The Maritime Reporters Association of Nigeria (MARAN) is set to host the much awaited breakfast meeting on Nigeria-China Currency Swap Deal on Tuesday April 15, 2025.
MARAN which was established over three decades ago remains the umbrella body of journalists covering the maritime sector of the economy.
The breakfast meeting with theme “Navigating the Nigeria-Peoples Republic of China Currency Swap: Opportunities and Challenges for Import, Export and Maritime Business” is scheduled to take place by 10 prompt at the Rockview Hotel, Apapa, Lagos.
The President of MARAN, Mr. Godfrey Bivbere who dropped the hint yesterday on the final preparation of the epoch making event in Lagos said that the breakfast meeting will attract participants from the government and private sector as well as the Chinese Embassy in Nigeria.
According to him, the Nigeria-China Strategic Partnership, importers, exporters, maritime operators and trade organizations are also billed to attend the meeting. The breakfast meeting is in fulfillment of MARAN role as a watch dog in the maritime industry and to ensure that Nigerian business men take full advantage of the meeting.
Giving further insight into the event, he explained that 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 explained that the meeting would provide a platform for critical stakeholders in the import and export sectors, policymakers, and government to examine the implications of the currency swap deal, especially in the face of the fluctuating value of the United States of America (USA) dollar and its impact on imports.
He said that it would foster better understanding of the currency swap deal and its impact on stakeholders involved in import, export, and maritime businesses.
He also disclosed that the Central Bank of Nigeria (CBN) and the Federal Ministry of Finance and the Chinese Embassy have confirmed they will attend.
The umbrella body of licensed customs agents in the country, Association of Nigerian Licensed Customs Agents (ANLCA); National Association of Government Approved Freight Forwarders (NAGAFF); as well as other stakeholders in the maritime industry and beyond have also indicated their readiness to participate at the event.
Already, the Chairman, Customs Consultative Council (CCC), Aare Hakeem Olanrewaju has accepted to be the Chairman of the occasion.
Maritime Bits checks revealed that the breakfast meeting promises to provide the necessary insights for stakeholders to navigate the opportunities and perceived challenges in the currency swap deal between Nigeria and the Asian giant, the People’s Republic of China.
