The 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.
Another $4 billion is the worth of letters of intent for new projects and investments.
This is just as the Federal 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 is representing President Bola Tinubu at the Belt And Road Initiative Forum in Beijing, China witnessed the event on Thursday, which also had the Ministers for Foreign Affairs, Power, Works and other top government officials present.
The Vice President who commended all stakeholders and their Chinese counterparts said Nigeria has never been this ripe and ready for businesses to thrive in.
He said with the painstaking efforts by the 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.
Khalil Halilu, Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of NASENI, said the crystallisation of the agreements was a fulfillment of NASENI’s commitments towards boosting Foreign Direct Investment (FDI) drive of the Tinubu administration.
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The MOUs partnerships signed with NASENI for investments in Nigeria were listed to include: Shanghai Launch Automotive Technical Co Ltd expected to establish a new energy automobile facility for the production of new energy electric vehicles. as well as China Great Wall Industry Corporation for the turnkey delivery of Unmanned Aerial Vehicles (UAV) assembly line projects.
Ten Chinese firms that presented Letters of Intent to the Vice President to pull together 4 billion US Dollars in investments are TBEA (solar products); DongFeng Vehicles Co. (vehicle design and production) and HiLong Energy (CNG, LNG, methanol) among others
During the signing of the MoU on the construction of the Deep Blue Sea Port at the Lekki Free Trade Zone, the Minister of Works, Dave Umahi, said the massive project was yet another indication that Nigeria still remains an industrial haven for many investors.
The event which was held at the Nigerian Embassy in Beijing later saw the Vice President meeting with several communications, tech, railway, power and construction giants.
Editor: Ken Eseni
