeria and China, revealing that it reached $22.6 billion in 2023.
He spoke, yesterday when he received a delegation from China at the Presidential Villa, Abuja. The delegation was led by the Vice Chairman of the Standing Committee of the National People’s Congress, Zhang Qingwei. According to Shettima, trade between Nigeria and China is one of the highest in Africa.
“In 2023, our trade relations with China got to 22.6 billion dollars, one of the highest in Africa, if not the highest and that trade relationship is growing by at least 33 per cent every year. I want to reassure you that we will support you in whatever way we can. We believe in you, we respect you and we cherish our relationship,” he said.
Shettima stressed the need to strengthen relations between both countries, which had spanned over 50 years for the benefit of both nations. He noted that Nigeria and China enjoyed good bilateral relations for 53 years, dating back to 1971 and that the friendship was evident in the numerous high-level visits between both nations, including the visit of the President to China in September 2024.
The visits, he said, had fostered deeper cooperation and strengthened ties between both nations. The VP, who expressed his admiration for China’s culture and traditions, said the country was already making its mark among the committee of nations and called for greater engagements between both countries.
“This is the time when there should be greater South-South cooperation. There should be greater engagement between China and Nigeria. For us, it is also time to strengthen ties,” he said.
Shettima, who assured the delegation that Nigeria supports the One China policy, expressed optimism that Nigeria would surmount its security challenges. He, therefore, appealed for support from China in that regard.
“You have mentioned security; there can never be peace without development and there can never be development without peace.”
We really want to reposition the security architecture of our country. We are investing in technology and we need your support, we need your cooperation and your partnership,” he said.
Earlier, Zhang said the strategic partnership between Nigeria and China was opening a new page of relationship between both countries. He said China was ready to move the relationship to a new height.
“In September, President Tinubu attended the Forum on China-Africa Cooperation (FOCAC) and also had a state visit. President Tinubu and Xi Jinping jointly announced to elevate Nigeria-China relations to a comprehensive strategic partnership, opening a new chapter of relations. China stands ready to work with Nigeria to implement the important consensus between our leaders on the outcome of the summit and elevate Nigeria- China relations to a new height,” he said.
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Vice President Kashim Shettima has applauded the steady rise in the volume of trade between Nigeria and China, revealing that it reached $22.6 billion in 2023.
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