How China’s Belt and Road Initiative affects Nigeria, Africa

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President Buhari and President of China Xi Jinping

By Lawal Sale Maida, News Agency of Nigeria (NAN)

Since Nigeria joined the Belt and Road Initiative (BRI) in 2018 at a summit in Beijing, Nigeria has recorded tremendous success, resulting in being the Africa’s largest economy and the most populous nation in Africa.

BRI — a Chinese proposal to build a silk road economic belt and 21st Century maritime silk road in cooperation with related countries — was unveiled by President Xi Jinping during his visit to South Asia in 2013 to make Africa part of BRI.

Also, the declaration of the Forum on China Africa Cooperation (FOCAC) 2018 in Beijing Summit and its 2019-2021 African Plan indicates that Africa is an important partner in the BRI cooperation.

Nigeria is among the 40 African countries that signed the memorandum of understanding with Beijing to the partnership of BRI.

So far, 126 countries, including 26 European countries, have also signed BRI cooperation agreements with…



Source: News Agency of Nigeria