The Chairman of the Committee on Nigeria-China Bilateral Business, Trade and Investment Summit, Hon. Jafar Yakubu, has emphasised the crucial need to address the “Ease of doing Business” between Nigeria and China. He stated this in Abuja recently during the unveiling of the Nigeria-China Bilateral Business, Trade, and Investment Summits 2025.
In a significant move to strengthen economic ties, he addressed a gathering of distinguished guests and leaders who convened to discuss future collaborations.
While speaking, Yakubu noted that the newly established Nigeria/China Relations Committee was formed to acknowledge China’s growing influence in the global economy and its substantial impact on Nigeria’s economic development.
“Through our service delivery, we identified ‘Ease of doing Business’ as a major obstacle hindering seamless business, trade, and investment partnerships between Nigeria and China,” he stated, highlighting the urgency of improving the business environment to foster collaboration and investment.
Yakubu outlined the committee’s vision, which includes presenting credible investment opportunities, fostering collaboration, and promoting products.
“Our focus areas include Agriculture, Mining and Solid Minerals, Power and Renewable Energy, Oil and Gas, Construction and Civil Works, Manufacturing,” he detailed, identifying key sectors that will be pivotal in the upcoming summits scheduled for the second and third quarters of 2025 in Nigeria and China, respectively.
He also revealed that the committee has engaged Merited Negotiating Consulting Firm to organize these summits, aimed at producing a robust report for the National Assembly that will inform legislative agendas. “This summit also seeks to address some of these challenges through a legislative agenda for 2025, with the ultimate goal of enacting policies and laws that will enhance the Nigeria-China developmental relationship,” he added.
Tegbe, however, underscored the significance of global partnerships for sustainable development, quoting Chinese President Xi Jinping’s commitment to sharing development experiences. “China is ready to share its development experience with other developing countries and provide assistance to the best of its ability,” he stated, urging Nigeria to leverage this support to further its developmental goals.
He emphasised that strategic alliances are essential for achieving long-term sustainable development and that Nigeria stood to benefit enormously from close cooperation with China.
Unveiling of the summit was attended by Federal House of Representatives standing committee Chairmen, various Capitan of Industries, and The Honourable Minister for Foreign Affairs Ambassador Yusuf Maitama Tuggar OON, The Chinese Ambassador to Nigeria His Excellency, Yu Dunhai, Director-General, Nigeria-China Strategic Partnership and Global Liaison , Dr. Joseph Tegbe, Director General, China General chamber of commerce, Dr. Tristan Cui, The Director General, Presidential Enabling Business Environment Council, Princess Zahrah Mustapha Audu, The Executive Secretary Nigerian Investment Promotion Commission, Aisha Rimi, SSA to the President on IT and Development, 50 CEOs/MDs of Chinese Companies.
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