The Sino-Nigeria Cooperation: A Commentary on the Implications on Nigerian Economic Security

Abstract

This paper examines the implications of the Sino-Nigeria cooperation on Nigeria's economic security. Over the past few decades, China and Nigeria have strengthened their bilateral relations through various economic agreements and partnerships. As China's influence in Africa grows, the nature and extent of its involvement in Nigeria's economy have raised concerns about the potential impacts on Nigeria's economic security. The study explores the key areas of collaboration between China and Nigeria, such as trade, investment, and aid. It assesses the implications of these partnerships, weighing their effects on Nigeria's economic independence and economic security. By analyzing the trends in bilateral trade, foreign direct investment, and infrastructure projects, the paper aims to identify the potential risks and opportunities that the Sino-Nigeria cooperation presents. The study found that although bilateral cooperation with China increases Nigeria’s economic security through increased investment, trade, and support for infrastructure development, there are multiple risks associated with this cooperation. This includes the potential debt issues and lack of transfer of technology. The paper however recommends that there is a need for Nigeria to prioritize the development and support of local industries to increase their competitiveness against Chinese imports.