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South China Morning Post
24-03-2025
- Business
- South China Morning Post
Nigeria courts Chinese investment as interest booms in oil, gas and bigger opportunities
Nigeria is actively courting Chinese investment with the establishment of a dedicated office to streamline partnerships just months after President Bola Tinubu's return from Beijing. Advertisement In September, the Nigerian president attended the Forum on China-Africa Cooperation (FOCAC) in Beijing and carried out a state visit to China, and since then more than 200 Chinese companies have expressed interest in investing in Nigeria. It followed the signing of the Nigeria-China relationship agreement last year, with 74 of those companies specifically focused on the oil and gas industry. According to a statement by Jaafaru Yakubu, chairman of Nigeria's House of Representatives Committee on Nigeria-China Relationship, on March 5, the shift was 'signalling a major boost for the sector'. 01:42 Nigeria opens new China-funded seaport in bid to drive economic growth Nigeria opens new China-funded seaport in bid to drive economic growth While China obtains oil from sources closer to home, such as from Russia, observers note that its growing engagement with Nigeria is driven by broader opportunities, including infrastructure projects and access to the West African nation's large market. Historically, little of Nigeria's oil and gas has been refined domestically, 'so this is probably an area where value can be added to Nigeria's exports, and relatively easily', according to Lauren Johnston, a specialist in China-Africa relations and associate professor at the University of Sydney's China Studies Centre. Until recently, Nigeria has relied heavily on imported refined petroleum products despite the country being Africa's largest oil producer. But the recently built mega Dangote oil refinery – owned by Africa's richest man, Aliko Dangote – can process 650,000 barrels of oil a day. Advertisement For now, China is less dependent on Nigeria's oil overall since it buys from closer markets such as Russia and the Middle East, according to Johnston.
BBC News
06-02-2025
- Politics
- BBC News
State creation: Full list of 31 new states wey House of Reps propose
Di House of Representatives Committee on Constitution Review don make proposal make goment create new states for di kontri. Na on Thursday dem make di proposal for di creation of new states wen dem read di letter during plenary session. Na Deputy Speaker, Benjamin Kalu, wey preside ova di session. Chairman of di committee, Benjamin Kalu propose say make dem create six new states for North Central, four for North East, five for North West, five for South East, four for South-South and seven for South West. If di National Assembly approve dis proposal, Nigeria go get 67 wey don big pass di 50 states wey America get. Di letter state say "Dis na to inform members say di House of Representatives Committee on di Review of di Constitution of di Federal Republic of Nigeria, 1999 (as altered), don receive legislative proposals for di creation of states and local goments for di following order: See di breakdown of states hia: NORTH-CENTRAL NORTH-EAST 8. AMANA STATE from Adamawa State. 9. KATAGUM STATE from Bauchi State. 10. SAVANNAH STATE from Borno State. STATE from Taraba State. NORTH-WEST KADUNA STATE and GURARA STATE from Kaduna State. 13. TIGA STATE from Kano State. 14. KAINJI STATE from Kebbi State. 15. GHARI STATE from Kano State SOUTH-EAST 16. ETITI STATE go be di sixth state for di South East geopolitical zone. 17. ADADA STATE from Enugu State. 18. URASHI STATE from South East geopolitical zone. 19. ORLU STATE from di South Eastern Region of Nigeria. 20. ABA STATE from the South Eastern Region of Nigeria. SOUTH-SOUTH 21. OGOJA STATE from Cross River State. 22. WARRI STATE from Delta State. 23. BORI STATE from Rivers State. 24. OBOLO STATE from Rivers and Akwa Ibom States. SOUTH-WEST 25. TORU-EBE STATE from Delta, Edo, and Ondo States. 26. IBADAN STATE from Oyo State. 27. LAGOON STATE from Lagos State. 28. IJEBU STATE from Ogun State. 31. OKE-OGUN and IFE-IJESHA STATES from Ogun, Oyo, and Osun states.
