Ruslan Yemtsov News Today

Most importantly, China is reputed as ‘the factory of the world’ and Nigeria as not only the largest market in Africa but also an import dependent economy. Meaning that, in the immediate term China has the capacity to supply nearly all the consuming needs of Nigeria.As at today Chinese Yuan to Naira is hovering at #105 official and #128 black market exchange rate while dollar is traded at around #757 official and 917 black market.

While Nigeria under President Bola Tinubu could use China as a model (in combination with existing models) for reducing poverty and achieve overall development; the FGN and the Federating units must continue to strive to create creative conditions for wealth generation and greater opportunities for Nigerians just as China is doing for the Chinese.

China’s economy keeps growing, even though the nation doesn’t embrace freedom. What does this mean for the U.S. in the 21st century?