Premium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
INVESTIGATION: Beyond the Facade: Unveiling the Violence in Nigeria’s ‘Peaceful’ Presidential ElectionsINVESTIGATION: Inside Nasarawa schools where teaching, learning are tortuous, dangerous#EndBadGovernance movement and government’s convoluted responses, By Jibrin IbrahimINVESTIGATION: How displaced Nigerian villagers are massacred in search for food
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. 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.
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.
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.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tinubu’s China visit’ll strengthen China-Nigeria relationsThe state visit of President Bola Tinubu to China will culminate in the strengthening of bilateral relations between China and Nigeria. Amb Bolaji Akinremi, Director, Economic, Trade and Investment, Ministry of Foreign Affairs, made this known in an interview with the News Agency of Nigeria (NAN) on Sunday.
Read more »
JUST IN: Paris 2024: Nigeria’s 4x400m men’s relay team disqualifiedThe spot won by Nigeria has now been given to South Africa.
Read more »
UPDATED: Paris 2024; Nigeria’s 4x400m men’s relay team disqualifiedThe spot won by Nigeria has now been given to South Africa.
Read more »
Wildlife NGO calls for more protection of elephants in NigeriaWild Africa, a global non-governmental organisation, has called for better protection of elephants in Nigeria.
Read more »
Tinubu meets Chinese premier, says Africa holds vast opportunity for investment, growthPresident Tinubu said Africa is willing to partner with China for progress and development.
Read more »
Tinubu meets Chinese premier, says Africa willing to partner for economic investmentsPresident Bola Tinubu says Africa is willingly to partner China for economic investments, growth, and development.
Read more »