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Nigeria Target Becoming No.1 Net Exporter to China in the Next Five Years
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
Troops ambush terrorist group, recover bicycles in Marte–Dikwa axis
By: Zagazola Makama
Troops of the Nigerian Army under the Joint Task Force North East, Operation Hadin Kai, have repelled suspected terrorists during an ambush operation along the Marte–Dikwa axis of Borno.
Security sources said the encounter occurred late on March 13 when troops of the 50 Task Force Battalion under the 24 Task Force Brigade, in conjunction with personnel of the 134 Special Forces Battalion and members of the Civilian Joint Task Force, laid an ambush along the main supply route between Marte and Dikwa in Borno State.
According to the sources, the troops made contact with a group of terrorists moving on bicycles at about 10:15 p.m.
The troops immediately engaged the insurgents forcing them to withdraw into nearby bushes.
During exploitation of the area, the troops recovered the corpse of one suspected terrorist, four bicycles and other sundry items believed to have been abandoned by the fleeing insurgents.
Troops ambush terrorist group, recover bicycles in Marte–Dikwa axis
Oshodi will represent Africa’s interest at WTT, says Mailantarki
The Vice President of the Nigeria Table Tennis Federation (NTTF), Hon. Khamisu Ahmed Mailantarki, has hailed the appointment of Nigeria’s foremost table tennis administrator, Wahid Oshodi to the Board of World Table Tennis (WTT).
Hon. Mailantarki described the appointment as a “round peg in a round hole,” noting that Oshodi’s elevation to the game’s apex commercial body is a testament to his track record of excellence.
Oshodi, who is the current President of the African Table Tennis Federation (ATTF) and Executive Vice President of the International Table Tennis Federation (ITTF), was appointed as a Director to represent the ITTF on the WTT Board alongside ITTF President Petra Sörling.
“This is a proud moment for Nigeria and a victory for the African continent,” Mailantarki stated.
“Barrister Oshodi has risen through the ranks from the national level to the continental stage with a vision that has transformed the sport.
“Having him as a decision-maker at the highest level of World Table Tennis ensures that African interests are well-represented.”
The NTTF Vice President further congratulated the Nigerian sports community, emphasizing that Oshodi’s presence in the WTT inner circle will serve as a catalyst for the continued growth and commercialization of the game globally.
Oshodi will represent Africa’s interest at WTT, says Mailantarki
Troops rescue six kidnapped victims after gun battle with terrorists in Kaduna
By: Zagazola Makama
Troops of the 1 Division Nigerian Army under Operation FANSAN YANMA have rescued six kidnapped victims after engaging suspected terrorists in a gun battle in Kachia Local Government Area of Kaduna State.
Sources told Zagazola Makama that the rescue operation followed credible intelligence on the movement of armed terrorists suspected to be transporting abducted victims through forest routes in the area.
According to the sources, troops deployed at the Forward Operating Base (FOB) Gurara, under Sub-Sector 4 of Operation FANSAN YANMA, responded swiftly to the intelligence at about 7 a.m. on March 14.
The troops subsequently laid an ambush at a suspected crossing point used by the terrorists around Sabon Kurutu Village in Kachia LGA.
“During the operation, troops made contact with the terrorists and engaged them in a fierce gun battle. The criminals, overwhelmed by the superior firepower of the troops, fled into the surrounding bush, abandoning some items,” the source said.
Following the engagement, troops combed the general area and successfully rescued six kidnapped victims. However, a seventh victim, a minor, was reported to have died during the crossfire between the troops and the fleeing terrorists.
Troops also recovered three motorcycles believed to have been used by the terrorists during the movement of the abducted victims.
Preliminary interrogation of the rescued victims revealed that they were abducted earlier on March 14 from Janjala Village in Kagarko Local Government Area of Kaduna State. The victims said they had been moved through forest routes by the terrorists before the troops intercepted them.
The rescued victims and the body of the deceased minor were evacuated to Katari Hospital for medical attention and other necessary procedures.
Military sources said families of the rescued victims had been contacted.
The Military said the troops 1 Division Operation FANSAN YANMA and other task force has continued sustained offensives and intelligence-driven operations aimed at dismantling terrorist and bandit networks across the North-West region.
Troops rescue six kidnapped victims after gun battle with terrorists in Kaduna
Troops ambush terrorist group, recover bicycles in Marte–Dikwa axis
Oshodi will represent Africa’s interest at WTT, says Mailantarki
Troops rescue six kidnapped victims after gun battle with terrorists in Kaduna
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