President Bola Tinubu and Chinese Prime Minister Xi Jinping are currently engaged in a bilateral meeting in Beijing as part of the China-Africa Collaboration Summit.
This summit is expected to attract increased foreign direct investment into Nigeria.
The meeting includes prominent officials from Chinaโs economic team, members of the Nigerian Governorsโ Forum led by Chairman Governor Abdulrazak Abdulrahman of Kwara State and Governor Uba Sani of Kaduna State, as well as members of President Tinubuโs economic team and other cabinet officials.
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Presidential Spokesman Ajuri Ngelale had informed journalists at the State House in Abuja last week that the official visit aims to facilitate interactions between the two leaders on behalf of their countries.
Ngelale stated, โMr. President will also meet with his Chinese counterpart in the person of President Xi Jinping, where several MOUs will be signed. The MOUs will involve agreements in deepening cooperation, in green economy, in agriculture, in satellite technology development, in media enterprise development and promotion, as well as blue economic development and national planning cooperation.โ
He added, โThis is going to be part of a broader engagement where the two heads of state will discuss matters of mutual interest across, not just the economy, but also on issues of national, regional and international security.โ
The meeting also comes amid recent reports of the seizure of Nigerian government aircraft by China due to a debt-related crisis.