The federal government has called for the removal of obstacles hindering investment and economic growth, as Nigeria and China move to strengthen bilateral trade relations.
At the unveiling of the Nigeria-China Bilateral Business, Trade, and Investment Summit 2025 in Abuja, minister of Foreign Affairs, Yusuf Tuggar, stressed the need for Nigeria to modernise its business environment.
Represented by the director of Economy, Trade, and Investment at the Ministry of Foreign Affairs, Ambassador Bolaji Alade Akinremi, the minister highlighted the importance of fostering innovation and investment-friendly policies.
“We must shift from outdated models to forward-thinking, technology-driven business ecosystems,” he said, emphasising the urgency of creating a more conducive business climate.
The chairman of the House of Representatives Committee on Nigeria-China Parliamentary Relations, Jafaru Yakubu, underscored the significance of strengthening economic ties between the two nations.
“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,” Akinremi said.
China’s Economic and Trade Commercial Counsellor, Wang Ying-Ki, reaffirmed Nigeria’s role as China’s largest trade and investment partner in Africa.
