₦airaland Forum

The Chinese Ambassador to Nigeria, Yu Dunhai, has commended President Bola Ahmed Tinubu’s economic reforms, saying they have supported Nigeria’s economic recovery and created conditions for deeper cooperation between both countries.

Yu made the remarks on Wednesday in Abuja at a reception marking the 77th anniversary of the founding of the People’s Republic of China.

The ambassador said China welcomed Tinubu’s structural reforms, macroeconomic stabilisation measures and efforts to improve the business environment.

“We highly commend President Tinubu’s structural reforms, macroeconomic stabilisation, and business environment enhancements, which have boosted Nigeria’s economic recovery and created optimal conditions for deeper cooperation,” he said.

Yu disclosed that bilateral trade between Nigeria and China reached $18 billion in the first half of the year, representing a 35 per cent increase.

He added that Chinese imports from Nigeria rose by 81 per cent during the period.

The envoy said recent agreements on economic partnerships and aquatic exports had also provided institutional support for expanding trade between both countries.

Looking ahead, Yu said China was prepared to align its 15th Five-Year Plan with the Tinubu administration’s Renewed Hope Agenda in areas including industrialisation, the digital economy, and green and blue economies.

“Our future cooperation holds boundless potential,” he said, while inviting Nigeria to join the World Artificial Intelligence Cooperation Organisation to strengthen cooperation in technological development.

Yu also described the relationship between Nigeria and China as increasingly close, noting that both countries were celebrating 55 years of diplomatic relations.

“Under the strategic leadership of President Xi Jinping and President Bola Ahmed Tinubu, our relationship has entered the fast lane,” he said.

Reflecting on his two years in Nigeria, the ambassador praised the resilience and determination of Nigerians, saying his travels across the country had deepened his appreciation of the people and their ability to adapt to changing circumstances.

Yu also highlighted China’s economic performance, saying the country’s GDP grew by 4.7 per cent in the first half of the year, driven in part by emerging sectors such as artificial intelligence, robotics and innovative pharmaceuticals.

He further highlighted China’s initiatives in data and artificial intelligence, as well as its zero-tariff treatment for 53 African countries.

Speaking at the event, the Director-General of the Nigeria-China Comprehensive Strategic Partnership and Minister of Power, Joseph Tegbe, said the anniversary provided an opportunity to reflect on the longstanding relationship between both countries.

Tegbe said Nigeria valued China’s contributions through investment, financing and engineering to major projects, including the Lekki Deep Sea Port, railway modernisation and the Zungeru Hydroelectric Power Station.

He also cited cooperation in healthcare, people-to-people exchanges and technical trade.

Tegbe reaffirmed Nigeria’s commitment to the One-China policy, while commending China’s zero-tariff programme for Nigerian producers.

Also speaking, the National Chairman of the Allied Peoples Movement and Chairman of the Inter-Party Advisory Council, Yusuf Dantalle, urged Nigerians to draw lessons from China’s development experience.

Dantalle attributed China’s progress to what he described as sacrifice, political stability, commitment to national development and prioritisation of the public good.

He called for sustained diplomatic and economic cooperation between Nigeria and China.

Shantyken:
A war I gave innocent and good people of Palestine to vacate my target area yet they refused. In war if u carry gun against me that also with gun, sorry none of us at that point is innocent anymore.

Exceed15:
Oh because your children were not among abi?

Blunt99:
You also only supports it because of religion hatred.

It is not wrong when you are doing exactly the same thing they did to you.

Even dogs were not spared in the Oct 7 attack

They would have done worse and even carpet bomb Israel is Hamas had the capacity to do so.

With the little they had, you could see how babaric they were murdering and kidnapping every living thing they saw.

Again, that was no genocide but war, and all is fair in love and war.

Chikel20000:
So in ur little brain, d killing of northerners during d 1960 coup justifies d killing of millions of Igbos in d war?

IsraeliAIRFORCE:
You must be talking about Christian genocide in Nigeria by jihadists. Your analogy has nothing to do with the Arab-Israeli conflict.

You said innocent people were? The so-called innocent Arabs in Palestine will kill any Jew if they can't use him for ransom.

Blunt99:
It is very justified, war is different from genocide.

When at enemy threatened and attack, you don't have the right to tell them how they should respond.

Both religion are equally imported, but the world are at peace with one because of their doctrine,

While the other is always in at least one terrorism controversy every single day.

Blunt99:
At least, you are enjoying a democratic election and you are happy seeing it.

Can you say the same about your sit tight tyrannical Islamic governments.

Do your Islamic countries have a Jewish Arab party that is allowed to contest, or even on fair play?

Definitely no...

Mcteeew...

Exceed15:
Shut up ...so those thousands of people Palestine massacred Oct 2023 on Isreal soil aren't innocent human being ba? Bloody hypocrites

AustineE1:
Funny enough,Isreals foriegn policy remains the same,whether Netanyahu wins or not....terrorists,rogue nations and extremists will always be on the receiving end.

Parachoko:
You Raised the School fees in Anambra state and you said boldly that Education Is Not For The Poor..

jamoyakz:
Yesterday I made 6k from Lokoja to Abuja with road side vehicle. Na then I know say we civil servant dey suffer

Racoon:
Just proving themselves incompetent everywhere.Meaning the NRC cant manage its own train to provide adequate railway commuting for passengers.

Private airlines, jets, Sadly private ICUs are running inside FG teaching hospitals because the govt own have been killed by corruption. Tampolo is being given billion naira pipeline surveillance contracts while the Navy and maritine police are seating as lame ducks


This is how the NRC will be mismanage and private owners will come up to liquidate it. Perhaps the imbeciles running the agency have forgotten that railway is a FG regulated agency.

Sheuns:
It’s a private project. Don’t give credits of everything to government.

osuofia2:
I Wished the White didn't leave earlier,

Kalashnikov49:
Obama and Biden banned the press, but nobody knows.

Kalashnikov49:
Ypur tears are heartfelt..

Need to cry more..

AMINDA:
In other words, he claimed to have removed subsidy only to spend more on subsidies in 6 months than Buhari spent on subsidy in 8 years. What an Economic genius!

"Tinubu has given Nigerians the worst of both worlds: he removed the relief but retained the opaque costs. Nigerians got the pain; government kept the bill. You do not build a federation by impoverishing citizens so that Abuja can send bigger cheques to governors. That is robbing households to subsidise governments."

- Alhaji Atiku Abubakar

DeepSight:
Like the fraudulent coastal road?

AMINDA:
“Tinubu told Nigerians subsidy was dead. Yet NNPC’s audited accounts reportedly contain approximately ₦17.5 trillion in energy-security costs and petroleum under-recoveries, including about ₦7.13 trillion classified as Energy Security and ₦8.67 trillion in under-recoveries. So what exactly did Tinubu remove? If subsidy is dead, why are under-recoveries alive?"

- Alhaji Atiku Abubakar

DeepSight:
Settle down.

You earn N10 monthly.

Cost of goods and services you need monthly is N10.

Okay?

Then something happens.

You start to earn N50 monthly.

But cost of goods and services you need is now N100.

Are you richer or poorer?

Mind you, you may be able to pay your domestics better and have even more domestics.

But overall, are you richer or poorer?

Think about this analogy not only for the states but for the common man.

AMINDA:
Kindly explain why Tinubu has borrowed more money in 3 years than Buhari did in his entire 8-year tenure despite having removed subsidy. The argument then was that Nigeria was borrowing to subsidize fuel but subsidy is gone and Nigeria is still borrowing far more money than before. Where is the money? Where are the infrastructural projects?

Sheuns:
4.5bn under Buhari was $10,000,000

16bn under Tinubu is $12,307,693

That’s just a little over $2M increase.

Krankhead:
Davido I'd naive. Politics is a career even in USA. Look at the people in house of rep in USA. Some have been there for years

Awillologo:
Music star Davido has publicly acknowledged Peter Obi's statement calling for a free and fair governorship election in Osun State, ahead of Saturday's poll.

The Labour Party's 2023 presidential candidate took to X on Thursday to urge the Independent National Electoral Commission, security agencies, political parties and other key stakeholders to guarantee a credible electoral process in the state.

Peter Obi stressed that the election belonged to the people of Osun and that no individual or institution should stand between residents and their right to vote freely.

https://www.legit.ng/entertainment/celebrities/1725090-davido-addresses-peter-obi-stance-osun-governorship-election/