Monday, September 8, 2025
23.9 C
Lagos

Adeosun: ‘FG Committed to Infrastructure Financing’

The Minister of Finance, Mrs. Kemi Adeosun yesterday emphasised the importance critical infrastructure projects, especially in the areas of Rail and Power to the country’s economic development.

She spoke during the visit of the Chinese Ambassador to Nigeria, Mr. Zhou Pingjian, to her office in Abuja.

Adeosun described the commitment of the current administration to infrastructure development as serious, stressing that Nigeria is ready to take off in terms of growth and diversification.

“We are committed to the Mambilla Power Project. We are committed to Rail. We believe that we cannot properly develop our Solid Minerals and Agriculture sectors without rail transportation. So, we are committed to making sure we have an effective rail system.”

She expressed the determination of the administration to deepen the good relationship between Nigeria and China because, according to her, there are great opportunities and an alignment of culture, ideas and aspirations.

In his remarks, the Chinese Ambassador described Nigeria as a close ally of China, recalling the role played by Nigeria in getting China a seat at the Security Council of the United Nations in 1971.

“We want to see the cooperation between Nigeria and China grow further. The relationship is blessed with new opportunities,” the Ambassador said.

He explained that the decision of the Chinese construction giant-China Gezhouba Group Corporation (CGGC)- to open its North-West Africa headquarters in Abuja, demonstrates the important position in which China views Nigeria.

China’s Overseas Direct Investment for the next five years is expected to be at around $750Billion.

In conclusion, the Ambassador expressed a renewed commitment to strengthen the partnership between Nigeria and China.

spot_img
spot_img

Hot this week

Nigeria, Brazil Central Banks Deepen Economic, Financial Co-operation

Nigeria’s Central Bank Governor, Olayemi Cardoso, has held talks...

Ecobank Nigeria to Host Second Edition of Design & Build, Showcasing Premier Innovators in Design, Construction

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

Expert: Fintech, Financial Inclusion Critical for Sustainable Growth of Nigerian Economy

A renowned economist, Dr. Biodun Adedipe, the Chief Consultant/CEO,...

Sterling Bank Marks One Year of Africa’s Groundbreaking Core Banking System

Number one Best Workplace in Banking in Nigeria and...

Topics

Niteo Partners Green Glass Africa for Bespoke Power Solutions

The quest to improve access to power and thus...

Siemens Launches FABRIC – Model for Future African Smart Cities

Siemens launched an extraordinary data visualisation project called FABRIC...

Local Bourse Extends Bullish Run to 2nd Consecutive Trading Session

In yesterday’s trading session, the All Share Index advanced...

NAICOM Unveils 10-Year Transformation Plan via 7 Strategic Agenda

The National Insurance Commission (NAICOM) has unveiled a 10-year...

Dependency Fear: Ukraine, Shell in $10bn Shale Gas Drilling Deal

Ukraine's Fuel Minister Stavitsky, Ukraine's President Yanukovich, Netherlands' Prime...

Jobberman, Mastercard Target 5m Job Seekers in Alliance for Better Work Initiative

Jobberman, a major job placement website in sub-Saharan Africa,...

Stanbic IBTC Bank Drives Regional Trade Innovation at GTR West Africa 2025

Stanbic IBTC Bank has successfully concluded its strategic participation...

Leadway Assurance: Official Insurance Partner of Lagos International Trade Fair 2025

L–R: Juliet Okon, Head, Alternative Channel and High Net-worth...
spot_img

Related Articles

Popular Categories

spot_imgspot_img