Nigeria is deepening its economic partnership with china, signing a new framework agreement aimed at boosting trade, industrial growth, and digital transformation.
The agreement was signed in Yaoundé, Cameroon, by Nigeria’s minister of industry, trade and investment, Jumoke Oduwole, and china’s minister of commerce, wang Wentao.
The deal establishes a flexible platform for cooperation, with both countries identifying key priority areas to drive shared development.
Under the trade module, both sides are expected to promote the export of Nigerian specialty goods, particularly agricultural products and services, while advancing the liberalisation and facilitation of trade in goods and services.
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The agreement also targets more resilient supply chains, with plans to establish investment facilitation mechanisms to support Nigeria’s industrialisation, transformation, and upgrading of key sectors.
Speaking at the signing, Oduwole described the agreement as a strategic pathway to deliver industrialisation, job creation, and export diversification in line with national priorities.
Both countries will collaborate on modernising development sectors by enhancing digital trade, expanding e-commerce, electronic payment systems, logistics services, and cloud-based solutions—aimed at narrowing Nigeria’s digital gap and boosting overall digital development.
(Editor: Ebuwa Omo-Osagie)
