On the sidelines of the third Belt and Road Initiative Forum, which is now taking place in Beijing, the federal government inked $2 billion worth of commercial agreements with Chinese partners to further research, engineering, and infrastructure development.
In a statement released on Thursday by Segun Ayeoyenikan, the agency’s director of information, Khalil Halilu, the executive vice chairman and chief executive officer of the National Agency for Science and Engineering Infrastructure, made this disclosure.
The economic transactions have a big influence on the nation’s growth, according to Halilu, who is a member of the group representing Nigeria at the conference that is being headed by the vice president, Kasim Shettima.
He said, “This is a very significant day for us at the National Agency for Science and Engineering Infrastructure, as it is a day to present the outcomes of some of the work that we have been engaged in over the past six weeks since I took over as NASENI’s director.
“When these three MOUs are implemented together, two billion USD in new investments will be made in Nigeria, which will result in jobs, the transfer of skills and technology, the creation of prospective exports and foreign exchange profits, and a boost to local economies.
“The following three Chinese businesses have signed MOUs to collaborate with NASENI and make investments in Nigeria:
“Shanghai Launch Automotive Technical Co Ltd – an MOU to develop a new energy automotive factory for the manufacturing of new energy electric automobiles;
An MOU between China Great Wall Industry Corporation and Newway Power Technology Company Ltd for the turnkey delivery of unmanned aerial vehicle (UAV) assembly line projects and an MOU between the two companies for the technology transfer of lithium batteries, electric vehicles, and related technologies.
