The stage is set for the Maritime Reporters Association of Nigeria (MARAN) to host the a breakfast meeting on the Nigeria- China Currency Swap Deal with the theme: Navigating the Nigeria-Peoples Republic Of China Currency Swap: Opportunities and Challenges for Import, Export and Maritime Business.
President of MARAN, Godfrey Bivbere said the meeting, scheduled for 10:00a.m on Tuesday, April 15, 2025 at the Rockview Hotel, Apapa, Lagos, will attract participants from the government and private sector as well as the Chinese Embassy in Nigeria.
Also, the Nigeria-China Strategic Partnership, importers, exporters, maritime operators and trade organizations are billed to attend the meeting.
Bivbere said the Breakfast meeting is in fulfillment of MARAN’s role as a watch dog in the Maritime sector and to ensure that Nigerian business men take full advantage of the meeting.
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.
He also noted that the meeting will provide a platform for critical stakeholders in the import and export sectors, policymakers and the 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.
Maintaining that the deliberations would foster better understanding of the currency swap deal and its impact on stakeholders involved in import, export and maritime businesses, Bivbere said that the Central Bank of Nigeria (CBN), the Federal Ministry of Finance and the Chinese Embassy have confirmed their attendance at the event.
Also, the Chairman of the Breakfast meeting who doubles as Chairman, Customs Consultative Council, Aare Hakeem Olanrewaju, the Association of Nigerian Licensed Customs Agents (ANLCA) and other major stakeholders have confirmed they will attend the meeting.
The breakfast meeting promises to provide the necessary insights for stakeholders to navigate the opportunities and perceived challenges in the currency swap deal.
