Political Economy of Nigeria-china Relations (1999 – 2013)
– Political Economy of Nigeria-china Relations (1999 – 2013) –
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ABSTRACT
That China has positioned itself as a country to reckon with in today’s world economy is no longer contestable. This reflects in the influx of economic activities from various foreign investors who are attracted to the existence of a market for their products and services in the over one (1) billion populated country (Ayantunji & Ayodele, 2009). The study examines the Political Economy of Nigeria-China Relations (1999-2013).
The analysis of China’s relations with Africa has often been generalized, yet these relations vary considerably across the continent, suggesting the need for greater attention to the specificities of each country. Thus, the study appraises the impact of diplomatic and economic relations on the political economy of Nigeria and China. The study predicates its investigations on dependency theory as the method of analysis, while method of data collection was qualitative in nature.
Data collected were analyzed using qualitative descriptive analysis. The study notes, among others, that the Chinese manufacturing operations contribute to the country’s GDP but offer tough competition for local producers. Exports to China might also boost the bottom line, as Nigerian suppliers find a new market for their goods, but here too, the results are mixed.
Imports from China far outstrip exports, creating a large trade deficit and flooding the market with lowtech manufactured goods that might otherwise be produced domestically. The study argues that there is a huge imbalance yawning gap in trade between Nigeria and China and a need to improve more on the diplomatic relations between both countries.
TABLE OF CONTENTS
Title page – – – – – – – – – – i
Approval page – – – – – – – – – ii
Dedication – – – – – – – – – – iii
Acknowledgements- – – – – – – – – iv
Abstract – – – – – – – – – – v
Table of contents – – – – – – – – – vi
Chapter One: Introduction
1.1 Background of the Study – – – – – – 1
1.2 Statement of the Problem – – – – – – 8
1.3 Objectives of the Study – – – – – – 13
1.4 Significance of the Study – – – – – – 14
1.5 Literature Review – – – – – – – 15
1.6 Theoretical Framework – – – – – – – 35
1.7 Hypotheses – – – – – – – – 42
1.8 Method of Data Collection – – – – – – 42
1.9 Method of Data Analysis – – – – – – – 45
Chapter Two: Historical Development of Nigeria – China Relations
2.1 Evaluation of Nigeria-China Relations – – – – 46
2.2 China’s Engagement with Nigeria since early 1990s – – 52
2.3 Bilateral Relations between Nigeria-China (1999-2013) – – 54
Chapter Three: The Determinant of Nigeria-China Relations
3.1 Diplomatic Relations between Nigeria and China – – – 62
3.2 Nigeria-China Economic Relations – – – – – 68
3.3 Nigeria’s Foreign Relations – – – – – – 75
3.4 China’s Investment in Nigeria – – – – – – 82
3.5 Nigerian Incentives and Chinese Investment – – – – 86
3.6 Competitive Bidding Progresses – – – – – 87
3.7 Nigeria’s Efforts to create an investment Friendly Environment – 88
3.8 Two way Traffic – – – – – – – – 91
Chapter Four: Prospects and Challenges of Nigeria-China Relations
4.1 Benefits/Challenges of Nigeria-China Investment Relations – 92
42 Potential Gainers and Losers – – – – – – 95
4.3 Trade Imbalance between Nigeria and China Relations – – 97
Chapter Five: Summary, Recommendations and Conclusion
5.1 Summary of Major Findings – – – – – – 102
5.2 Recommendations – – – – – – – 106
5.3 Conclusion — – – – – – – – – 109
Bibliography – – – – – – – – – 120
INTRODUCTION
Basically, no nation of the world operates in isolation or is self-sustaining. Thus, once a colony has been granted full status of statehood by the colonial or imperial authorities, it has automatically acquired full legal capacity to administer itself and conduct its relations with other states in the international system. This is however, based on considerations of a nation’s vital national interests (Dickson, 2013).
According to Frankel (cited in Ghosh, 2009:62), national interest “refers to some ideal set of goals, which a state would like to realize, if possible, in its relations with other states in the international system”. From the standpoint of Omede (2003), “the pursuit of national interest over the years presupposes that a nation preoccupies itself with the provision of security – military and economic, for its citizenry”.
Arguing similarly, Adeleke (2010) opined that “as important as economy is in the relations among states, so also is culture and politics. The cultural and political relations could bring about greater understanding among nations”. The views above imply that external relations among states cover the myriad of issues – economic, political, diplomatic, social and cultural, security among others.
At independence on October 1st, 1960, Nigeria attained a status of sovereign nation and acquired the legal right to conduct her external relations with the rest of the world. Regrettably, from independence, governance in 10 Nigeria had witnessed among others, a mix of coup d’etat, leading to military rule, civil war, assassinations, massacres, and election crises.
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CSN Team.
