President Buhari goes to Beijing

President Buhari goes to Beijing

I'm waiting to see if anyone will complain about President Buhari's visit to China. I believe it is one of the most important trips the president will make since he was elected.

China has the the second biggest economy in the world. The growth in the Chinese economy had positive impact on many developing countries, especially in Africa. Even the developed countries are looking towards China to help their economy grow.

I agree that China is not Father Christmas. Whatever they give, they expect something in return. But compared to the economic assistance we receive from the World Bank and IMF, with strenuous conditionality, the Chinese loan and economic assistance is more desirable and useful.

China is important to Nigeria, and Nigeria is important to China. We hope the president will make the right and informed decisions in dealing with China.

According to official Aso Rock statement:

"President Muhammadu Buhari will leave Abuja tomorrow for a working visit to China aimed at securing greater support from Beijing for the development of Nigeria's infrastructure, especially in the power, roads, railways, aviation, water supply and housing sectors.

President Buhari's talks with President Xi Jinping, Premier Li Keqiang and the Chairman of the Standing Committee of the National Peoples’ Congress, Zhang Dejiang will also focus on strengthening bilateral cooperation in line with the Federal Government's agenda for the rapid diversification of the Nigerian economy, with emphasis on agriculture and solid minerals development.
It is expected that in the course of the visit, several new agreements and memorandums of understanding to boost trade and economic relations between Nigeria and China will be concluded and signed.

The agreements include a Framework Agreement between the Federal Ministry of Industry, Trade and Investment and the National Development and Reform Commission of the Peoples' Republic of China to Boost Industrial Activities and Infrastructural Development in Nigeria.
Others are a Framework Agreement between the Federal Ministry of Communications and the China Aerospace Science and Technology Corporation, and a Memorandum of Understanding between Nigeria and China on Scientific and Technological Cooperation.

In keeping with his administration's prioritization of economic diversification and industrialisation to boost employment, President Buhari and his delegation will tour the Shanghai Free Trade Zone and the Guangzhou Economic and Technological Development Zone to gain more useful insights and understanding of the policies that underpinned China's astronomical economic growth in recent years.

The President, whose entourage will include some state governors as well as the Ministers of Agriculture, Water Resources, Transport, Defence, Power, Works & Housing, Industry, Trade & Investment, Federal Capital Territory, Science & Technology and Foreign Affairs, will also open a China-Nigeria Business/Investment Forum in Beijing and meet with members of the Nigerian Community in China before returning to Abuja at the weekend."

We wish President Buhari and his team a safe and fruitful trip.

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