Chinese Ambassador to Nigeria, Yu Dunhai, has described the recent tariff challenges and global trade war sparked by the United States as an opportunity to deepen economic and trade relations between China and Nigeria.
  
Speaking at a news conference over the weekend, Yu framed the U.S. trade policies as a crisis with opportunities, emphasising the potential for mutual cooperation and stronger ties between both countries.

He further noted the importance of maintaining a free and open multilateral trading system to drive African nations’ development and revitalisation.
 Stating that the stability and predictability of global trade environments are essential for economic growth across the continent, the envoy observed that African nations were committed to development and revitalisation, which require a free, open multilateral trading system and a stable, predictable global environment.
  
He also highlighted China’s long-standing reputation as a trustworthy and dependable partner for Africa, praising its steadfast support and collaborative approach.

Stressing that China’s dedication to high-level openness and market accessibility was crucial to mitigating the uncertainties facing the global economy, Yu stated that this commitment provides the much-needed stability in an era marked by frequent disruptions to international trade.

He reiterated the Asian giant’s efforts to expand market access for least-developed countries in Africa, showcasing the zero-tariff treatment pledge announced during the recent Forum on China-Africa Cooperation (FOCAC) Beijing Summit.

He highlighted the tangible opportunities these initiatives have created, enabling African nations to boost exports and enhance their economic prospects. Expressing optimism about the potential for enhanced China-Nigeria cooperation across various sectors, the ambassador listed the opportunities to include increased exports of Nigerian goods to China, investments in key industries and expanded infrastructure development.

He emphasised that such collaborations could significantly contribute to Nigeria’s economic growth and modernisation.  Yu also reaffirmed China’s shared commitment with Nigeria to fostering a fair and inclusive international trade environment, criticising rising protectionist tendencies globally, and urged nations to resist such measures in favour of collaboration.

He called for the upholding of the multilateral trading system, resistance of protectionism and an open, inclusive and fair international environment.