According to reports, China has pledged to increase imports of agricultural products from Nigeria after the country exported N572.58 billion worth of agricultural goods to the Asian market, including China, in recent times [1][2][3]
This commitment was made during the first plenary meeting of the China-Nigeria Intergovernmental Committee in Beijing, where Wang Yi, China’s Foreign Affairs Minister, and Yusuf Tuggar, Nigeria’s Foreign Affairs Minister, issued a joint statement [2][3].
The statement outlined an agreement to strengthen cooperation between the two countries across various sectors, including infrastructure, electricity, telecommunications, finance, agriculture, industry, mining, and free trade zones [2][3]. China specifically stated that it is willing to further increase imports of high-quality agricultural products from Nigeria, while Nigeria expressed its willingness to cooperate with Chinese companies to build factories locally to meet both domestic consumption and export needs [2][3].
The two sides also reaffirmed their commitments to creating an open, transparent, fair, and non-discriminatory business environment for enterprises from both countries, as well as supporting the multilateral trading system with the WTO at its core and opposing trade protectionism [2][3].
Citations:
[1] https://twitter.com/Nairametrics/status/1804811952620794323
[2] https://agronigeria.ng/china-to-increase-import-of-agricultural-products-from-nigeria/
[3] https://thenews-chronicle.com/china-set-to-raise-agricultural-imports-from-nigeria-following-fgs-n572-billion-exports-to-asia/
[4] https://twitter.com/DeeOneAyekooto/status/1804905176995594587
[5] https://afrinz.ru/en/2024/06/china-to-increase-imports-of-agricultural-products-from-nigeria/