Lawmakers Push for Stronger China-Nigeria Investments, Business Reforms
The House of Representatives Committee on Nigeria-China Parliamentary Relations has intensified efforts to strengthen bilateral ties between both nations, focusing on boosting investments and easing business operations.
Key steps taken include the inauguration of a Technical Planning Committee and the appointment of Merited Negotiation Consulting to organize the 2025 Nigeria-China Sustainable Trade, Investment, and Bilateral Relations Summit.
The upcoming summit aims to be a landmark event in deepening economic cooperation, aligning with Nigeria’s strategic goal to leverage China’s global economic influence and trade partnership. The Federal Government, through the 10th National Assembly, is working to create a business-friendly environment that attracts investments in critical sectors.
Speaking at the inaugural meeting, Hon. Jafaru Yakubu, Chairman of the House Committee on Nigeria-China Parliamentary Relations, highlighted Nigeria’s commitment to becoming a top destination for Chinese investments.
“We are committed to fostering a legislative framework that promotes ease of doing business, ensuring that credible investment opportunities are presented to potential Chinese investors,” he stated.
The summit will focus on:
•Showcasing market-ready projects
•Facilitating partnerships across various sectors
•Creating direct engagement between investors and financial institutions
Strategic sectors of interest include agriculture, mining, power, ICT, oil and gas, construction, and entrepreneurship.
The Technical Planning Committee features representatives from the Chinese Embassy, Nigerian Investment Promotion Commission (NIPC), and National Upstream Petroleum Regulatory Commission (NUPRC). Private sector stakeholders, including the China Chamber of Commerce and Lagos Chamber of Commerce, have also pledged their support for the summit.
Kunle Yusuff, Executive Vice Chairman of Merited Negotiation Consulting, assured that the event would deliver tangible economic benefits and called for collaboration from key ministries and agencies.
Meanwhile, the Chinese Ambassador to Nigeria has promised technical and logistical support, while the Director-General of the China Chamber of Commerce committed to mobilizing Chinese companies already operating in Nigeria.
This initiative underscores Nigeria’s long-term strategy to build mutually beneficial partnerships, ensuring that Chinese investments align with the country’s economic growth and development agenda.
