Nigeria’s National Agency for Science and Engineering Infrastructure (NASENI) and three Chinese partners have signed Memoranda of Understanding (MoU) for new projects valued at $2 billion.
The signing ceremony was performed on Thursday, at Nigeria’s Embassy in Beijing in the presence of Vice President Kashim Shettima.
Furthermore, NASENI received letters of intent for new projects and investment worth $4 billion from more Chinese companies.
This is coming on the heels of the just concluded 3rd Belt and Road Initiative (BRI) Forum, hosted by China.
Similarly, Nigeria’s Ministry of Works also signed an MoU with China Harbour Engineering Company Ltd for the construction of the Lekki Blue Seaport contract at the Lekki Free Trade Zone in Lagos.
Vice President Kashim Shettima, who represented President Bola Ahmed Tinubu at the Belt and Road Initiative Forum in Beijing, China, witnessed the event, which also had the Ministers for Foreign Affairs, Power, Works and other top government officials present.
Speaking to Journalists soon after the signing ceremony, Vice President Shettima commended all stakeholders and their Chinese counterparts saying Nigeria has never been this ripe and ready for businesses to thrive.
He said with the meticulous efforts by the President Tinubu administration to ensure a level playing ground for all investors following the removal of all bottlenecks, the coast is now clear for deepened economic and trade collaborations.