Saturday, December 21, 2024
25.3 C
Lagos

Adeosun: ‘FG Committed to Infrastructure Financing’

The Minister of Finance, Mrs. Kemi Adeosun yesterday emphasised the importance critical infrastructure projects, especially in the areas of Rail and Power to the country’s economic development.

She spoke during the visit of the Chinese Ambassador to Nigeria, Mr. Zhou Pingjian, to her office in Abuja.

Adeosun described the commitment of the current administration to infrastructure development as serious, stressing that Nigeria is ready to take off in terms of growth and diversification.

“We are committed to the Mambilla Power Project. We are committed to Rail. We believe that we cannot properly develop our Solid Minerals and Agriculture sectors without rail transportation. So, we are committed to making sure we have an effective rail system.”

She expressed the determination of the administration to deepen the good relationship between Nigeria and China because, according to her, there are great opportunities and an alignment of culture, ideas and aspirations.

In his remarks, the Chinese Ambassador described Nigeria as a close ally of China, recalling the role played by Nigeria in getting China a seat at the Security Council of the United Nations in 1971.

“We want to see the cooperation between Nigeria and China grow further. The relationship is blessed with new opportunities,” the Ambassador said.

He explained that the decision of the Chinese construction giant-China Gezhouba Group Corporation (CGGC)- to open its North-West Africa headquarters in Abuja, demonstrates the important position in which China views Nigeria.

China’s Overseas Direct Investment for the next five years is expected to be at around $750Billion.

In conclusion, the Ambassador expressed a renewed commitment to strengthen the partnership between Nigeria and China.

spot_img
spot_img
spot_img

Hot this week

PenCom Targets N22tn Pension Contributions by End 2024

The National Pension Commission (PenCom) says it expects pension...

PalmPay, Jumia Launch Holiday Campaign to Reward Users

This holiday season just got a whole lot more...

Adekunle Gold, Wande Coal, Young Jonn Set to Thrill Fans at Lagos Shopping Festival

Lagosians are in for the most exciting music extravaganza...

Mediacraft Associates Continues to Blaze the Trail in Awards

  Group CEO Voted ‘Legend of Marketing Comms’ John Ehiguese, CEO...

Committee of Banks in Nigeria Donates Multimillion Naira Relief Materials to Jigawa Flood Victims

The Committee of Banks in Nigeria on Thursday lifted...

Topics

NCDMB Holds Retreat with Senate Committee on Local Content, Seeks Close Collaboration

Cross-section of NCDMB management and members of the Senate...

AIICO Bags Insurance Company of the Decade at Marketing Edge Awards 

Left - Right: Segun Olalandu, Head, Digital Marketing &...

Wema Bank Promises N90m Reward for Customers in Season 3 of 5 for 5 Promo

Wema Bank Plc, the leading financial institution in Nigeria...

BudgIT Charges Buhari to Prioritise Oil Sector Reform

President Buhari Following the outcome of the Presidential Election, which...

Sovereign Trust Insurance Unveils Mobile App to Drive Sustainable Growth

L- R: Jude Modilim, Executive Director/Divisional Head, Technical, Ugochi...

BPE Pays N1bn to 408 PHCN Staff, Retirees

The 408 active staff and retirees/ Next-of Kins (NOKs) of...

NLNG, CORA Showcase The Nigeria Prize for Literature Longlist of 11 Playwrights

Andy Odeh, NLNG’s GM External Relations & Sustainable Development...

‘AMCON Amendment Bill on Debt Recovery Ready Soon’

R-L:Chairman of House of Representatives Committee on Banking and...
spot_img

Related Articles

Popular Categories

spot_imgspot_img