Changing Dynamics Of Nigeria-China Economic Relations
Amos Asongo Jev, Victor Yusuf Obadiah, Isa Muhammed, Auwal Chul, Tukur Jibo
Keywords: Economic relations, investments, bilateral trade, development, Nigeria-China
Abstract
The study assesses dynamics of Nigerian-China economic relations x-raying the various implications and opportunities that abounds between the two countries. Nigeria-China bilateral relations have changed dramatically with the establishment of diplomatic ties in 1971, covering commerce, investments and political partnership. The study relied on secondary sources of data to generate information used to analyze the issues under investigation. The dependency theory was adopted as the theoretical framework of analysis. The study’s findings established trade imbalance and economic dependence in Nigeria-China economic relations. The study concludes that the bilateral trade and economic relationship between Nigeria and China is not premised on a win-win strategic partnership, as there is persistent trade imbalances in favour of China right from the beginning of the bilateral engagements between Nigeria and China. The study recommends a total review of the major components of the Nigeria-China bilateral engagements that have shown to be exploitative and lessen the danger of trade imbalance. Also, there is need to diversify Nigeria’s trade partners, maintain openness in investments agreements between Nigeria and China.
Author Biography
Amos Asongo Jev, Victor Yusuf Obadiah, Isa Muhammed, Auwal Chul, Tukur Jibo
Department of Political Science and International Relations,Taraba State University, Jalingo, Nigeria
Email: [email protected], [email protected], [email protected], [email protected], [email protected]