Nigeria Backs China’s Global Governance Plan, Targets $22bn Trade Growth
Nigeria has endorsed China’s Global Governance Initiative (GGI), tying the move to accelerating economic opportunities, trade expansion, and infrastructure financing critical to Africa’s largest economy.
The endorsement, delivered in Abuja by the Director General of the Nigeria–China Strategic Partnership (NCSP), Mr Joseph Tegbe, on behalf of President Bola Ahmed Tinubu, GCFR, comes as bilateral trade between Nigeria and China already exceeds $22 billion annually, positioning Beijing as Nigeria’s largest trading partner.
Tegbe noted that with Nigeria facing an estimated $100 billion infrastructure financing gap, the GGI framework offers a platform for mobilising resources towards energy, transport, and industrial projects that will support long-term growth.
He added that Nigeria’s digital economy strategy, targeting 70 per cent broadband penetration by 2025 and projected to lift the fintech payments market to $18 billion—fits seamlessly into the initiative’s practical cooperation agenda.
He further stressed that Nigeria’s leadership in Africa’s demand for permanent UN Security Council representation, its peacekeeping record across West Africa, and its role in driving ECOWAS and AU regional frameworks give added weight to its endorsement of the GGI.
“The Global Governance Initiative is more than a vision; it is a call to action,” Tegbe said, affirming that Nigeria stands ready to work with China and other partners to translate shared principles into measurable progress for its over 200 million citizens and for Africa at large.
