Nigeria open for business, Tinubu tells China

President Bola Tinubu yesterday said Nigeria is open for business and constructive partnerships.
“We need accelerated growth and we are ready to do business honestly with those ready to do business with us,” he said.

The President spoke while hosting President XI Jinping of China’s Special Envoy, Peng Qinghua, at the Presidential Villa, Abuja.

He promised that his administration would promote ease of doing business.

Speaking to Peng, who is also the Vice Chairperson, Standing Committee of the National People’s Congress, People’s Republic of China, the President said both countries could learn from each other, though Nigeria will remain non-aligned.

President Tinubu’s spokesman, Tunde Rahman, quoted him as saying: “We will continue to work to promote democracy in the West African sub-region.

“I’m a product of democracy and shall work day and night to advance democracy.

“We will fight terrorism and all forms of criminality. We can learn from each other, but we will remain non-aligned.”

Peng pledged China’s increased economic cooperation with Nigeria, saying the country is essential to Africa and the world.

He said both countries have good bilateral relations and economic cooperation, noting that Chinese companies were doing well in Nigeria in railways, roads, hydropower and free trade zones.

Commending President Tinubu’s plan to lead Nigeria to a new era of economic development and prosperity, the Chinese envoy, however, said there were areas where Nigeria could benefit from China.


He called on the two countries to share ideas and align strategies, urging President Tinubu to also create a more conducive environment for investment.

The Chinese delegation included Ambassador to Nigeria Cui Jianchun and Minister-Counselor Zhang Yi.