The Maritime Reporters Association of Nigeria (MARAN) has confirmed the participation of key government and industry leaders at its forthcoming breakfast meeting, billed to focus on the Nigeria-People’s Republic of China currency swap.
The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, representatives from the Federal Ministry of Finance, and the Chairman of the Customs Consultative Council, Aare Hakeem Olanrewaju, have all pledged their attendance at the event.
Tagged “Navigating the Nigeria-Peoples Republic of China Currency Swap: Opportunities and Challenges for Import, Export and Maritime Business,” the forum is scheduled to take place on April 15, 2025, in Lagos.
MARAN President, Godfrey Bivbere, confirmed that the CBN Governor had assured the association of full representation at the meeting, while the Federal Ministry of Finance had expressed interest in participating.
”Aare Hakeem Olanrewaju, the Chairman of the breakfast meeting, has also committed to being present. Other key stakeholders who have indicated their intention to participate include representatives from the Chinese Embassy and the Association of Nigerian Licensed Customs Agents (ANLCA).
‘’The event is expected to draw a diverse range of participants, including the Nigeria-China Strategic Partnership (NCSP), importers, exporters, maritime operators, policy-makers, economists, financial institutions, and trade organisations,” he said.
Bivbere noted that the forum aligns with MARAN’s commitment to setting the agenda and critically analysing key government policies impacting the maritime industry.
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 the US dollar for transactions.
“The event aims to foster an enhanced understanding of the Nigeria-Peoples Republic of China currency swap and its multifaceted impact on stakeholders involved in import, export, and maritime businesses,” he said.
