NASENI Signs $2bn MoUs With Three Chinese Firms

For upcoming projects, the National Agency for Science and Engineering Infrastructure(NASENI) has signed a $2bn memoranda of understanding with three prominent Chinese partners.

This was disclosed in a statement by the Senior Special Assistant to the President on Media and Communications, Office of the Vice-President, Stanley Nkwocha.

On behalf of President Bola Tinubu, the Vice President Kashim Shettima, presided over the signing at the Belt And Road Initiative Forum in Beijing, China.

According to the statement, “As Nigeria continues to reap heaps and bounds of dividends from the ongoing 3rd Belt And Road Initiative, NASENI and three Chinese partners have signed memoranda of understanding for new projects valued at $2bn.

”This is just as the Federal Ministry of Works also signed an MoU with China Harbor Engineering Company Ltd. for the construction of the Lekki Blue Seaport contract at the Lekki Free Trade Zone in Lagos.”

The NASENI disclosed the MoUs to partner for investments in Nigeria such include Shanghai Launch Automotive Technical Co Ltd – an MOU to establish a new energy automobile facility for the production of new energy electric vehicles; China Great Wall Industry Corporation – an MOU for the turnkey delivery of Unmanned Aerial Vehicles assembly line projects; and Newway Power Technology Company Ltd – an MOU for the transfer of technology on lithium batteries, electric vehicles, and allied technologies.

The Chief Executive Officer of NASENI, Khalil Halilu, further noted that the realisation of these agreements marked the agency’s dedication to advancing the Foreign Direct Investment endeavours of the Tinubu administration.