Tuesday, March 11, 2025
26.8 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

NGX Committed to Empowerment, Equal Opportunity for Women

Speech Delivered by Alhaji (Dr.) Umaru Kwairanga, Group Chairman,...

NCDMB Acquires 20% Equity in 100kbpd Refinery Project

The Nigerian Content Development and Monitoring Board (NCDMB) has...

NCDMB Rallies NNPC, Oil Producers to Boost in-country Manufacturing of Line Pipes

The Nigerian Content Development and Monitoring Board (NCDMB) on...

NCDMB ES Seeks Africa-wide Local Content Framework to Leverage Collective Strengths for Mutual Prosperity

The Executive Secretary of the Nigerian Content Development and...

Stanbic IBTC Bank’s Gas, Infrastructure Confab Charts Path for Economic Growth

L-R: Umah Imoh, Acting Sector Head, Energy, Client Coverage,...

Topics

3-Day Bearish Run Pulls Market YTD Loss to 2018-Low… NSE ASI Down 0.6%

The negative performance of the domestic bourse extended into...

Africa, Middle/East Tablet Market Declines 12.3% in 1st Qtr

The Middle East and Africa (MEA) tablet market declined...

Linkage Assurance Unveils Insurance Plan for SMEs

Linkage Assurance Plc says it’s committed to helping small...

Standard Chartered Bank Outlook 2017: A Pivot Year for Investors

Standard Chartered Bank’s Wealth Management Advisory Group has released...

Verve to Reward Customers in Annual National Consumer Promo

Verve, Africa’s leading payment technology and card business, has...

William Lawson’s Crowns Two Naija Highlandah Winners in Truly Unconventional Twist 

L-R: Thomas Olumagin, Head Commercial Planning, Activation & Off...

Equity Flashnote: Foreign Investors Still Calling the Shots

Saturday, April, 21, 2018 marked the one year anniversary...
spot_img

Related Articles

Popular Categories

spot_imgspot_img