Nik Ogbulie
At the time investments by some of the big economies and major multinationals into Africa have remained static, China’s investment in the African economy is reported to have grown to about $40 billion, indicating a meteoric rise in economic cooperation between the two regions.
In a review of the on-going economic relationship between the regions and some specific economies like Nigeria, the Consul-General of the People’s Republic of China,Yan Yuiqinq, indicated that the country has been commited to her efforts for a systematic economic development initiative which has continued to buoy the African economy with special interest in structural, scientific, cultural and Educational development. She noted that China is passionate about African development, which has even emphasized human capital development.
Speaking to a group of senior media men in a forum in Lagos over the week, the Consul-General emphasized that more Nigerians are known to have been visiting China for various reasons, to the extent that over 19,000 Nigerians have been issued with the country’s visa in 2024, this underscores the growing indications that more Nigerians travel to the country for business, education and other valuable exchanges, more than they do to some other developed and developing economies.
From the interaction, indications were rife that Nigeria has a lot to benefit from the development spree that has visited the Asian economy in the areas of technology and research, given the numerous new inventions that will follow her inroad into Artificial Intelligence (AI) , where it has been acknowledged to have held the ace, especially with the new arrival of Deep-Seeks , a development that has attracted international discourse. Deep-Seek is believed to have passed all the vigorous tests that are meant to justify its AI marvel and is already set to rule the world.
It can also be noted, according to Yan that China’s development and research rank second in the world. China is today believed to have achieved
more than thrice the US investment in AI. It also has the largest AI investment in the world.
There are strong indications that there are very strong impacts of China’s technological development in every activity in Nigeria, especially in the heavy technology and Structures .
