NewStats: 3,264,171 , 8,182,845 topics. Date: Tuesday, 10 June 2025 at 12:50 AM 4yz5g

You’ve made a very important point, and I honestly think more people should be paying attention to this. We’ve talked so much about the US-China trade war, but the real opportunity for us Nigeria and Africa is right here with China looking our way.

Now, $51 billion in investments, aid, and loans? That’s no small amount. If China is serious about diversifying away from the US and they're looking at Africa especially Nigeria as their next big market, we need to come to the table with our heads held high and a plan that benefits us.

With the African Continental Free Trade Area (AFCTA) now in place, this is the best time for African countries to build cross-border industries. It means we can move past just exporting raw materials and start creating value here on the continent. That’s where the real growth and jobs will come from.

You also mentioned how Chinese contractors ed for about 60% of construction work in Africa in 2019. That’s massive! But let’s not just celebrate that. Let’s use it as a sign that China is deeply invested here. So we shouldn’t be begging. We should be negotiating.

Now, about Nigeria being China’s biggest market in Africa absolutely correct. That gives us leverage. We should be pushing for deals that reflect our position. The currency swap agreement you mentioned from $2 billion to $10 billion is a great start. It’ll help reduce our overdependence on the dollar and make trade with China smoother.

But beyond that, we need to focus on capital goods. Let the things coming into the country be machines, tools, and tech that will help us grow industries, not just cheap finished goods. We want factories here, not just warehouses.

If the Minister of Trade and Investment plays his cards right, and presents the right deal to the President, this could be a turning point. And if China is really as eager as it seems, they’ll approve it in a week. All we need to do is make sure Nigeria is smiling for the right reasons not because we got aid, but because we secured a smart, future focused deal.

Let’s get the sweet part of the deal while the timing is perfect.

femisplash:
Enough talk about China-US trade tangles, maybe not enough talk but a shift away from that to China- Nigeria/Africa's more significant emerging opportunities. China is not only turning to Nigeria or Africa in trade market, she is also set to deliver $51billion investment, aid, and loans over the next two years beginning as recently as 2024. Particularly that African Continental Free Trade Area (AFCTA) opens up the possibility of cross-border value chains developing in Africa.
Most of the goods that China imports from Africa are natural resources , in return, Chinese companies export a wide range of goods to Africa, including manufacturing products, Agricultural, industrial machinery , vehicles, etc. A 2019 statistics, for example, shows Chinese contractors ed for about 60% of the total value of construction work in Africa, this is bonkers! - in a good way, I mean.
So, here's the deal, a desperate Xi Jinping looking to diversify his country's market and dependency on the US market, seeing Nigeria being the biggest market for its products in Africa, will strike a deal on Nigeria's own . I expect the minister of trade and investment push a near perfect deal on the table of Mr President. This is where we're back to the China-Nigeria currency swap. Renewal of Naira/Yuan deal from $2billion to as low as $10billion as kick off. As well as more emphasis on capital goods coming in to stimulate local industrialization. That should be the sweet juice we should squeeze out of the deal. A desperate Xi Jinping would not hesitate accelerating its approval in 1week while FG puts on a big smile.

My question is who released the videos. The man obviously didn't

This is an old nairaland post of 2018. Does it mean nairaland is out of content

Don't worry, bro.

Whether there's a refinery or not, it's likely to exceed the $1300 mark.

Just to clarify, I don't harbor any ill feelings toward the APC government or our homeland, but I can confidently say that from my nearly decade-long experience in the foreign exchange market, October and November consistently see the Naira's value rise.

If you have doubts, just look at the historical data – the numbers don't deceive.

2007 thread: https://nairaland.macsoftware.info/92060/naira-gaining-back-value

2016 thread:
https://nairaland.macsoftware.info/3406757/naira-strengthens-against-dollar-bdc

2020 thread: https://wap.nairaland.macsoftware.info/6285549/naira-500-dollar-today-28

2022 thread:
https://nairaland.macsoftware.info/7428352/why-naira-dollar-exchange-rate

oliverwrites:
I have lost 800k today but note that dollar isn't going high to 1300, unless dangote refinery fails. I am only waiting till it gets to about 1100 and then exit. I forsee dollar going to 750 before March unless Dangote refinery fails.

Why is everyone complaining.

If you follow the market, this thing happens every year around this time. It will eventually rise even higher. The op should just calm down. It will rise even higher than #1300

How much. Serious buyer. Ride looks good

Bloody simp. Na why your wife dey cheat. Men like you should be castrated. Weakling

Meektunz:
Been married for over 5 years now and ever since my wife gave birth to my first child, I've been suspecting that it's not my child due to no sense of resemblance.

I finally did a DNA test but unfortunately the result shows that I'm not the father of my first child. No doubt my wife loves me so much and honestly she has done a lot, sacrificed alot for me.

My conscience never allowed me to end the marriage because honestly she is a good wife one could ever ask for though she has her bad sides.

Since the result came out, I never told her or confronted her because I'm very very certain that once I confront her the marriage will end cos alot will happen but everyday once I see the boy and , I get so angry but after some time when we are all playing as a family I will forget.

I still do everything a father could do for his son. Honestly it's not easy to forget about everything.

What do you advise me to do guys?

Japa o. 400k in this economy is not enough.

Goodplace:
Please advise; if someone's earnings in Nigeria is between 350-400k Monthly, is it wise to move to Europe especially United Kingdom for a better life?

Damn bro. You fell real hard, count your losses. Sorry man

Love this show.. Any idea when the new season is going to be released?

Fear women!

Never put your trust in friends. This is so sad

My guy don tire