FEDERAL GOVERNMENT CLEARS HURDLES TO ACCESS TEN BILLION DOLLARS FROM CHINA TO FUND INFRASTRUCTURE

In its quest to ensure prompt actualisation of the bilateral agreements with the People’s Republic of China, the Federal Government has convened an inter-ministerial meeting to fast track the process leading to the full the implementation of the agreements reached during the 2024 FOCAC Summit during President Bola Tinubu’s state visit to China.

The meeting underscored China’s fifty one billion dollars commitment to green infrastructure in Africa, identifying pathways for Nigeria to access at least ten billion dollars in funding.

It also addressed bottlenecks hindering implementation, with actionable steps outlined to fast-track projects, improve legal frameworks, and prioritise value-added exports to China.

The meeting hosted at the Ministry of Foreign Affairs, emphasised the urgency of converting memorandums of understanding (MOUs) into actionable projects that benefit all Nigerians.

Chaired by the Director of Regions of the Ministry of Foreign Affairs, Ambassador Janet Olisa, the interface and discussion was enriched with contributions from key representatives from various ministries and agencies.

While speaking at the event, the Director-General of the Nigeria-China Strategic Partnership (NCSP), Joseph Tegbe highlighted his agency’s pivotal role in coordinating efforts to ensure the MOUs evolve into projects that create jobs, stimulate the economy, and enhance citizens’ lives.

Leave a Comment