Nigeria, China to sign US$328 million agreement on ICT

Abuja, Nigeria (PANA) – Nigeria’s President Muhammadu Buhari arrived Beijing on Saturday to attend the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) holding September 3 - 4, 2018.

Presidential Spokesman Malam Garba Shehu said in a statement that during the 6-day official visit of the Nigerian President, he is expected to join his Chinese counterpart Xi Jinping to witness the signing of an agreement on the National Information and Communication Technology Infrastructure Backbone Phase 11 (NICTIB 11) between Galaxy Backbone Limited and Huawei Technologies Limited (HUAWEI) at the cost of US $328 million facility provided by the Chinese EXIM Bank.  

The bank facility is for the development of NICTIB 11 project which is consistent with the current administration’s commitment to incorporating the development of ICT into national strategic planning under the National Economic Recovery and Growth Plan (ERGP).
  
President Buhari and Presiden tXi Jinping will also witness the signing of a memorandum of understanding (MoU) on One Belt One Road Initiative (OBOR). In 2013, the Chinese leader proposed the initiative of building the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, with a view to integrating the development strategies of partnering countries.  

During the High-Level Dialogue between Chinese and African leaders and business representatives on the margins of FOCAC, the Nigerian delegation is expected to sign no fewer than 25 MoUs, including those proposed by the Nigerian Investment Promotion Commission (NIPC), Nigerian National Petroleum Corporation (NNPC), and Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA).  

President Buhari will on Sunday meet Nigerians living in China before the kick-off of FOCAC on Monday when he will join President Jinping and other African leaders for roundtable sessions which will essentially discuss the report of FOCAC since the 2015 Johannesburg Summit, including the implementation of the ‘‘ten cooperation plans’’ adopted at the last meeting.

The Summit is due to adopt the Beijing Declaration and the Action Plan for the development of China-Africa cooperation and fashion out new opportunities to grow Nigeria-China comprehensive strategic partnership from 2019 to 2021.
-0- PANA MON/AR 1Sept2018

01 september 2018 17:02:44




xhtml CSS