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IBU LAID TO REST IN HOMETOWN, AMURRI, ENUGU STATEWE’RE WORKING TO HAVE NEW MINIMUM WAGE BEFORE THE END OF JULY – LABOURUS ELECTION: DEMS LOOK TO REPLACE BIDEN AS NOMINEE AHEAD OF AUGUST CONVENTION – CNNNIGERIA: A COUNTRY WHERE GOVERNORS ARE MORE POWERFUL THAN PRESIDENTTINUBU ORDERS PURCHASE, DISTRIBUTION OF N155B FOODSTUFFS TO NIGERIANSENUGU RANGERS YET TO RECEIVE LEAGUE CHAMPIONSHIP PRIZE MONEY – OWUMIJUDICIARY HAS DESTROYED DEMOCRACY IN SOUTH EAST -CSOsKANO EMIRATE CRISIS: JOURNALISTS RESIGNS AFTER CRITICAL REMARKS AGAINST GOVERNOR, LAWMAKERSYAHAYA BELLO’S LAWYER DUMPS HIM, WITHDRAWS FROM N83B FRAUD ALLEGATION CASEEL RUFAI WHO DEFIED COURT ORDERS, DEMOLISHED HOUSES, PEOPLE’S SHOPS, NOW SEEKING JUSTICE – SHEHU SANIPETER OBI: A LONE VOICE IN AN UNSTABLE WORLD – OBI OF ONITSHAFG SPENT N1B ON TINUBU’S TRIP TO ETHIOPIA, N650M ON HONORARIUMUPROAR OVER PLAN TO COMMIT ENUGU ASSEMBLY MEMBER TO PRISON, COMMUNITY ACCUSES COURT OF BIASKANO EMIRATE TUSSLE: FLAG OF AUTHORITY HOISTED AT ADO BAYERO’S MINI-PALACEREPS IN ROWDY SESSION OVER 2023 APPROPRIATION ACT AS SENATE PASSES BILLCOUP ATTEMPT: BOLIVIAN POLICE ARREST LEADERFIVE KILLED AS GUNMEN, POLICE EXCHANGE FIRE IN EBONYIKENYA’S PRESIDENT DROPS TAX LAW AFTER DEADLY UNRESTSIT-AT-HOME: NNAMDI KANU LOSES GRIP AS SIMON EKPA DICTATES TUNEGOVERNORS PROMISE NIGERIANS BETTER WAGESWE’LL SEEK TINUBU’S INTERVENTION IN RIVERS CRISIS – ORJI UZOR KALUWE WON’T REMAIN SILENT IN FACE OF INJUSTICE – CARDINAL ONAIYEKUNFG FAULTS DANGOTE, MEETS LOCAL REFINERS OVER PRICINGHOW ASO ROCK SPENT N244M ON TYRES IN ONE DAYNIGERIAN GOVT SPENT N473M TO SPONSOR TINUBU’S WIFE TRIP TO UK, MOZAMBIQUE, ETHIOPIALABOUR LEADERS DISRUPT LP MEETING WITH PETER OBI IN ATTENDANCEFEC APPROVES VARIATION COSTS FOR THREE ROAD PROJECTSBREAKING: EL RUFAI DRAGS KADUNA ASSEMBLY TO COURT OVER N432B PROBEOPPOSITION PARTIES IN ENUGU SQUARE UP AS ENSIEC RELEASES TIME TABLE FOR LG ELECTIONPROTESTS BREAK OUT IN NSUKKA AFTER POLICE SHOOT, KILL FUN SEEKERHOW I MET CHIOMA – DAVIDOKANO GOVERNOR RESCUES BAYERO’S FAMILY FROM EVICTION IN LAGOSNYSC ANNOUNCES COMMENCEMENT OF BATCH B, STREAM 1 ORIENTATION CAMPSULTAN: YOU GOOFED – SOKOTO GOVT BERATES VP SHETTIMA, TELLS HIM TO VERIFY HIS FACTS BEFORE REACTING‘PLEASE, I NEED WATER’, LAST REQUEST OF CUSTOMS OFFICER WHO DIED IN NASSMINIMUM WAGE: NLC, TUC HOLD EMERGENCY MEETING TODAYCUBANA CHIEF PRIEST FORFEITS N10M TO FG OVER NAIRA ABUSECUSTOMS BOSS SLUMPS, DIES IN HOUSE OF REPSSOUTHERN GOVERNORS CALL FOR DEVOLUTION OF POWERSTHEY’RE PLANNING TO SEND ME TO PRISON FOR INSISTING ON MY MANDATE, ENUGU ASSEMBLY MEMBER CRIES OUTRIVERS PROTEST TURNS BLOODY AS EXPLOSION KILLS ONE IN PORT HARCOURTATIKU, EL RUFAI OTHERS OWN N1.49TRN INVESTMENT IN DUBAISTOP USING MY NAME TO FIGHT POLITICAL BATTLES – NGOZI OKONJO-IWEALAENUGU POLYTECHNIC IWOLLO, HOLDS EDUCATION SUMMIT SATURDAYIT’LL TAKE DECADES FOR THE NORTH TO COME OUT OF BANDITRY – SULTANREVOLUTION THAT WILL CONSUME TINUBU GOVT OVER HARDSHIP WILL START FROM NORTH – DELE FAROTIMI
Thu. Jul 4th, 2024

CHINA TO INCREASE AGRIC IMPORTS FROM VOTING

CHINA TO INCREASE AGRIC IMPORT FROM NIGERIA

The Chinese government has promised to increase agricultural product imports from Nigeria going forward.

This was disclosed in a joint statement between Wang Yi, China’s foreign affairs Minister and his Nigerian counterpart, Yusuf Tuggar, at the first plenary meeting of the China-Nigeria Intergovernmental Committee held in Beijing.

This is after Nigeria exported N572.58 billion worth of agricultural products to the Asian market including China, according to data from the Nigerian Bureau of Statistics (NBS).

The two sides seized the moment to review the positive achievements in the development of China-Nigeria relations over the past 50 years since the establishment of diplomatic relations.

Strengthening Cooperation

According to the joint statement published on China’s foreign affairs website on Saturday, the two countries agreed to strengthen cooperation in infrastructure, electricity, telecommunications, finance, agriculture, industry, mining, free trade zones and other fields.

The Chinese side assured of improving agriculture imports from Nigeria among other things.

“China is willing to further increase imports of high-quality agricultural products from Nigeria. Nigeria is willing to strengthen its partnership with China in mining and solid mineral development and is willing to cooperate with Chinese companies to build factories locally to meet local consumption and export needs.

“The two sides are willing to create an open, transparent, fair and non-discriminatory business environment for cooperation between enterprises of the two countries, support the multilateral trading system with the WTO at its core, oppose trade protectionism, and promote the liberalization and facilitation of trade and investment.” the joint statement partly reads.

Furthermore, China said supported Nigeria in improving its capacity building in military security technology, equipment and intelligence to more effectively respond to traditional and non-traditional security challenges at home and abroad, in the region and internationally, and in maintaining national peace and stability.

What the Nigerian government is saying

In his X page on Saturday, Tuggar confirmed the deliberations in the meeting with the Chinese government.

He stated that their discussions reviewed over 50 years of robust Nigeria-China relations, emphasizing mutual support in international fora like the UN, and exploring new avenues of cooperation in infrastructure, agriculture, and digital economies.

“Both sides agreed to enhance partnership across various sectors and create a business-friendly environment. They also reaffirmed commitments to good governance, regional stability, and economic development, including a currency swap agreement to facilitate trade,” Tuggar tweeted.

What you should know

China is well grounded in commercial relations with Nigeria over the years.

In the first quarter of 2024, China ranked highest among the top trading partners on the import side, followed by India, the United States of America, Belgium, and The Netherlands.

Analysis by trading partners reveals that imports originated mainly from China and were valued at N2,930.10 billion, representing 23.18% of total imports

“The data showed that most of the agricultural products were exported to Asia, valued at N572.58 billion, this was followed by exports to Europe with N366.11 billion,” the NBS for Q1, 2024 showed. The NBS added that further analysis showed that ‘Sesamum seeds’ worth N83.29 billion and N58.04 billion were exported to China and Japan in the period under review.

    • Dons Eze

    DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.

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