Assessment of the (Inter) Dependency of Economic Relations Between Nigeria and China: 1999-2019

Abstract

This paper examines the economic bilateral diplomatic relationship between Nigeria and China, especially since Nigeria returned to democracy in 1999. The paper argues that while official diplomatic ties were established between the two countries as early as 1970, there was not much bilateral economic, even political, relations between them until recently. However, since 1999, which coincided with the Chinese new orientation towards Africa, there has been an exponential economic relationship between the two countries. The main question this paper grappled with is whether the relationship between the two countries is inter-dependent or not? The paper is wholly qualitative and gathered its data mainly from secondary sources. The paper is based on the dependency theory and the theory of unequal exchange. Findings of the study revealed that, while Nigeria had benefitted immensely from its economic bilateral engagements with China, the relationship is largely imbalance with China being the dominant partner. josha.org

An Assessment of Nigerians Perception towards Chinese Foreign Direct Investments and Its Acceptability in Nigeria

“…Nigerians have the second-most favorable view of China after Russians (Brautigam, 2020;Fairchild, 2020). Nigeria is instead of viewing China's rising economy as a positive for their country than negatively (Omotoso et al, 2020;Pay & Nwosu, 2020;Yusuff et al, 2020). That 55% think a robust Chinese economy is advantageous, while 30% believe it is a problem for the nation (Banwo, 2020;Kolodko, 2020;Toye, 2021).…”