On October 29, 2026, Chinese Ambassador to Nigeria Yu Dunhai met with Nigeria's Minister of Budget and Economic Planning Bagudu. The two sides signed, on behalf of their respective governments, the Agreement on Development Cooperation between the two countries.

Ambassador Yu stated that in recent years, under the strategic guidance of President Xi Jinping and President Tinubu, the two sides have enjoyed ever-deepening political mutual trust and fruitful practical cooperation, lifting the China-Nigeria comprehensive strategic partnership into a new stage of high-quality development. China firmly supports Nigeria's economic and social development, and stands ready to work with Nigeria to fully implement the important common understandings reached during the meeting between the two heads of state and the outcomes of the FOCAC Beijing Summit, further deepen the alignment between China's 15th Five-Year Plan and Nigeria's Renewed Hope Agenda, and join hands on the common journey toward modernization, so as to deliver benefits to both countries and both peoples.

Minister Bagudu thanked the Chinese government for its long-standing and valuable support and assistance to Nigeria's development. He said that Nigeria regards China as a sincere and reliable development partner, and stands ready to work with China to ensure the early and effective implementation of cooperation under the Agreement, so as to deliver greater benefits to the Nigerian people.