President Tinubu emphasizes the necessity of collaboration and political neutrality as essential for achieving global prosperity during the FOCAC meeting, where the Chinese President commits $50 billion in support for Africa.
On Thursday, President Bola Tinubu, speaking in Beijing, China, highlighted the significance of international cooperation in attaining mutual progress and prosperity.
The president said,” success of FOCAC and our broader partnership emphasizes the important truth that global progress is not a zero-sum game. By working together and joining hands and looking for win-win solutions, we create opportunities for sustainable development and shared prosperity. Our joint efforts reinforce a vision for a multi-polar world where diverse perspectives are embraced, and where cooperation is key to solving global challenges.
“At the heart of China-Africa relations is a foundation built on trust, mutual respect, and the pursuit of common goals. As we look to the future, it is crucial that we maintain the momentum. Peaceful dialogue, transparent business practices, and diplomatic conflict resolution remain at the forefront of our efforts.
“These values will ensure that the bond between Africa and China continues to deepen and benefit both regions for the generations yet to come. The partnership is not only about shared history. It is driven by a bold collective vision for the future.
“Together, we join hands by pulling our strength and resources together. We can unlock an unprecedented level of growth and development for our nations.”
President Xi has outlined a set of ten initiatives to be carried out over the next three years. These initiatives encompass a variety of important areas, including the exchange of cultural knowledge, the promotion of trade prosperity, collaboration in industrial chains, enhancing connectivity, fostering development cooperation, improving health outcomes, advancing agricultural practices and livelihoods, facilitating people-to-people and cultural exchanges, supporting green economic growth, and ensuring common security.
He said, “To implement the 10 partnership actions, the Chinese government will provide RMB360 billion yuan of financial support through the next three years.
”This breaks down into RMB210 billion yuan of credit line, RMB80 billion yuan of assistance in various forms, and at least RMB70 billion yuan of investment in Africa by Chinese companies.
”In addition, China will encourage and support Africa in issuing panda bonds in China to enhance our results-oriented cooperation in all areas,” he said.
The Chinese leader proposed that the overall characterization of China-Africa relations be elevated to an all-weather China-Africa community with a shared future for the new era.
”Thanks to nearly 70 years of tireless efforts from both sides, the China-Africa relationship is now at its best in history.
”With its future growth in mind, I propose that bilateral relations between China and all African countries be elevated to the level of strategic relations, and that the overall characterization of China-Africa relations be elevated to an all-weather China-Africa community with a shared future for the new era, Full Details”
