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Nigeria seeks strategic partnership with China
President Umaru Musa Yar'Adua has called for the establishment of a
beneficial strategic partnership with China in the development of the
country's power, energy and transportation sectors.
Speaking at the opening of bilateral talks with President Hu Jintao of
China, Yar'Adua assured the Chinese leader that his administration was
already establishing a regulatory framework for the involvement of
private or foreign investors in the development of public infrastructure
in Nigeria.
According to a communiqué issued by both leaders, Yar'Adua said: "The
direction we want to go is Private Public Partnership in which Chinese
investors can partner their Nigerian counterparts to invest in these
strategic areas and recoup their investments within a certain period.”
"Nigeria is at the take-off point in its journey to the year 2020 when
we expect to join the league of the 20 most industrialized nations in
the world. We need this strategic partnership with China which we are
very sure will be mutually beneficial to the two countries.”
"We are looking at the role China can play in critical areas such as
power, energy and transportation. I am also sure you are looking at what
role Nigeria can play in providing energy security for the Peoples
Republic of China. In Nigeria, we need massive investments to develop
our untapped but vast gas reserves and we know China can play a vital
role here. We both have strategic interest in gas.”
"Nigeria needs domestic gas for power and China needs Liquefied Natural
Gas for its industries. I hope Chinese companies can get involved in the
ongoing discussions. Nigeria needs foreign direct investments from China
to develop its transport infrastructure, especially railways and
waterways as well as to develop the domestic gas grid, power generation
and distribution. This kind of strategic partnership in power and energy
as well as in transport infrastructure is what Nigeria needs at this
period and I am sure this will help us to deepen our relationship."
He urged President Jintao to support Nigeria's aspiration to become a
permanent member of the United Nations (UN) Security Council and called
on China to "bring its influence to bear" on the resolution of Africa's
problems, especially Darfur. President Yar'Adua applauded the remarkable
achievements China had made in economic and social development and
reaffirmed Nigeria's commitment to the one-China policy.
Responding, President Hu Jintao proposed the establishment of a
Nigeria-China Joint Commission on Trade and Investment. He also promised
that China would work with the African Union (AU), the UN and the
Sudanese Government to achieve a permanent resolution of the crisis in
Darfur. He also pledged China's support for President Yar'Adua's
program of economic and social transformation as reflected in the
seven-point agenda.
