Nigeria indicates more interest in China's railway offers
Updated: 2016-02-02 05:12
Speaking at a town hall meeting with Nigerians living in Ethiopia on Sunday, President Muhammadu Buhari said he had ordered a review of several railway transport projects signed by the previous administration with the Chinese government.
He said the Chinese government was very generous to Nigeria on the projects signed with the previous government because they agreed to pay 85 percent of the project.
But, the Nigerian government was unable to meet up with its counterpart funding of 15 percent, so the Chinese government was unable to make any impact on the project, he said.
The president said he had directed the Ministers of Transportation, Finance, and Power, Works and Housing, to revisit the agreements and explore ways of re-approaching the Chinese government for assistance.
Chinese Ambassador to Nigeria Gu Xiaojie met with Nigeria's Minister of Finance, Kemi Adeosun, and the Minister of Transport, Rotimi Amaechi a few days ago in Abuja to exchange views on cooperation in investment and financing areas.
He said that 2016 is the 45th anniversary of the establishment of diplomatic ties between China and Nigeria.
The envoy told the ministers that China is willing to take this opportunity to strengthen cooperation in investment and financing areas so as to further promote the development of bilateral relations.
- Obama pledges $4.2b for computer science education
- Zika a new headache for Olympics prep
- Key players in 2016 US presidential race
- Negotiating political transition in Syria 'possible': Hollande
- At least three killed in light plane crashes in Australia
- BOJ further eases monetary policy, delays inflation target