RIJHIS

RIMA International Journal of Historical Studies (RIJHIS)

 

www.rijhis.com | One of the Most Recent Historical Studies Research Journal in Africa Since 2018

ISSN: 2672-4871

rijhis

ISSN

2672-2871

Phenomenon of China-Nigeria Economic Relations

Odeh E. Lemuel & Sam O Aghalino
(Volume 1, Issue 1, January 2018)

Abstract

By 1960, China recognized that the Western Imperialism was indeed a threat to the continent of Africa. In providing alternative, she was soon beginning to offer bilateral trade relations with her in order to foster the development of the Region. It was an offer which over the years eventually snowballed in the diplomatic Sino-Nigeria Economic Relations. The relations aging over forty years old have proven to yield more benefits to the nation than with their conventional partners of the West. Undeniably, like every other mutual relation, this relationship has also been bedeviled with a number of negative impact, which of course are mostly brewed from the challenges which the relationship poses. Nonetheless, these challenges and negative effects could be quickly subdued if more is done to expand policy creation, institution building, culture, leadership capabilities and investment in human capital and entrepreneurship so as to maximize gains. This paper therefore seeks to analyse this relationship using a historic-structural, analytical and multidisciplinary approach. Generally, while the relationship has been rightly identified as win-win situation in favour of the Chinese much could certainly have been achieved particularly in the area of technological transfer and institutional build up coupled with human investment. In what ways can this one-way traffic, lopsidedness, inequality, and one-sidedness, if there are, be tackled? What mechanism can be adopted for future references? What can other countries learn in this bilateral tie between China and Nigeria? In the light of the foregoing, this paper examines China-Nigeria tie from the perspectives of economic relations.

Keywords: Phenomenon, Bilateral Trade Relations, Technological Transfer, Institutional Build-ups, and Human Investment.