Nigeria's Dambazau Advocates Financial Cooperation in China

At the Central Bank of Nigeria’s roundtable titled ‘Strengthening the Nigeria–China Financial Corridor’ held in Beijing, Lt Gen Abdulrahman Bello Dambazau (rtd), Nigeria’s Ambassador to China, outlined key financial priorities to deepen bilateral ties. He stressed the importance of reliable cross-border payments, export finance, and long-term investment, stating that financial cooperation should yield measurable benefits for businesses and citizens in both nations.

Dambazau highlighted the need for clear information on payment channels and transaction costs, noting that payment delays could lead to shipment delays and lost business opportunities. He advocated for local-currency settlement and emphasized the necessity of financial cooperation that supports Nigerian production and exports.

Dambazau also called for stronger financial flows to connect with the Chinese market's requirements. Diana Chen, Chairman of CIG Motors, supported Dambazau's points, emphasizing the need for predictability and continuity in investments to ensure returns.