Wale Edun, minister of finance and coordinating minister of the economy, in a meeting with a Chinese delegation and other government officials in Abuja on August 8, 2024
The ministry of finance says China has expressed commitments to increase investments in Nigeria.
The ministry said the pledge was made when a high-level Chinese delegation led by Wang Yingzi, minister counsellor, visited Wale Edun, minister of finance and coordinating minister of the economy, on Friday.
The meeting focused on the Forum on China-Africa Cooperation (FOCAC) slated for next month and explored strengthening Nigeria-China relations, according to a statement.
The statement said Wang expressed China’s commitment to increasing investments in Nigeria and pledged continued support from Chinese financial institutions.
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On his part, Edun welcomed this partnership, highlighting the importance of Chinese investments in promoting economic growth, job creation, and poverty alleviation across the nation.
“This strategic engagement sets the stage for a stronger Nigeria-China alliance, fostering mutual economic benefits and cooperation,” he said.
“With a renewed commitment to cooperation, both nations are poised to harness the vast potential of their bilateral relations, driving prosperity and development for the benefit of their citizens.
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“The ministry looks forward to a fruitful outcome from the forthcoming Forum on China-Africa Cooperation (FOCAC) and a strengthened Nigeria-China alliance.”
The FOCAC 2024 summit will be held in Beijing from September 4 to September 6.
The theme of the summit is ‘Joining Hands to Advance Modernization and Build a High-Level China-Africa Community with a Shared Future’.
FOCAC’s African members will attend the summit at the invitation of the forum.
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Representatives of relevant African regional organisations and international organisations will also attend the event.
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