The dialogue explored the international context of the Belt and Road cooperation and agreed that it would drive an inclusive and participatory international system that would accord with the historic struggles of the developing nations for a fair, equitable and new international economic order. The dialogue recognized that the core features of the Belt and Road, which is essentially connectivity, is at the heart of the contemporary challenge of Africa and therefore, urged Africa in general and Nigeria, in particular, to play decisive roles in the mechanism of the Belt and Road by appropriate policy engagement. As a strategic framework of an inclusive international cooperation, the Belt and Road whose core value of extensive consultation, joint contribution, and shared benefits aligns with the historic struggle for a new, fair and just international order.
Specifically emphasizing the centrality of Africa to the Belt and Road mechanism, the deputy ambassador of the People’s Republic of China to Nigeria, Mr. Li Jing at the dialogue, said that the Belt and Road initiative has, because of its openness and inclusiveness, spread beyond the countries and regions along the traditional ancient Silk road trade routes to Africa and added that “the continent,s development agenda are therefore in synergy with the Belt and Road initiative,” and that there is no doubt that Africa and Nigeria through appropriate policy facilitation could align to the central features of the Belt and Road to advance her modernization and industrialization. According to the Chinese diplomat in Nigeria, “the Forum on China-Africa Cooperation (FOCAC), an engine driving Sino-Africa cooperation since 2000, is increasingly and seamlessly integrating with the Belt and Road initiative in terms of philosophy and mechanism and is playing a leading role in China-Africa partnership as a cooperation mechanism, adding that “as a pace setter of China/Africa cooperation, China/Nigeria bilateral cooperation can benefit a lot from the Belt and Road initiative.”
Despite some strategic lacuna in the Nigeria’s government, economic recovery blueprint, the Economic Recovery and Growth Plan (ERGP), participants at the Dialogue noted that it represents the boldest measure in Nigeria’s recent history to tackle the perennial issue of infrastructure deficit, and consequently observed that the Nigeria’s federal government economic blueprint aligns strategically to the core elements of the Belt and Road initiative. The dialogue participants, therefore, called on the federal government to lead the way in the underlying framework of “extensive consultation, joint contribution and shared benefits” of the initiative and further urged the federal government to set a high-level commission of experts and relevant government departments to examine and consult on how Nigeria can engage fully with the Belt and Road process and achieve optimum benefits in other to strengthen the national aggregates. More importantly, the dialogue observed that the Belt and Road international cooperation framework represents a significant shift in the international system and as a key regional power, with the largest concentration of black people in the world, Nigeria cannot stand aloof, while a tectonic but a less dramatic shift in the global balance of power is taking place. The dialogue, therefore, urged Nigeria to actively take part in the consultative mechanism of the Belt and Road framework, work within it, to leave her imprint in the emerging international economic, financial and political architecture, which the mechanism is both the institutional and structural expression. Nigeria, the dialogue noted, must be at the cutting edge of new and emerging trends in the international arena and in this connection, exhort the Nigeria’s Ministry of Foreign Affairs to liaise more closely with research Think Tanks, relevant scholarly communities with a view to engaging more proactively on the changing pattern of the international system.
The China’s initiated Belt and Road has already spawned the creation of a major international financial institution, the Asian Infrastructure and Investment Bank (AIIB) with solid capital base of one hundred billion U.S dollars to finance infrastructure and other related projects in Asia and other developing nations. Currently with a membership of nearly seventy countries across all the regions in the world, including advanced industrialized countries in the West like Germany, the U.K, Italy etc. the bank has currently only two Africans countries – South Africa and Egypt but is open to membership from all countries in the world. The dialogue urges the Nigeria government to immediately enter into consultation and negotiation to accede to the membership of the AIIB, not only to access her huge liquidity but to ensure her influence on this strategic framework of an emerging international financial architecture, after having been under colonial domination when last, a global financial system was established in the aftermath of the World War 11 in the 1940s, that brought to the existence of the twin Bretton Wood intuitions of the World Bank and International Monetary Fund, the IMF.
Nigeria and China bilateral cooperation broadly consultative and productive are currently at all-time high, though with profuse prospects to ever widen and deepen, can be engaged fruitfully to find Nigeria’s structural niche to the Belt and Road international cooperation mechanism and optimize the country’s exposure to the opportunities of the Initiative. But to find the appropriate policy framework to engage the process, Nigeria, the Dalogue noted, must refrain from knee-jerk approach, but initiate a sound approach of properly studied and thoroughly examined process that brings about meaningful contribution to the process and shared benefits to all participants, including Nigeria.
The existing of mechanism of China/Africa cooperation, (FOCAC) is a credible and reliable frontier for Africa’s regional engagement to the Belt and Road international cooperation. Already, a highly productive framework of China-Africa cooperation, FOCAC already established follow-up mechanisms can broaden engagements to integrate and synergize the core issues of the Belt and Road to achieve optimum results.
The dialogue on the Belt and Road initiative summarizes the mechanism as fresh opportunities to construct a new international system of a community of shared future for all mankind, calling on Africa, which has largely bore the brunt of unfair international system to engage actively in the process and deliver on the historic struggles of its people to bring about a democratic and inclusive international order, with emphasis that Nigeria must live up to her historic destiny to lead Africa in the new era.