GLOBALIZATION AND NIGERIA–CHINA ECONOMIC RELATIONS (2020–2024)
Abstract
This study carefully examines globalization and Nigerian-China economic relations, 2020-2024. This research paper aims to determine if the relationship Nigeria has with China has made positive or negative impact. Specifically, this study investigates how Nigeria’s relationship with China has contributed to the economic growth, human capital development and social progress of both countries and most importantly to Nigeria from 2020-2024. To also evaluate whether the relationship with China has enhanced human capital development, this work anchored on dependency theory. This research also analyzes the challenges and opportunities arising from Nigeria’s relationship with China, including its relevance to the growth of Nigeria. By adopting secondary method of data collection, dependency theory and content data analysis, this study found that one of Nigeria’s economic was linked to economic dependence and weak governance and alliance. But also highlights that China has come to play a big role in Nigeria’s trading network, energizing overall national economic advancement. This research therefore concludes and recommends that the government of Nigeria should make the most out of their relationship with China in order to promote sustainable growth and development in the country.
Keywords: Economic globalization, Neo-colonialism, Trade imbalance, Trade dependency, Economic relationship.
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