The much anticipated discourse on Nigeria- China Currency Swap Deal organised by the Maritime Reporters Association of Nigeria (MARAN) is set to hold on Tuesday April 15, 2025.
The discourse coming as a Breakfast Meeting themed “Navigating the Nigeria-Peoples Republic Of China Currency Swap: Opportunities and Challenges for Import, Export and Maritime Business”, will have an array of stakeholders under one umbrella to x-ray the topic.
The President of MARAN, Mr. Godfrey Bivbere, commenting on the meeting scheduled to take off at 10 a.m. at the Rockview Hotel, Apapa, Lagos,
said it will attract participants from the government and private sectors as well as the Chinese Embassy in Nigeria.
Also, the Nigeria-China Strategic Partnership, importers, exporters, maritime operators and trade organisations are billed to attend the meeting.
Bivbere said that the Breakfast meeting is in fulfillment of MARAN’s role as a watch dog in the Maritime sector and to create opportunity for Nigerian business men take full advantage of the currency swap deal.
The Nigeria-China currency swap aims to facilitate bilateral trade by providing Naira liquidity to Chinese businesses and Yuan liquidity to Nigerian businesses, thereby reducing reliance on foreign currencies for transactions.
The MARAN President added that the meeting would provide a platform for critical stakeholders in the import and export sectors, policymakers, and government to examine the implications of the currency swap deal, especially in the face of the fluctuating value of the US dollar and its impact on imports.
He said that it would foster better understanding of the deal and its impact on stakeholders involved in import, export, and maritime businesses.
Meanwhile, he said that the Central Bank of Nigeria and the Federal Ministry of Finance and the Chinese Embassy have confirmed their attendance.