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State Visitevent26 — 27 April 2006· Chapter 138

Hu Jintao and the Beginning of the China Decade

President Hu Jintao spends two days in Abuja with Olusegun Obasanjo, signing four oil-block licences and a multi-billion-dollar infrastructure-for-oil package that opens the most consequential bilateral relationship of Nigeria's Fourth Republic.

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Hu Jintao arrived in Abuja on the afternoon of 26 April 2006 as the third leg of a seven-country Africa tour timed to the opening of the third Forum on China-Africa Cooperation (FOCAC) summit. He was received by Olusegun Obasanjo at the Presidential Villa with full state honours and addressed a joint session of the Nigerian National Assembly on 27 April — only the second foreign head of state ever to do so after Bill Clinton in 2000.

The substantive deliverables were unprecedented in scale. China National Offshore Oil Corporation (CNOOC) was awarded production-sharing licences over four offshore blocks (OPL 229, 471, 432 and 477) for a total consideration of approximately US$4 billion; the Industrial and Commercial Bank of China extended a US$2.5 billion credit line for railway modernisation (the Lagos–Kano standard-gauge project that would be inaugurated in stages from 2014 onwards); and Sinopec was awarded a refinery-rehabilitation MOU for the Kaduna refinery. The visit also produced the 'Strategic Partnership' framework that would govern Sino-Nigerian relations for the following twenty years and would define the trajectory of Chinese commercial penetration of West Africa.

Era context

The political and economic reality

The government(s), economy and national reality across the period 2006–2006.

President · Fourth Republic

Chief Olusegun Obasanjo

1999–2007· PDP

National reality

Return to civilian rule, 29 May 1999. Telecoms deregulation (2001) — GSM revolution. Paris Club exit, October 2005 ($30 bn debt relief, Okonjo-Iweala). Pension Reform 2004. EFCC established 2003.

Crises of the period

  • Third Term agenda defeated 2006
  • Niger Delta militancy intensifies
  • ASUU strikes; Sharia introduction in 12 northern states

GDP (World Bank)

$59 bn (1999) → $166 bn (2007)

Cabinet (selected portfolios)

  • Finance

    Adamu Ciroma (1999–2003); Ngozi Okonjo-Iweala (2003–06)

  • Education

    Tunde Adeniran; Babalola Borishade; Fabian Osuji; Chinwe Obaji; Oby Ezekwesili

  • Health

    Prof. ABC Nwosu

Sources · Federal Gazette 1999–2007 · CBN · World Bank WDI

The Republic — Weekly

One article a week. Stories, consorts, records, heroes — on a four-week rotation.

Methodology

Tier 1 · primary

Courts. Gazettes. National archives.

Tier 2 · corroborating

OCCRP. HRW. BudgIT. TheCable.

Tier 4 · tertiary, flagged

Wikipedia only where primary is pending. Always labelled.