President Bola Tinubu says the 2 billion dollars currency swap deal between Nigeria and China would enhance trade between the two countries.

The president while calling for an increase in the currency swap deal also called for an upward review of the 50 billion dollars aid package for Africa, which China’s President Xi Jinping announced last year.

Receiving the Minister of Foreign Affairs of China, Wang Yi, President Tinubu said increasing the level of currency swaps will speed up the infrastructural development in Nigeria and deepen the strategic bilateral relations.

He said Africa, particularly Nigeria, was prepared to meet developmental goals and contribute counterpart project funding

Tinubu also used the occasion to call on China to support Nigeria’s bid for a permanent United Nations Security Council seat.

It could be recalled that China and Nigeria recently renewed their currency swap agreement, valued at 15 billion yen, to enhance trade and investment.