Tag: China

  • Tinubu returns to Nigeria today after extensive official trip

    Tinubu returns to Nigeria today after extensive official trip

    President Bola Tinubu will return to Abuja on Sunday after a two-week official trip to China and the United Kingdom (UK).

    Bayo Onanuga, the special adviser on information and strategy to the president, made the announcement in a statement on Saturday.

    Tinubu left Abuja for China on August 29 but stopped in Dubai before arriving in Beijing on September 1.

    During his trip, Tinubu met with Chinese President Xi Jinping, and both leaders signed five memoranda of understanding (MoU) on behalf of Nigeria and China.

    The MoUs cut across areas of trade, infrastructural investments, media cooperation, and security improvements.

    Tinubu said he was committed to replicating Chinese infrastructure in Nigeria.

    The president left Beijing for London and met with King Charles III.

     

  • China and Africa should neither speak Latin nor Greek – By Owei Lakemfa

    China and Africa should neither speak Latin nor Greek – By Owei Lakemfa

    THE on-going Triennial Forum on China-Africa Cooperation, FOCAC, holding in Beijing from September 4-6, 2024, raises a fundamental question: do both sides understand the language they speak?

    The theme: “Joining Hands to Advance Modernisation and Build High-Level China-Africa Community with a Shared Future”, presupposes that both are walking hand-in-hand towards the same direction. But do two walk together unless there is an agreement? The ‘strategic partnership’ agreements being signed by China and individual African countries do not give the impression that they are on the same page.

    To formalise these agreements, Chinese President Xi Jinping has met with African leaders like Presidents Felix Tshsekedi of the Democratic Republic of Congo, Bola Ahmed Tinubu of Nigeria and the leaders of Mali, Togo, Djibouti and Comoros.

    In my reading of the summit, China’s interests are basically four. First, is to hugely increase its exports and services to Africa which includes building infrastructure.

    The second is to vastly increase its imports from Africa, basically minerals like lithium, copper and cobalt.

    The third is to better safeguard its funds by moving billions of dollars which can be trapped in the United States to Africa as loans. The loans promised this Thursday is $50.70 billion.

    The fourth is to influence countries and build partnership across the globe. This is evident in its being able to gather over 50 African leaders in its capital. This is as China faces the issue of Taiwanese sovereignty, challenges with countries in the South China Sea and handling the unpredictability that is the USA, a giant that has a history of trampling on countries. On the long run, China hopes to crown its influence with a land and sea network linking it with Africa.

    On the other hand, I cannot decipher what Africa’s strategic interests are beyond endorsing statements and agreements, and, expecting more from the perceived generosity of China. For me, Africa would have achieved quite a lot, if all we do is study China.

    Let us use the agreement Nigeria signed this week with China as a case study. Permit me to begin with a preliminary observation. While President Tinubu is in China, Vice President Kashim Shettima back home, led the Nigeria National Economic Council which included Ministers and State Governors, to meet American billionaire, Bill Gates. Now, Gates, a salesman of capital and suspect vaccines, is not quite trusted in Nigeria.

    Gates said, six years ago, he told the same Nigerian elite corps about the urgent need to invest in the country’s greatest resource: its people.

    Gates’ pain is the obvious neglect and abandonment of the Nigerian people to the extent that, at least, 18.3 million of its children are today out of school.

    Nigeria, in the agreement with China, stated it has “the largest population in Africa”. True, but as Gates pointed out, we have neglected this huge human resource. This is to the extent that some educated Nigerian youths prefer to cross the Sahara Desert, endure suffering and possible enslavement in North African countries, and cross the vast Mediterranean Sea into unfriendly reception in Europe, rather than remain in the country.

    Nigeria claimed that its economic reforms and that of China are “…on a similar course”. I beg to disagree. While China’s economic reforms had, by 2017, lifted 300 million people out of poverty, Nigeria sank deeper, making it the poverty capital of the world. By 2024, China has wiped out extreme poverty, making it the United Nations model for poverty eradication. This is at a time Nigeria is talking about poverty alleviation.

    Rather than compare ourselves with China on such matters, Africa should learn. For instance, the key strategies China employed to eradicate extreme poverty are education, production, ecological compensation, social assistance and relocation. In Nigeria’s case, rather than expand educational opportunities, we are contracting it and even making our youths obtain education loans to meet increasing costs. Our production is in so terrible a state that rather than refine petroleum products, we prefer importation and increasing their prices leading to unprecedented hyper-inflation.

    So, while China’s reforms have led to it by 2023 refining 14.8 million barrels per day, Nigeria’s reforms have led to zero fuel refining in the last three decades.

    As for ecology, we have abandoned our people to the devastation that is oil and environmental pollution and, advancing desert. Yes, we engage in social assistance but this programme is widely acknowledged as a criminal enterprise with billions of Naira in the pockets and bank accounts of identifiable persons, including past ministers.

    Relocation was an important strategy: rather than struggle to rebuild old villages, the Chinese simply built new ones and relocated the people. I recall in 2017 visiting two of such model relocations in the remote villages of Yangguang and Xinxing.

    Rather than Nigeria and China reforms being on a similar course, they are actually headed in opposite directions. While China manages its foreign exchange by refusing to let it float uncontrollably, Nigeria uncritically tossed its currency into shark-infested seas expecting it to float. It is like tossing a baby into a river and expecting the child to swim.

    Nigeria’s electricity reforms are wrapped in rich layers of propaganda with the only reality being ever higher tariffs, for criminally poor services. Under claimed reforms, the electricity sector, except its transmission arm, was auctioned to private owners in September 2013. Rather than improvements, all that are audible are lamentations. Then suddenly, after a Federal Executive Council meeting, the Buhari administration announced on February 20, 2020, that the country was generating 13,000MW and transmitting 7,000MW when the installed distribution capacity was about 4,000kw! That did not lead to improved services as it was obviously a fabulous story told through the lips of then Power Minister, Mamman Saleh.

    On Monday, September 3, 2024, Power Minister Adebayo Adelabu announced his own figures about the country hitting a three-year high of 5,313mw; same as it was eight years ago! But I did not hear him tell us our actual distribution.

    No, Nigeria and China are not operating on the same wave length. While China’s reforms are pro-people and development-oriented, Nigeria’s version are anti-people; more of deformities than reforms.

    A piece of good news is that Presidents Xi and Tinubu agreed on currency swap to boost trade between their countries. The expectation is that unlike President Buhari who made a similar agreement for a $2.4 billion swap in 2018, but did not have the balls to implement it, President Tinubu would be courageous enough to see this through.

    The hope is that at this FOCAC 2024, Africa and China would neither speak Latin nor Greek, but a language both sides understand and, that we would be humble enough to learn from China.

  • President Tinubu arrives China on state visit

    President Tinubu arrives China on state visit

    President Bola Tinubu has arrived in Beijing, China, for a five-day official state visit.

    A statement by his spokesman, Ajuri Ngelale, said he arrived in China at about 9.00 a.m. local time on Sunday and was received by key officials of the Chinese government.

    Tinubu was also welcomed by governors Babajide Sanwoolu, Sani Uba of Lagos and Kaduna States respectively, as well as members of his cabinet.

    The President is expected to hold talks with his Chinese counterpart, Xi Jinping, and visit two major Chinese corporations, Huawei Technologies, as well as the China Railway and Construction Corporation (CRCC).

    “This is with a view to achieve one of Mr President’s top agenda items, which is the completion of the Ibadan-to-Abuja segment of the Lagos-Kano high-speed rail line,” said Ngelale.

    Thereafter, he said the President would meet chief executive officers of 10 major Chinese corporations with assets under management totaling over 3 trillion dollars across multiple sectors of the economy.

    According to him, the President will thereafter join the Forum on China–Africa Cooperation (FOCAC) Summit, where several African heads of state will engage with Chinese leaders on various important matters.

  • U.S. not seeking new cold war with China – Official

    U.S. not seeking new cold war with China – Official

    Jake Sullivan, U.S. President Joe Biden’s National Security Advisor, on Thursday said the U.S. was not seeking a new Cold War with China or change China’s system. Sullivan made this known during a meeting with President Xi Jinping of China in Beijing.

    He explained that the revitalisation of U.S. alliances especially in Asia was not against China. The presidential aide also conveyed the regards of President Biden to President Xi.

    He recalled that since the San Francisco Summit between the two world leaders, the duo had earnestly implemented their common understandings and achieved positive progress.

    According to him, the earlier round of strategic communication with Chinese Foreign Minister, Wang Yi in China was “in-depth, candid, substantive and constructive.”

    “The U.S. does not seek a new Cold War; it does not seek to change China’s system. The revitalisation of U.S. alliances is not against China.

    “The U.S. does not support Taiwan’s independence and it does not seek conflict with China.  The One-China policy of the U.S. has not changed and it has no intention to use Taiwan as a tool to contain China,” Sullivan said.

    He said that the U.S. hoped to maintain strategic communication with China and find a way for the duo to coexist in peace. The National Security Advisor expressed confidence that U.S.-China relations would develop in a sustainable way.

    Sullivan further said that Biden was looking  forward to having communication again with  Xi soon.

    Earlier, Xi stated that in a changing and turbulent world, countries needed solidarity and coordination, not division or confrontation. According to him, people want openness and progress, not exclusion or regress.

    “As two major countries, China and the U.S., should be responsible for history, for the people and for the world. They should be the source of stability for world peace and the propeller for common development.

    “Great changes have taken place in the two countries and in China-U.S. relations. China’s commitment to the goal of a stable, healthy and sustainable China-U.S. relationship remains unchanged.

    “Its principle in handling the relationship based on mutual respect, peaceful coexistence and win-win cooperation remains unchanged. Its position of firmly safeguarding the country’s sovereignty, security and development interests remains unchanged.

    “Its efforts to carry forward the traditional friendship between the Chinese and American people remain unchanged,” Xi said.

    He further explained that China remained focused on managing its own affairs well and would continue to deepen reform comprehensively. This, he said, was to further improve the system of socialism with Chinese characteristics that suits China’s national conditions.

    Xi said that China would follow the path of peaceful development. He also assured that the country would work closely with other countries for common development and jointly build a community with a shared future for mankind.

    Sullivan’s visit to Beijing is scheduled to end on Thursday. It is aimed at setting the stage for Biden to hold his final summit with Xi before leaving office in January, 2025.

  • President Tinubu set to leave Nigeria for China in September

    President Tinubu set to leave Nigeria for China in September

    President Bola Tinubu will depart for Beijing, China, in the first week of September, during which he will sign several MOUs with President Xi Jinping, his Chinese counterpart. The President’s Spokesman, Ajuri Ngelale, said this while briefing State House correspondents on Tuesday.

    He said the President would also visit two major Chinese corporations, Huawei Technologies, as well as the China Railway and Construction Corporation (CRCC).

    “This is with a view to achieve one of Mr President’s top agenda items, which is the completion of the Ibadan-to-Abuja segment of the Lagos-Kano high-speed rail line,” said Ngelale.

    Thereafter, he said the President would meet chief executive officers of 10 major Chinese corporations with assets under management totaling over 3 trillion dollars across multiple sectors of the economy.

    The sectors include information and communications technology, oil & gas, aluminium production, harbour construction/dredging services, financial services and satellite technology, among others.

    Ngelale said the series of meetings and activities would have immediate and future benefits to the Nigerian economy and Nigerian people.

    “The MOUs will involve agreements in deepening cooperation in green economy, agriculture, satellite technology development, media enterprise development and promotion, as well as blue economic development and national planning cooperation.

    “This 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,” said the spokesman.

    According to him, the President will thereafter join the Forum on China–Africa Cooperation (FOCAC) Summit, where several African heads of state will be present to engage with Chinese leaders on various important matters.

    He said President Tinubu would make a presentation in his capacity as the chairman of the ECOWAS Authority of Heads of State and Government on behalf of the region.

    He said Tinubu would proceed to the high-level peace and security plenary, where he would further make a presentation on peace and security in the region and in Africa.

    According to him, the engagement is expected to yield tangible, immediate and future dividends for the Nigerian economy and for the benefit of the Nigerian people.

    “The President will place premium on deliverables, ensuring that this is not a talk show, but will yield results for our people, justifying any expenditure that is made during the course of this trip,” said Ngelale.

  • NNPC Ltd begins liquefied gas supply to Japan, China

    NNPC Ltd begins liquefied gas supply to Japan, China

    The Nigerian National Petroleum Company Limited (NNPC Ltd.) has begun shipment of Liquefied Natural Gas (LNG) cargoes to Japan and China on Delivered Ex-Ship (DES) basis.

    Mr Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd., quoted Mr Segun Dapo, the Executive President, Downstream, NNPC Ltd., as saying this in a statement in Abuja on Monday.

    Dapo was quoted as saying that the development was in line with the company’s strategic vision to be a reliable global energy supplier.

    “Apart from being more financially rewarding, the DES system allowed NNPC Ltd. to inroad into the downstream segment of the LNG sector,” he said.

    NAN reports that the Delivered Ex-Ship (DES) is an international commercial term that requires the seller to deliver the products/goods at a specific port.

    The seller takes responsibility for the shipping and insurance for the products/goods until they get to the specified port of delivery.

    It requires expertise and a higher level of efficiency to execute, than the Free on Board (FOB) system.

    Soneye also quoted Dapo as saying that the NNPC Ltd. achieved the milestone in collaboration with two of its downstream subsidiaries.

    He listed the subsidiaries as NNPC LNG Ltd and NNPC Shipping Ltd.

    He said it delivered its first DES LNG cargo from the 174,000m³ LNG vessel Grazyna Gesicka at Futtsu, Japan, on June 27, 2024.

    “Since then, it has expanded its footprint to China with the delivery of one LNG cargo on DES basis.

    “NNPC Ltd. has been involved in LNG trading since 2021 with its first LNG cargo sale in November of that year. It has since traded over 20 cargoes into the European and Asian markets on FOB basis.

    “It will position the NNPC Ltd. to capture more market shares while building in-house capacity and ensuring that global customers are familiar with the NNPC Ltd brand,” he said.

    According to Dapo, the collaboration between NNPC LNG Ltd. and NNPC Shipping Ltd. in executing the LNG supplies on DES basis has strengthened the latter’s position as a world class shipping provider in the LNG sector.

    The Managing Director of NNPC Shipping, Mr Panos Gliatis, was also quoted as saying that the NNPC Shipping intended to build a shipping portfolio (including owned vessels) to provide the sister company and other clients all the shipping flexibilities they needed.

    NNPC LNG Ltd., in collaboration with NNPC Shipping Ltd. is scheduled to deliver at least two more LNG cargoes to the Asian market on DES basis by November.

    More orders are expected before the end of year.

  • Paris 2024: China claim first Olympic Gold medal

    Paris 2024: China claim first Olympic Gold medal

    China claimed the first gold medal of the 2024 Paris Olympic Games by winning the 10m air rifle team event, defeating South Korea 16-12 in the final.

     

    China’s Huang Yuting and Sheng Lihao secured the first gold medal of the Paris Games on Saturday in the 10 meters air rifle mixed team event. South Korea’s Keum Ji-hyeon and Park Ha-jun took the silver, while Alexandra Le and Islam Satpayev of Kazakhstan won the bronze.

     

    Three years after Yang Qian and Yang Haoran claimed gold in Tokyo, Huang and Sheng ensured China retained the title. The reigning world champions led the qualifying round, finishing ahead of their Korean competitors at the Chateauroux Shooting Centre.

     

    Despite gaining a 14-8 lead after the first 11 shots, the gold medal round was challenging. Keum and Park mounted a late comeback, closing the gap to 14-12, but the Chinese pair ultimately triumphed 16-12. Le and Satpayev earned Kazakhstan their first medal of the Paris Games with a 17-5 victory over Germany’s Anna Janssen and Maximilian Ulbrich.

     

     

  • JUST IN: President Tinubu accepts invitation to visit China

    JUST IN: President Tinubu accepts invitation to visit China

    Chinese leader President Xi Jinping has invited President Bola Ahmed Tinubu to pay a state visit to China in September.

    China’s vice minister of foreign affairs, Chen Xiaodong, delivered the invitation to President Tinubu at the Aso Villa on Thursday.

    Chen, who came with a large entourage,  said President Xi would also welcome First Lady Remi Tinubu during the visit.

    President Tinubu accepted the invitation and hoped that it would strengthen Nigeria-China bilateral relations and the proposed currency swap agreement.

    Tinubu calls for strengthening Nigeria-China relations

    President Bola Tinubu on Thursday in Abuja commended the partnership between Nigeria and China.

    The President gave the commendation when he received Mr Chen Xiaodong, the Vice Minister of Foreign Affairs of the People’s Republic of China.

    “For us, it is a new beginning with you. A relationship that has lasted more than 50 years must be nourished, nurtured, and promoted.

    “Our mutual commitment to the values of labour, understanding, and development is very important.

    “I am very happy that President Xi Jinping is paying attention to Africa as a whole and our developmental needs,” President Tinubu told the Chinese delegation at the State House.

    The President welcomed the support of China for a more prominent position for Nigeria in the G20, UN Security Council, and the intergovernmental organisation of developing economies, comprising Brazil, Russia, India, China and South Africa (BRICS).

    “We believe in ourselves. We are determined to enhance the values of our people. Over the years, China has gone through phases of transformation and development.

    “I once visited Shanghai when it was a village, and to see the rapid transformation, the technological development, is worth more collaborative efforts,” the President said.

    President Tinubu commended President Xi Jinping for consistently strengthening relations with Nigeria and Africa.

    “We believe in our bilateral relations, and we want to strengthen that. I am glad you mentioned United Nations, BRICS, and the G20. This is the largest economy in Africa.

    “To classify us as a backwater economy, no matter how hungry we are, we will manage our hunger. We will be friends and partners with those who respect our values, and China is one of them.

    “I commend what President Xi Jinping is doing in Africa, helping with capital mobilization for projects that positively impact the lives and livelihoods of our people in Africa,” said Tinubu.

    He stated that the infrastructure need of Africa was monumental, particularly that of Nigeria.

    “You have good technology that you can transfer. You have a good opportunity to make an indelible mark on Nigeria.

    “We have a very vibrant youth population, well-educated, and ready to learn. Skill development programme and transfer of knowledge is extremely important,” President Tinubu added.

    He also thanked President Xi Jinping for the invitation to visit China.

    “I am glad you appreciate my effort on Lekki Free Trade Zone, and we are doing very well. We need to establish more industrial parks across the country.

    “Nigeria is blessed with mineral resources, and we have a lot of Chinese nationals around. We need to discuss more on that and promote cordial relationship for mutual benefits,” the President stated.

    In his remarks, the Chinese Vice Minister of Foreign Affairs said he was in Nigeria to brief the President on the invitation extended by Jinping and the itinerary of the state visit.

    Xiaodong commended the President for his strategic vision, playing leading roles in ECOWAS and Africa.

    “You are an important leader and a strategist in Africa. We believe that your meeting with President Jinping will open up more discussions and opportunities for Nigeria and Africa,” the Chinese envoy said.

    He also congratulated President Tinubu on his re-election as Chairman of ECOWAS Authority of Heads State and Government.

  • UNIMAGINABLE! Man stores 100 live snakes in his trousers in China

    UNIMAGINABLE! Man stores 100 live snakes in his trousers in China

    A man has been caught trying to smuggle over 100 live snakes into mainland China by cramming them into his trousers, according to the country’s customs authority.

    The unnamed traveller was stopped by customs officers as he sought to slip out of semi-autonomous Hong Kong and into the border city of Shenzhen, China Customs said in a statement on Tuesday.

    “Upon inspection, customs officers discovered that the pockets of the trousers the passenger was wearing were packed with six canvas drawstring bags and sealed with tape,” the statement said.

    “Once opened, each bag was found to contain living snakes in all kinds of shapes, sizes and colours,” it added.

    The statement said officers seized 104 of the scaly reptiles, including milk snakes and corn snakes, many of which were non-native species.

    An accompanying video showed two border agents peering into transparent plastic bags filled with squirming red, pink and white snakes.

    China is one of the world’s biggest animal trafficking hubs, but authorities have cracked down on the illicit trade in recent years.

    The country’s biosecurity and disease control laws forbid people from bringing in non-native species without permission.

    “Those who break the rules will be… held liable in accordance with the law,” the customs authority said, without specifying the man’s punishment.