Nigeria and China to sign $328 Million agreement To Boost ICT Sector

As Nigeria join other nation’s to seek for better Information and Communication Technology sector,China have completed arrangements to sign 328 million dollars agreement on the National Information and Communication Technology Infrastructure Backbone Phase 11 (NICTIB 11).

The Export-Import Bank of China will provide a loan of $328 million to support the country.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 his Chinese host will also witness the signing of the MOU on One Belt One Road Initiative (OBOR).

The Senior Special Assistant to the President on Media and Publicity Garba Shehu, disclosed this in a statement in Abuja on Saturday.

Nigerian delegation is also expected to sign no fewer than 25 MoUs. “These include 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).’’

The Summit is also expected 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.

President Buhari will tomorrow 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.

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