Nigeria and China to sign $328 Million agreement on ICT as President Buhari arrives Beijing

Nigeria and China to sign $328 Million agreement on ICT as President Buhari arrives Beijing

Nigeria and China to sign $328 Million agreement on ICT as President Buhari arrives Beijing

On Saturday, President Buhari arrived Beijing to attend the Beijing Summit of the Discussion board on China-Africa Cooperation (FOCAC) holding September 3 – 4, 2018.

Throughout the 6-day official go to of the Nigerian President, he’s anticipated to be a part of his Chinese language counterpart, Xi Jinping to witness the signing of an agreement on the Nationwide Info and Communication Know-how Infrastructure Spine Section 11 (NICTIB 11) between Galaxy Spine Restricted and Huawei Applied sciences Restricted (HUAWEI) at the price of US $328 million facility supplied by the Chinese language EXIM Financial institution.

The financial institution facility is for the event of NICTIB 11 undertaking which is in keeping with the present administration’s dedication to incorporating the event of ICT into nationwide strategic planning underneath the Nationwide Financial Restoration and Development Plan (ERGP).

President Buhari and his Chinese language host may even witness the signing of the MOU on One Belt One Street Initiative (OBOR). It could be recalled that in 2013, the Chinese language chief proposed the initiative of constructing the Silk Street Financial Belt and the 21st-Century Maritime Silk Street, with a view to integrating the event methods of partnering nations.

Throughout the Excessive-Degree Dialogue between Chinese language and African Leaders and Enterprise representatives on the margins of FOCAC, the Nigerian delegation can be anticipated to sign no fewer than 25 MOUs, together with these proposed by the Nigerian Funding Promotion Fee (NIPC), Nigerian Nationwide Petroleum Company (NNPC), and Nigerian Affiliation of Chambers of Commerce, Business, Mines and Agriculture (NACCIMA).

Earlier, the President on arrival at Capital Worldwide Airport, Beijing at about 9:04 am (Nigerian time), was acquired by high Chinese language authorities officers together with the Chinese language Ambassador to Nigeria, Dr Zhou Pingjian.

Nigeria’s Ambassador to China, Baba Ahmed Jidda and his spouse Zahra; the Deputy Chief of Mission, Ambassador Bakori Aliyu Usman; Consular-Normal of Nigeria, Guangzhou, Shairudeen Oloko; Consular-Normal of Nigeria, Shanghai, Anderson Madubuike; and Defence Attaché, Brig-Gen. Temitope Ademola have been additionally amongst those that acquired the President.

President Buhari will tomorrow meet Nigerians residing in China earlier than the kick-off of FOCAC on Monday when he’ll be a part of President Jinping and different African leaders for roundtable classes which is able to primarily talk about the report of FOCAC because the 2015 Johannesburg Summit, together with the implementation of the ‘‘ten cooperation plans’’ adopted on the final assembly.

The Summit can be anticipated to undertake the Beijing Declaration and the Motion Plan for the event of China-Africa cooperation and trend out new alternatives to develop Nigeria-China complete strategic partnership from 2019 to 2021.

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