- Additionally, NASENI received letters of intent for new projects and investments worth $4 billion from various Chinese companies
Nigeria’s National Agency for Science and Engineering Infrastructure (NASENI) and three Chinese partners have inked Memoranda of Understanding (MoUs) for fresh projects totaling $2 billion.
The signing ceremony took place at Nigeria’s Embassy in Beijing on Thursday, with Vice President Kashim Shettima in attendance. Additionally, NASENI received letters of intent for new projects and investments worth $4 billion from various Chinese companies.
These developments occurred following the recently concluded 3rd Belt and Road Initiative (BRI) Forum hosted by China.
In a related move, Nigeria’s Ministry of Works also entered into 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.
Executive Vice Chairman of NASENI, Khalil Halilu, said the manifestation of the agreements was a fulfillment of NASENI’s commitments towards boosting the Foreign Direct Investment drive of the Bola Tinubu administration.
“This is a very important day for us at the National Agency for Science and Engineering Infrastructure because it is a day to show the results of some of the work that we have been doing in the last six weeks since I assumed the leadership of NASENI,” Halilu said.