Tag: China

  • FG Says China Partnership Will Boost Reliable Power Supply, Local Manufacturing

    FG Says China Partnership Will Boost Reliable Power Supply, Local Manufacturing

    Precious Nwonu, Enugu

    The Federal Government has said stronger collaboration with China in the power sector will support efforts to improve electricity supply, expand renewable energy and promote the local production of power equipment in Nigeria.

    The Minister of Power, Joseph Tegbe, stated this in Abuja on Wednesday night during a reception to commemorate the 77th anniversary of the founding of the People’s Republic of China.

    Tegbe said Chinese investment in Nigeria would have a greater and more sustainable impact if it also contributed to the development of local technical expertise and strengthened Nigerian businesses.

    According to him, cooperation between both countries should not only focus on financing and infrastructure but also on equipping Nigerian engineers and technicians with the skills required to operate and maintain power facilities built in the country.

    “As Minister of Power, I see particular promise in deeper cooperation on achieving reliable electricity, renewable energy, and manufacture of power equipment in Nigeria with our cooperation with China,” Tegbe said.

    He said Nigeria-China relations had evolved from diplomatic ties into a broad partnership spanning infrastructure, healthcare, technical exchanges, trade and investment.

    Nigeria and China established diplomatic relations on February 10, 1971, while the relationship was elevated to a comprehensive strategic partnership by President Bola Tinubu and Chinese President Xi Jinping in September 2024.

    Tegbe, who also serves as Director General of the Nigerian-China Strategic Partnership, acknowledged China’s role in financing, engineering and investing in major Nigerian projects, including the Lekki Deep Seaport, railway modernisation projects and the Zungeru Hydropower Station.

    He also praised China’s development in manufacturing, science, high-speed rail and clean energy, describing its transformation as remarkable.

    The minister further highlighted China’s zero-tariff programme for African countries, saying it could create opportunities for Nigerian producers and help increase the country’s exports to the Chinese market.

    He said bilateral trade between Nigeria and China stood at $28bn at the end of 2025, while trade in the first half of 2026 had reached $17bn.

    Tegbe, however, said Nigeria needed to move beyond increasing trade volumes by boosting domestic production and exports to China.

    “Our shared task is to translate that access into stronger Nigerian production and Nigerian exports to China, with benefits that will endure both economies,” he said.

    The minister also reaffirmed Nigeria’s commitment to the One-China principle, stating that the Federal Government recognised the People’s Republic of China as the sole legal government representing China.

    The Chinese Ambassador to Nigeria, Yu Dunhai, said relations between both countries had entered what he described as “the fast lane” under the leadership of Presidents Xi Jinping and Tinubu.

    Dunhai said bilateral economic cooperation had continued to expand, pointing to recent agreements on economic partnership and aquatic exports as measures that could provide further institutional support for trade.

    He said trade between the two countries reached $18bn in the first half of 2026, representing a 35 per cent increase, while Chinese imports from Nigeria rose by 81 per cent.

    The ambassador said China was prepared to align its 15th Five-Year Plan with the Federal Government’s Renewed Hope Agenda, particularly in industrialisation, digital development and the green and blue economies.

    “Our future cooperation holds boundless potential. China stands ready to align its 15th Five-Year Plan with President Tinubu’s ‘Renewed Hope’ Agenda across industrialisation, digital, green, and blue economies,” he said.

    Dunhai also invited Nigeria to join the World Artificial Intelligence Cooperation Organisation, saying participation would give the country an opportunity to contribute to and benefit from developments in global artificial intelligence.

    He noted that China’s zero-tariff policy covering 53 African countries, which commenced on May 1, had contributed to a 24 per cent rise in China’s imports from Africa during May and June.

    According to him, Chinese innovations in artificial intelligence, digital payments and solar energy were also helping African countries address development challenges.

    Dunhai said Nigeria and China, which are marking 55 years of diplomatic relations, should continue to strengthen their partnership through mutual respect, shared development and practical cooperation.

    “Those who walk the same path go far. Let us empower development through innovation, openness, and sincere cooperation to continuously enrich China-Nigeria friendship and write a new chapter in China-Africa relations,” he said.

  • Nigeria imports goods worth N2.59tn from China

    Goods traded by Nigeria with other West African countries have been ranked as the least among the country’s global trade partners.

     

    Figures obtained from the National Bureau of Statistics’ foreign trade statistics for the third quarter of 2020 revealed that trade with Asian countries topped the list of Nigerian trade partners.

    Part of the report read, “During the quarter, Nigeria imported goods mainly from Asia, valued at N2.59tn.

     

    “Other major imports originated from Europe, valued at N1.8tn while imports from America and Africa amounted to N746.4bn and N175.4bn respectively.

    “Import from Oceania stood at N532.4bn while goods valued at N12.5bn originated from ECOWAS.”

    According to the figures, Nigeria’s imports, by country of origin, showed goods were imported mainly from China (N1.64tn or 30.51 per cent), United States (N482.3bn or 8.96 per cent), The Netherlands (N443.5bn or 8.24 per cent) and India (N354.1bn or 6.58 per cent) respectively.

    The value of exports in Q3 2020 stood at N2.99tn, showing an increase of 34.85 per cent compared to Q2 2020 but a decrease of 43.41 per cent compared to Q3 2019.

     

    Exports by section revealed that mineral products accounted for the largest proportion of exports, amounting to N2.78tn or 93.1 per cent.

    This was due to the crude oil component of this section.

     

     

    Source: www.punchng.com

  • Two chinese hold miners trapped underground for nearly two days

    Twenty-two gold miners have been trapped underground for nearly two days after an explosion in a mine under construction in eastern China.

     

    The blast occurred on Sunday afternoon at a mine in a town near Qixia city in eastern Shandong province, authorities wrote in a social media post.

     

    The explosion badly damaged the exit ladder from the mine and the communications system, so authorities could not contact the trapped miners, the statement released late Monday said.

     

    Authorities have sent rescuers to the mine, which is owned by the Shandong Wucailong Investment Co. Ltd.

     

    Mining accidents are common in China, where the industry has a poor safety record and regulations are often weakly enforced.

     

    In December, 23 miners died after being trapped in a mine in the southwestern city of Chongqing — just months after 16 others died from carbon monoxide poisoning after being trapped underground at another coal mine in  the city.

     

    Source: www.punchng.com