Nigeria anticipates increased Chinese investments and technology transfer, according to the Minister of Works, David Umahi. He emphasized that China should expand its economic support for Nigeria beyond existing infrastructure projects.
Chinese Infrastructure Contributions
During a courtesy visit by the Chinese Ambassador to Nigeria, Yu Dunhai, Umahi highlighted various infrastructure projects being executed by Chinese firms such as CCECC, CHEC, CBC, and CGC. He noted that China has played a major role in Nigeria’s development but urged for deeper collaboration.
Call for Greater Investment and Technology Transfer
Umahi called on the Chinese government to boost investment and technology transfer in Nigeria, particularly in road construction and industrial development. He stressed the importance of training Nigerian engineers in China, equipping them with advanced skills to improve local infrastructure standards.
“China has a track record of world-class infrastructure. We need that expertise here and structured programs to train our engineers.”
Bilateral Relations and Naira Swap Deal
Umahi also encouraged further cooperation to strengthen diplomatic ties between the two nations. He urged Ambassador Yu Dunhai to accelerate discussions on the naira swap deal, which could facilitate smoother trade transactions between Nigeria and China.
Chinese Ambassador’s Response
In response, Yu Dunhai praised Nigeria’s cultural diversity and entrepreneurial spirit. He acknowledged Nigeria’s economic potential, likening it to China’s growth trajectory.
The ambassador commended President Bola Ahmed Tinubu for prioritizing quality infrastructure and expressed optimism about Nigeria’s participation in BRICS. He reaffirmed China’s commitment to expanding economic cooperation with Nigeria.
Conclusion
With China’s deepening economic involvement in Nigeria, both nations have the potential to enhance infrastructure development, technology transfer, and trade relations. The acceleration of the naira swap deal could mark a new chapter in their bilateral partnership.
