Nigeria, China to sign $328m agreement on ICT – Presidency – Business

President's Press Secretary Garba Shehu said that Nigeria and China have concluded an agreement to sign an agreement worth $ 328 million during the basic infrastructural infrastructure of information and communication technologies (NICTIB 11).

Shehu, who is the senior special assistant to the president for media and advertising, reported this in a statement on Saturday in Abuja.

The presidential aide said the president Muhammad Bukhari, which arrived Beijing, China, on Saturday, will join his Chinese counterpart, Xi Jinping witness to the signing of the agreement.

He said that NICTIB 11 will be concluded between Galaxy Backbone Limited and Huawei Technologies Limited (HUAWEI) for $ 328 million, provided by the Chinese bank EXIM.

According to him, the banking institution is designed to develop the NICTIB 11 project, which is consistent with the current administration's commitment to integrating ICT development into national strategic planning under the National Plan for Economic Recovery and Growth (ERGP).

"President of Bukhari and his Chinese side will also witness the signing of a Memorandum of Understanding on a single-user road (OBOR)& # 39; & # 39; he added.

Recall that in 2013, the Chinese leader proposed an initiative to create the economic belt of the Silk Road and the 21st century Silk Road in order to integrate development strategies of partner countries.

He said: "During the high-level dialogue between the leaders of China and Africa and representatives of business circles on the FOCAC fields, the Nigerian delegation must also sign at least 25 memorandums.

"These include those proposed by the Nigerian Investment Promotion Commission (NIPC), the Nigerian National Petroleum Corporation (NNPC) and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA)."

Earlier, on arrival at the Beijing International Airport in around 9.04 (Nigerian time), Shehu said that Bukhari was hosted by high-ranking Chinese government officials, including Chinese Ambassador to Nigeria Dr. Zhou Pinziang.

Ambassador of Nigeria to China Baba Ahmed Jeddah and his wife Zahra, Deputy Chief of Mission, Amb. Bakory Aliyah Bakory and other senior staff of the Embassy of Nigeria, including the Defense Attache, Brig-General. Temitope Ademola, were among those who received the president.

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