1887

n Journal of African Foreign Affairs - Nigeria-China economic relations and development in Africa, 2006-2016

Volume 6 Number 2
  • ISSN : 2056-564X
  • E-ISSN: 2056-5658
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Abstract

This study examined global partnership and development in Africa tracing the origin, nature and dynamics of the economic relations between Nigeria and China between 2006- 2016. The study focused on the relationship between Nigeria and China in specific areas such as trade, infrastructure, foreign aid and the implementation processes and policy change in the economic relations between the two countries. In view of this, the theory of unequal exchange in international trade was used to explain the nature of the relationship between the two countries. From the theoretical standpoint, unequal trade relationship occurs when two unequal countries produce two different commodities so that they are not in direct competition with each other. The study employed a combination of quantitative and qualitative methods, while data were gathered from primary and secondary sources. Findings from the study revealed that the economic relations between Nigeria and China have been unequal due to the nature of goods traded, dependency on a single product such as oil without diversification, loans, poor implementation and evaluation processes, amongst others. While the intercourse between Nigeria and China is often seen as a win-win strategy- this is yet to be maximized by the Nigerian government given its inherent domestic challenges. The study,, therefore, recommends that far-reaching economic reforms based on self-reliant programmes is needful to achieve rapid economic and industrial development in the 21st century.

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/content/journal/10520/EJC-1835a20535
2019-08-01
2019-10-21

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