Nigeria signs $10bn agreements in China — Presidency

News

Published September 9, 2018

e Presidency said on Saturday that Nigerian delegation, led by President Muhammadu Buhari, to the just-concluded Forum on China-Africa Cooperation summit in Beijing, China, signed 13 deals worth $10bn.

It said the Nigeria Investment Promotion Council and the Attorney General and Minister of Justice of the Federation were to subsequently sign more of such deals which were said to be under discussion.

Senior Special Assistant to the President on Media and Publicity, Garba Shehu, said on Saturday that the deals signed by Buhari and his delegation bordered on direct investments, job creation, infrastructure financing and Information Communication Technology.

In a statement he titled, ‘President Buhari’s takeaways from FOCAC Beijing Summit’,  Shehu detailed what he described as Nigeria’s achievements from the President’s six-day working visit to China.

Shehu described Buhari’s engagements with Chinese President, Xi Jinping, and others during the visit as successful and highly rewarding.

He said as part of Nigeria’s gains from China, Buhari and his delegation signed many agreements and Memoranda of Understanding between the Nigerian government and Chinese businesses, and between Nigerian businesses and their Chinese counterparts.

He said while there were other deals still being negotiated, the 13 already signed were worth $10bn.

He said, “Among the several outcomes of the engagements of President Buhari and his delegation at the FOCAC Beijin

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