China-Nigeria Ties: Lawmakers Prioritise Investments, Ease Of Business

House of Representatives Committee on Nigeria-China Parliamentary Relations has taken decisive steps to enhance bilateral cooperation by inaugurating a Technical Planning Committee and appointing Merited Negotiation Consulting to organise the 2025 Nigeria-China Sustainable Trade, Investment, and Bilateral Relations Summit.

The summit, a significant turning point in strengthening economic ties, is part of Nigeria’s strategic agenda to leverage China’s position as a leading global economic power and key trade partner.

The Federal Government, through the 10th National Assembly, aims to create a more business-friendly environment and attract investments into critical sectors.

During the inaugural meeting, Hon Jafaru Yakubu, Chairman of the Committee on Nigeria-China Parliamentary Relations, emphasised the need to position Nigeria as a preferred 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 said.

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The summit’s key objectives include showcasing market-ready projects, fostering partnerships across sectors, and facilitating direct engagements between investors and financial institutions.

Special focus will be on strategic sectors, including agriculture, mining, power, ICT, oil and gas, construction, and entrepreneurship.

The Technical Planning Committee includes representatives from the Chinese Embassy, the Nigerian Investment Promotion Commission (NIPC), and the National Upstream Petroleum Regulatory Commission (NUPRC).

Private sector stakeholders, such as the China Chamber of Commerce and Lagos Chamber of Commerce, have also pledged their support to ensure the summit’s success.

Executive Vice Chairman of Merited Negotiation Consulting, Kunle Yusuff, assured that the summit would yield impactful outcomes, calling for collaboration from relevant ministries and agencies.

Meanwhile, the Chinese Ambassador pledged technical and logistical support, with the Director-General of the China Chamber of Commerce committing to mobilising Chinese companies already operating in Nigeria.

This initiative underscores Nigeria’s long-term strategy of fostering mutually beneficial partnerships while ensuring that Chinese investments align with the country’s development agenda.