Nigeria to China, Reduce Tariffs on Nigeria’s Products

nigeriaNigerian president Muhammadu Buhari Meets Chinese Premier Li Keqiang in Beijing.

The Federal Government of Nigeria on Monday appeal to the world most populous nation China to cut the current tariffs levied on Nigeria’s products exported to China.

While speaking to a Chinese delegation in Abuja, the Vice-President Yemi Osibanjo said the reduction was important to foster mutual economic interests of both nations as currently being done by China for its neighbours.

”This is why your offer of agricultural modernisation plan is very important to us and we will follow them up as quickly as possible.

“Our government is investing a great deal in agriculture, not only for increasing job opportunities for our people, but also in feeding our people and for exports.”

The Vice-President also lauds China’s willingness to work with Nigeria in building industrial parks/free trade zones and the development of infrastructure, and sought support for the present administration’s economic diversification agenda.

“President Muhammadu Buhari considers our relationship with China a priority and I am sure in your discussions with the Minister of Budget and National Planning, he would have told you the importance the President attaches to our relationship,” said the Vice-President.

China’s Vice Minister of Commerce, Mr. Qiam Keming that led the Chinese delegates said they are in the country “to implement the outcome of the last meetings between the presidents of Nigeria and China and to enhance existing cordial friendship and bilateral trade relations between the two countries.”

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]; Tel: +2347065163489.

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