Nigeria and China have forged an unbreakable bond, signing a landmark $3.3 billion agreement to develop the Brass Industrial Park and Methanol Complex at the inaugural China-Nigeria Economic Cooperation and Trade Conference during the 2024 Forum on China-Africa Cooperation in Beijing.
This was disclosed in a statement signed by the Director, Information and Public Relations, Mohammed Manga, FCAI, on Friday.
The conference, chaired by Nigeria’s Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, underscored the significance of South-South cooperation and its pivotal role in Nigeria’s sustainable development goals.
According to the statement, “The minister emphasized President Bola Ahmed Tinubu’s dedication to fostering a business-friendly environment that attracts increased investment, particularly in key sectors such as infrastructure, energy, and industry”.
Infrastructure Development and Financial Cooperation
Both nations reiterated their commitment to joint infrastructure projects, including roads, bridges, and energy systems, aimed at accelerating industrialization and driving long-term economic growth in Nigeria
Financial and security cooperation also took center stage, with both countries agreeing to enhance intelligence sharing to combat money laundering and financial crimes.
Transformative Growth and Job Creation
The $3.3 billion Brass Industrial Park and Methanol Complex agreement is expected to significantly boost Nigeria’s industrial output and generate vital employment opportunities.
This historic partnership will undoubtedly propel Nigeria’s economic agenda forward while reinforcing China’s Belt and Road Initiativ.
Mutual Commitment to Ongoing Engagement
The conference concluded with a strong mutual commitment to ongoing engagement, open dialogue, and reinforced cooperation between Nigeria and China.
As both nations embark on this extraordinary journey together, the world watches with bated breath, eager to witness the remarkable achievements that will unfold from this unbreakable bond.
