The two days Beijing summit of the forum on China – Africa co-operation (FOCAC) from 3rd to 4th September was attended by the Chinese president Xi Jinping, Nigeria president Muhammadu Buhari and 49 head of state and government, the chairperson of African Union (AU) commission and over 240 ministerial level official from 53 African member of FOCAC.
They jointly drew the future blue print that will guide the co-operation between China and African countries in future. This was centered in plan (2019-2021) called the Beijing declaration.
The implementation of this three year co-operative plan will foster a closer China – African community with a shared future in the new era. China president Xi Jinping assured member that china on the basis of the ten co-operative plans already adopted, will launch eight major initiatives in close collaboration with African countries beyond the duration of the plan. The eight initiatives are: Industrial Promotion, Infrastructure Connectivity, Trade Facilitation, Green Development, Capacity Building, Health Care, People to People, Peace and Security.
The high point of this is that, it is designed to help develop and train the Africa youths to improved skilled labour in the continent. For example, the capacity building initiatives China will set up 10 luban workshop to provide vocational training, set up a China-African innovation co-operation centre aims at promoting youth innovation and entrepreneurship, provide programme that will train 1000 high – caliber Africans, 50,000 government scholarship, 50,000 training opportunity for seminars and workshop as well as 2,000 exchange opportunities for African youths to enable a seamless implementation of the above. The president of China announced that China will extend 60 billion US dollars to finance Africa in different forms. This include 15 billion dollars grants, interest free loans and concessional loans, Chinese companies will be encourage to invest more than 10 billion US dollars in Africa during this year
No doubt this is a great milestone in China-African co-operation as the investment in training the youth will usher new hope for technological transfer and create more jobs for the youth. This will favorably impact on African macro and micro economic structure.
Consul General of China in Lagos