By David Akinadewo-Adekahunsi 

In a historic trade conference, Nigeria and China have signed a $3.3 billion agreement to develop the Brass Industrial Park and Methanol Complex, marking a significant milestone in their economic cooperation.

The deal was signed at the inaugural China-Nigeria Economic Cooperation and Trade Conference, held alongside the 2024 Forum on China-Africa Cooperation (FOCAC).

The conference, chaired by Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, highlighted the importance of South-South cooperation in achieving sustainable development goals.

The event focused on key areas of collaboration, including infrastructure development, energy, industry, financial, and security cooperation.

The $3.3 billion agreement is expected to boost Nigeria’s industrial output and generate employment opportunities.

Both nations also reiterated their commitment to joint infrastructure projects, including roads, bridges, and energy systems, aimed at accelerating industrialisation and driving long-term economic growth.

Financial and security cooperation were also discussed, with agreements to enhance intelligence sharing to combat money laundering and financial crimes. This marks a critical step toward ensuring a secure and transparent financial environment.

The conference concluded with a strong mutual commitment to ongoing engagement, open dialogue, and reinforced cooperation.

The partnership is expected to propel Nigeria’s economic agenda forward while reinforcing China’s Belt and Road Initiative.

This historic partnership demonstrates the commitment of both nations to deepening economic cooperation, strengthening bilateral ties, and fostering sustainable development.

As they embark on this extraordinary journey together, the world watches with anticipation, eager to witness the remarkable achievements that will unfold from this unbreakable bond.