The National Agency for Science and Engineering Infrastructure (NASENI) and three Chinese partners have signed a memorandum of understanding for new projects worth $2 billion.
The signing ceremony was performed on Thursday at Nigerian Embassy in Beijing, China, in the presence of Vice President Kashim Shettima.
NASENI also received letters of intent for new projects and investment worth $4 billion from more Chinese companies.
The Federal Ministry of Works also signed an MoU with China Harbour Engineering Company Limited for the construction of the Lekki Blue Seaport contract at the Lekki Free Trade Zone in Lagos.
Vice President Kashim Shettima, who represented President Bola Ahmed Tinubu at the Belt and Road Initiative Forum in Beijing, China, witnessed the event, which had the Minister for Foreign Affairs, Minister of Power and other top government officials present.
Fielding questions from journalists after the signing ceremony, Vice President Kashim Shettima commended all the stakeholders for the projects, saying Nigeria has never been this ripe and ready for businesses.
He said with the meticulous efforts of the Tinubu administration to ensure a level playing ground for all investors following the removal of all bottlenecks, the coast is now clear for deepened economic and trade collaborations.
The Executive Vice Chairman of NASENI, Mr Khalil Halilu, said the manifestation of the agreements was a fulfillment of NASENI’s commitments towards boosting the foreign direct investment drive of the Tinubu administration.
“This is a very important day for us at the National Agency for Science and Engineering Infrastructure because it is a day to show the results of some of the work that we have been doing in the last six weeks since I assumed the leadership of NASENI,” he said.
