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China Grants RMB 200Mn To Support Nigeria’s Economic Development

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​The People’s Republic of China has announced a grant assistance package of RMB 200 million (approximately $28 million) to support Nigeria’s national development and economic growth.

The announcement was made by the Chinese Ambassador to Nigeria, H.E. Yu Dunhai, during a official diplomatic meeting with Dr. Dunoma Umar Ahmed, Permanent Secretary of the Nigerian Ministry of Foreign Affairs, on Thursday in Abuja.

​According to Ambassador Yu, the grant will fund specific projects agreed upon by both governments.

He highlighted the 55-year diplomatic relationship between the two nations, noting that bilateral ties have entered a “new stage of high-quality development” under the leadership of Chinese President Xi Jinping and Nigerian President Bola Ahmed Tinubu.

​Ambassador Yu added that both countries remain committed to implementing the agreements reached by their heads of state and the outcomes of the 2024 Forum on China-Africa Cooperation (FOCAC) Beijing Summit.

​Responding on behalf of the Nigerian government, Dr. Ahmed expressed appreciation for China’s financial support, describing the grant as a reflection of the deep strategic partnership between both nations.

He assured that Nigeria would utilize the funds effectively to execute mutually agreed-upon projects aimed at driving social and economic progress.

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