Connect with us

News

Nigeria Target Becoming No.1 Net Exporter to China in the Next Five Years

Published

on

Nigeria Target Becoming No.1 Net Exporter to China in the Next Five Years

By: Michael Mike

Nigeria has said its target is to become net exporter to China in the next five years, overtaking Brazil which currently stands atop the list with the net export of $104.32 billion.

The country’s ambition was revealed by the Director General, China-Nigeria Partnership, Joseph Tegbe on Thursday at the China-Africa Economic and Trade Expo in Abuja,

Tegbe recalled that Nigeria presently has an export $22.6 billion, however said that the narative is about to change with the latest upgrade of China-Nigeria relations into partnership.

Brazil export to China, according to the United Nations COMTRADE database on international trade in 2023.

Tegbe. who spoke at the opening of the China-Africa Economic and Trade Expo in Abuja, said: “One of our primary goals is to increase trade volume between Nigeria and China. As of December 2003, trade volume between Nigeria and China was over $22 billion

“But on the other hand, when you look at Brazil and China’s relationship, today, Brazil ranks as China’s ninth largest trading country. And during this same period, Brazil’s export to China in 2023 was $105 billion. While China’s export to Brazil was just $59 billion. Thus making Brazil a net exporter to China.

“Distinguished ladies and gentlemen, this is our desired position as a nation. For us, the next five years, to push our trade volume between China and Nigeria higher than what it used today and for Nigeria to become a net exporter to China.

“It is also worth noting that industrializing Nigeria means industrializing 25% of Africa. An economically sound and stable Nigeria signifies a prosperous continent of Africa”

He also disclosed that no fewer than 1200 Nigerians are trained yearly by the Chinese firm, Huawei, as a pointer of the new things to come.

Currently, he also said 30 Nigerian officials, drawn from diffferent sectors of the economy are undergoing training.

He said: “The Nigerian-China Strategic Partnership is already making results. As of today, one of China’s companies, Huawei, trains an average of 1,200 Nigerians every year in Nigeria.

“As we speak, 30 Nigerian officials, drawn from various ministries, departments and agencies, are in China, undergoing an intensive training on the governance of China and the strengthening of economic development between China and Nigeria.”

Tegbe stressed the place of Nigeria in the continent, saying: “It is also worth noting that industrializing Nigeria means industrializing 25% of Africa. An economically sound and stable Nigeria signifies a prosperous culture of Africa. “

Speaking on the Expo, the Chinese Ambassador to Nigeria, Yu Dunhai said: “This exhibition is an important event organized to implement the outcomes of the Beijing Summit Forum and the consensus reached between our two heads of state. I am pleased to see that this exhibition brings together many outstanding entrepreneurs and innovators in a wide range of fields, including engineering, contracting, advanced manufacturing, biotechnology, energy conservation, environmental protection, and green energy.

“Through the exhibition and exchanges, we believe it can play an important role in further promoting the process of industrialization and agricultural modernization in Nigeria, and facilitate in-depth cooperation between our two countries in all fields.”

On his part, the Chairman, China International Contractors Association,Mr Fang Qiuchen, revealed that Chinese firms are mobilising funds to invest in Nigeria as a fallout of the recent FOCAC summit.

He said: “We want to be together to work on the infrastructure, on the projects, especially on the new energy projects, as well as the digital smart cities, many renovation projects.

“So we are here, we’ll bring the capital, we’ll bring our technology, we’ll also bring the very genuine, honest, we want to collaborate with the Nigerian partners for a very pragmatic cooperation to do some of the works here so that we can grow together to benefit the economic and social development of Nigeria”.

On the funding of infrastructure, Fang said: “So China is also working with a consortium of all the banks together, African banks and China Development Bank. We want to work together to financing more of the projects here in Nigeria, so that they can benefit the economic development.”

Though, he failed to disclosed the amount they are bringing in, he noted that: “The investment we can see is huge, I should say, because the projects are not small, because it’s infrastructure.”

He also added: “As the new round of scientific and technological revolution and digital transformation is on the way, green development and the digital economy have emerged as new engines driving economic growth, presenting vast opportunities for cooperation in green and sustainable infrastructure. Both China and Nigeria are actively exploring the use of advanced technologies, such as big data, cloud computing, and Al, to enhance the intelligence and automation of infrastructure. The integration of digital technology with new infrastructure, the blue economy, and agricultural modernization has emerged as a focal point for cooperation. Furthermore, renewable energy projects, including solar and wind, are gaining increased attention worldwide, further advancing the development and utilization of the clean energy.

“These emerging characteristics and trends not only facilitate the transformation and upgrading of infrastructure cooperation between China and Nigeria, but also inject new impetus for mutual benefit and shared development.”

He also revealed that the Expo is a fallout of the recent Beijing Summit, which aimed to “effectively accelerate the infrastructure cooperation between China and Africa.”

He revealed that: “We planned to hold the China Engineering and Technology Expo and the China-Nigeria Infrastructure Cooperation Forum here in Abuja this year, at the same time, to further strengthen the mutual understanding and trust between the engineering companies of the two sides while exploring new areas and potential opportunities for further cooperation.

“We believe that through the elevation of the bilateral relationship to the comprehensive strategic partnership, and through our joint efforts, the bilateral infrastructure cooperation will for sure yield more fruitful results in the days to come.”

Nigeria Target Becoming No.1 Net Exporter to China in the Next Five Years

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Boko Haram beheads women found with charms, accuses them of shirk in Gwoza

Published

on

Boko Haram beheads women found with charms, accuses them of shirk in Gwoza

By: Zagazola Makama

Fighters of the Boko Haram faction loyal to Ali Ngulde have beheaded two women in the Mandara Mountain area of Gwoza Local Government Area of Borno State after accusing them of engaging in shirk (idolatry).

Sources told Zagazola Makama that the victims were apprehended by the terrorists who alleged they were found with charms (layu) during a search around its settlements.

In the video the insurgents claimed the charms found on the women were evidence of forbidden practices and immediately subjected them to the faction’s makeshift trial system.

They accused the two women of practising shirk after they found some charms on them. The terrorists took them to a secluded part of the mountains and executed them after the so-called trial,” the source said.

He added that the execution was carried out publicly in the presence of other fighters and people to instill fear and enforce obedience to the faction’s doctrines.

Zagazola reports that the Ali Ngulde faction has intensified punitive measures in recent months, targeting individuals accused of sorcery and spying while some were killed for attempting to defect..

Boko Haram beheads women found with charms, accuses them of shirk in Gwoza

Continue Reading

News

NSCDC intercepts diverted Yobe government tractors, exposes alleged sabotage ring in ministry

Published

on

NSCDC intercepts diverted Yobe government tractors, exposes alleged sabotage ring in ministry

By: Zagazola Makama

Operatives of the Nigeria Security and Civil Defence Corps (NSCDC) in Yobe have intercepted two government-owned tractors allegedly being smuggled out of the state for illegal sale, uncovering what sources describe as an “internal sabotage network” within the State Ministry of Agriculture and Natural Resources.

Zagazola Makama gathered that the tractors, part of Governor Mai Mala Buni’s agricultural support programme, were reportedly diverted by officials who have long been suspected of selling government-owned farm machinery to neighbouring states.

It was gathered that the latest incident occurred on Oct. 22 when NSCDC personnel intercepted two tractors being moved from an estate along the bypass in Damaturu and headed towards the Nayinawa axis, allegedly en route out of the state.

A security source said that the tractors bore clear government insignia, leaving no doubt about their ownership. However, more than one month after the interception, no official from the Ministry of Agriculture including the Commissioner, Permanent Secretary or any departmental director, has stepped forward to officially claim the machinery or explain the circumstances surrounding the attempted diversion.

“These tractors carry bold government identification. Despite that, no authorised official has come to claim them or provide documentation. Instead, we have seen strong behind-the-scenes pressure to release them quietly,” the source said.

According to the source, the NSCDC officer who made the arrest insisted that all parties involved must appear to provide explanations before the tractors could be released. His refusal to bow to pressure allegedly angered influential interests both within the Corps and in the state bureaucracy.

Zagazola gathered that the officer was subsequently transferred out of Yobe State in what insiders described as an attempt to “bury the case and silence resistance”.

Investigations further revealed that this was not the first diversion of agricultural machinery under the state’s empowerment scheme. Some tractors were reportedly smuggled and sold in a neighbouring state months earlier, with no internal accountability action taken.

The diversion of the tractors undermines Governor Buni’s vision of strengthening mechanised farming, boosting food production and mitigating food shortages in Yobe.

A senior agricultural stakeholder, who pleaded anonymity, said: This is pure economic sabotage. These tractors were procured to support farmers and strengthen food security. Diverting them for personal gain is not just theft it is an attack on the state’s development.”

Zagazola reports that the tractors remain in NSCDC custody pending official claim and clarifications. Both the NSCDC and the Ministry of Agriculture have not issued public statements on the development as at the time of filing this report.

NSCDC intercepts diverted Yobe government tractors, exposes alleged sabotage ring in ministry

Continue Reading

News

DSS arrests notorious bandit in Bauchi village, recovers cash and ammunition

Published

on

DSS arrests notorious bandit in Bauchi village, recovers cash and ammunition

By: Zagazola Makama

Operatives of the Department of State Services (DSS) have apprehended a notorious bandit in Bojinji Village on the outskirts of Bauchi during a surprise raid, recovering millions of naira in cash and a large cache of ammunition.

Sources told Zagazola Makama that the suspect had relocated to Bauchi from Zamfara State, claiming to be fleeing persecution, and had settled in the community with his family. Bauchi has been a preferred destination for people affected by conflicts in neighbouring states, but security operatives say some criminal elements exploit this pattern to mask their activities.

The raid, carried out without prior warning, caught residents by surprise. “The DSS traced the suspect’s illicit wealth and movements before executing the operation,” a security source said.

Investigations revealed that the suspect was known locally for his lavish lifestyle, spending entire days drinking at Unguwar Yelwan Angas and buying alcohol for others, but no one suspected him of criminal activity until the DSS intervention.

Security officials have urged community members to assist security agencies by reporting suspicious individuals, particularly those whose lifestyle appears inconsistent with their means, as such vigilance is critical to preventing crimes and exposing criminal networks.

Security sources have confirmed that further investigations are ongoing to determine the extent of the bandit’s operations and any accomplices within the state.

DSS arrests notorious bandit in Bauchi village, recovers cash and ammunition

Continue Reading

Trending

Verified by MonsterInsights