News
China Plans Oil Import From Nigeria
China’s Foreign Minister Yang Jiechi on Friday held talks with Nigerian officials on the possibility of exporting Nigeria’s oil to Beijing.
Yang told newsmen that China was looking for imports but negotiations with Nigeria had only started.
“Of course, in China, we do need to import oil from other countries including Nigeria but at the moment, I think we have just made a beginning,” Yang, who is on a tour of Africa told reporters at the end of a closed-door meeting.
Yang said the two countries enjoyed “good cooperation” in energy matters and “it is a mutually beneficial relationship and progress has been made”.
He gave no details of the talks which were also attended by former OPEC secretary general and Nigeria’s Oil-Minister, Rilwanu Lukman.
China’s state oil giant CNOOC, last year, made an offer to buy six billion barrels of oil from Nigeria, but the bid was turned down. The amount is equivalent to one in every six barrels of the proven reserves in Nigeria.
The bid pitches China into competition with Western oil giants operating in Nigeria including Shell, Chevron, Total and ExxonMobil.
Nigeria was for years Africa’s largest oil exporter but it has been caught up recently by Angola.
China has aggressively stepped up trade and economic ties with the resource-rich Africa in recent years, prompting critics to accuse it of taking a “neo-colonialist” attitude.
Yang said Nigeria’s exports to China shot up about 50 per cent in 2009. “We are going to import even more from Nigeria,” he said.
In November at a meeting of China-Africa leaders in Egypt, Beijing pledged 10 billion dollars in concessional loans to African countries.
The Friday talks also discussed boosting communication technology and the development of Nigeria’s dilapidated railway infrastructure, officials said.
A 257-million-dollar Chinese-built satellite launched into space less than two years ago for Nigeria’s communications’ revolution failed last year and could not be recovered.
On the political front, the West African giant, struggling to regain the international clout built during former President Olusegun Obasanjo’s era, is also seeking Chinese government backing for its bid for a UN Security Council seat.
Yang has already been to Kenya and is due to continue on Saturday to Sierra Leone, Algeria and Morocco.
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RSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
The Rivers State Government has inaugurated a Central Planning Committee to organize the celebration of the 2026 Armed Forces Remembrance Day (AFRD) in the State.
The committee was formally inaugurated by the Secretary to the State Government, Dr. Benibo Anabraba in Port Harcourt, last Thursday.
Dr Anabraba who also serves as Chairman of the Committee
highlighted the State Government’s deep appreciation for the sacrifices of Nigeria’s fallen heroes who laid down their lives for the nation’s peace and unity.
“These heroes have given their lives for the security and peace of our nation and deserve to be celebrated. The Armed Forces Remembrance Day is an opportunity to show our gratitude for their sacrifice,” he said.
Dr. Anabraba further extended recognition to all Security Agencies in the State, emphasizing the importance of the event in appreciating their contributions to national security and sovereignty.
The annual Armed Forces Remembrance Day, observed on January 15 across the country is dedicated to remember Nigeria’s departed soldiers and honouring the nation’s veterans.
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