The National Assembly has restated its commitment to enacting business-friendly laws and tax incentives to draw foreign investment into Nigeria’s economy.

Chairman of the House of Representatives Committee on Foreign Affairs, Oluwole Oke, made the pledge on Wednesday while addressing parliamentarians at the Global South Legislators’ Summit in Urumqi, China.

Oke, who represents Obokun/Oriade Federal Constituency of Osun State, said the legislature had been backing President Bola Tinubu’s economic reforms. “Our parliament has been supportive of reforms that ease business operations,” he said.

He noted that Nigeria’s population offers “a vast market and opportunities across multiple sectors” and urged for deeper collaboration among Global South nations based on “mutual respect, equal partnership, and shared benefits.”

Oke reminded delegates that Nigeria had signed agreements promoting regional integration, including visa-free access for Chinese diplomats. He called on the summit to “look at the global south, not only as a political alliance but as a platform to deepen economic ties, transfer technology, promote climate-friendly policies, and ensure prosperity for our people.”

He also used the forum to solicit support for Nigeria’s bid for a non-permanent United Nations Security Council seat and invited Chinese investors to explore opportunities in aviation, energy, and agriculture.

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Nigeria’s flood relief efforts have received a major boost following the donation of $1 million by the government of China to support victims across the worst-hit northern states. The signing of exchange notes for the donation took place in Abuja between the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, and the Chinese Ambassador to Nigeria, Yu Dunhai.

Bagudu welcomed the intervention as timely and significant, assuring that the Federal Government would deploy the funds to deliver relief materials and restore livelihoods in communities devastated by flooding. “This support comes at a critical moment for many families who have lost homes and farmlands. It will complement our ongoing efforts to rebuild lives. We firmly believe that this gesture will further strengthen our strategic partnership for the mutual benefit of our peoples,” the minister said.

He emphasized that the grant would be managed with full accountability. “A transparent framework will guide the disbursement to ensure assistance gets to the intended beneficiaries in the most efficient and impactful way. Together with the Chinese Embassy, we have agreed on a joint monitoring and evaluation process,” he explained.

Speaking at the ceremony, Ambassador Dunhai said China stood in solidarity with Nigeria during this difficult period. “We would like to express our deepest condolences to those who lost their lives and convey our support to affected families. In times of difficulty, China and Nigeria always stand together,” he noted.

He added that the aid reflected China’s confidence in Nigeria’s recovery efforts. “We are very confident that under the strong leadership of the Federal Government and with the resilience of the Nigerian people, the country will overcome this hardship and rebuild homes in the near future,” Dunhai said.

The envoy also highlighted the broader cooperation between both nations. “Our comprehensive strategic partnership is progressing rapidly. Recently, President Xi Jinping announced zero-tariff treatment on hundreds of tariff lines for African countries, including Nigeria. This will create more opportunities for Nigeria’s exports, generate jobs, and strengthen economic growth,” he stated.

The Chinese aid is expected to directly benefit flood-affected communities in Kebbi, Jigawa, Sokoto, Borno, Taraba, and Adamawa states, which have borne the brunt of recent flooding disasters.

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Bauchi State Governor, Bala Mohammed, has appointed Mr. Li Zhensheng, a Chinese national, as Economic Adviser in a move designed to position the state as a rising hub for global investment and development.

The appointment was announced on Thursday in Bauchi during the signing of a landmark Memorandum of Understanding between the state government and the China Global Promotion Cooperation Research Centre.

Governor Mohammed said the agreement would serve as a catalyst for long-term cooperation across strategic sectors including agriculture, education, healthcare, manufacturing, mining, oil and gas, and trade facilitation. The MoU establishes a broad framework for collaboration, with specific projects to be negotiated and executed individually.

As part of the arrangement, Bauchi will open a Representative Office in China to coordinate implementation, monitor progress, and ensure timely delivery of projects.

“This partnership goes beyond infrastructure it’s about transforming lives and securing the future,” Mohammed declared. “We are opening Bauchi to the world, attracting foreign direct investment, creating jobs, and building the skills that will drive our economy forward.”

He emphasised that the collaboration aligns with the diplomatic vision shared by Chinese President Xi Jinping and Nigerian President Bola Tinubu to deepen ties at both national and subnational levels.

Mr. Zhensheng, who chairs the China Global Promotion Cooperation Research Centre, pledged to mobilise global expertise and resources in support of Bauchi’s economic transformation.

“Our commitment is to help Bauchi achieve sustainable growth, world-class infrastructure, and better livelihoods for its people,” Zhensheng said.

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