By Johnbosco Agbakwuru

ABUJA — THE Minister of Foreign Affairs, Yusuf Tuggar has called on Nigeria to modernize its business landscape by removing obstacles to investment and fostering innovation.

This is as the Chairman of the House of Representatives Committee on Nigeria-China parliamentary relation, Hon Jafaru Yakubu has emphasized the importance of strengthening economic ties between Nigeria and China.

These among other issues were part of the discussions at the unveiling of the Nigeria-China Bilateral Business, Trade and Investment Summit 2025 in Abuja.

The summit is aimed at a significant milestone in the economic partnership between the two nations to present credible investment opportunities, showcase market-ready projects, and foster collaboration between Nigerian and Chinese businesses.

Represented by the Director of Economy, Trade, and Investment at the Ministry of Foreign Affairs, Amb. Bolaji Alade Akinremi, the Minister highlighted the need for Nigeria to prepare for growth by removing barriers that hinder investment, innovation, and sustainable development.

He said: “We must shift from outdated models to forward-thinking, technology-driven business ecosystems,” he said, reiterating the urgency of creating a business-friendly environment for both local and international investors.

Akinremi further highlighted the critical role the Nigeria-China Relations Committee has played in solidifying ties between the two countries.

He stated that “a new chapter in Nigeria-China relations is now. We must work together to unlock Nigeria’s full potential, with a clear focus on the ease of doing business.”

Representing the Chinese Embassy, Economic and Trade Commercial Counselor Mr. Wang Ying-Ki reiterated the importance of Nigeria as China’s largest trade, investment, and infrastructure partner in Africa.

He praised the recent state visit of President Bola Tinubu to China, where both leaders discussed strengthening their nations’ economic ties.





https://www.vanguardngr.com/2025/03/nigeria-china-move-to-clear-trade-restrictions/