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This has led to Nigeria focusing on services trade under the AfCFTA, but to fully leverage it, Nigeria needs to invest in improving the business and export environment, attract foreign and domestic capital, and strengthen its manufacturing sector.
This research has largely shown that most Chinese workers are satisfied with their relationship with the Nigerian people while working abroad. It highlights key advantages of China-Nigeria relations that could be strengthened by both governments.
However, a number of them are subjected to inhumane treatments, with some getting disabled as a result of accidents that happen while on duty.
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There is a need for more market surveillance in Nigeria. Markets should be routinely observed to spot and eliminate inferior goods and prevent their entry.
This piece examines how the US-China tech competition plays out in African countries. It is divided into two sections.
Nigeria must work better with China to strengthen its position in the AfCFTA. With foreign investment and knowledge transfer, China can help Nigeria improve its infrastructure and support its manufacturing sector.
The commencement of the African Continental Free Trade Area (AfCFTA) agreement was announced on January 1, 2021. The AfCFTA seeks to increase intra-African trade through the liberalisation of tariffs on up to 97 percent of the goods and services produced within the continent, and the elimination of non-tariff barriers that impede trade among African countries.
Two decades ago, just as Nigeria returned to democracy in 1999, a young Nigerian afro-pop musician emerged with a rather funny stage name, ‘African China’.
Loans from the Chinese government to Nigeria increased from $1.465 billion in the first quarter (Q1) of 2016 to $3.593 billion in the third quarter (Q3) of 2021. This is a 145.27% increase in China loans over the period.
