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China, Nigeria to increase economic ties

President Tinubu and China Envoy, Peng Qinghua. Photo. Twitter @officialABAT

China has pledged increased economic co-operation with Nigeria, stressing the country is important to Africa and the world.

Chinese President, XI Jinping, stated this through his Special Envoy, Peng Qinghua, who met with President Bola Tinubu at the State House, Abuja on Wednesday.

Qinghua said the two countries had good bilateral relations and economic co-operation, noting that Chinese companies are doing well in Nigeria, especially in railways, roads, hydropower, and free trade zones.

While commending President Tinubu’s plan to lead Nigeria to a new era of economic development and prosperity, the Chinese Envoy said there were areas where Nigeria could benefit from China.

He called on the two countries to share ideas and align strategies, urging President Tinubu to also create more conducive environment for investment.

Responding, President Tinubu said Nigeria was open for business and constructive partnerships and would do business with any country ready to do business with her.

He promised that his administration would work to promote ease of doing business.

“We need accelerated growth and we are ready to do business honestly with those ready to do business with us.”We will continue to work to promote democracy in the West African sub-region,” he said.

The Chinese delegation included her Ambassador to Nigeria, Cui Jianchun and Minister-Counselor Zhang Yi.

Reporting by Abdullah Bello; Editing by Chinasa Ossai and Annabel Nwachukwu