By Udesinanna Stephen
Ten Chinese firms have presented letters of intent to pull together 4 billion US Dollars investments in Nigeria.
The Chinese firms presented the Letters to the Vice President at the ongoing 3rd Belt And Road Initiative (BRI) in China.
As gathered from the VP’s X account @officialSKSM. “The ten Chinese firms are TBEA (solar products), Dongfeng Vehicles Co. (vehicle design and production) and HiLong Energy (CNG, LNG, methanol)
“Others are Space Star Technology (Drone technology transfer); ENRIC (clean energy utilization technology); and Hidier Group (development of new industrial park), China State Construction Company (building technology and materials); CIMC (natural gas infrastructure delivery); Value Platform International Services Ltd (vocational training) and Acadia Technologies (Shenzhen) Co. Ltd. (smart grids and microgrids).” He noted.
“During the signing of the MoU on the construction of the Deep Blue Sea Port at the Lekki Free Trade Zone, the Minister of Works, Engr. Dave Umahi said the massive project was yet another indication that Nigeria still remains an industrial haven for many investors.
Also, Shettima noted that “The National Agency for Science and Engineering Infrastructure (@NASENIHQ) and three Chinese partners have signed Memoranda of Understanding (MoU) for new projects valued at $2 billion.
“Another $4 billion is the worth of letters of intent for new projects and investments.” He revealed.