Inside Nigeria
Nigeria Signs $328m ICT Agreement With China
Nigeria has signed a $328 million agreement with China on the National and Communication Technology Infrastructure Backbone (NICTIB) Phase 11.
The NICTIB 11 project is aimed at developing information and communications technology in Nigeria.
Garba Shehu, senior special assistant to President Muhammadu Buhari on media and publicity, disclosed this in a statement on Saturday.
NAN reports that the agreement was signed when Buhari arrived in Beijing, China, for the 2018 Forum on China–Africa Cooperation (FOCAC), with Chinese President Xi Jinping witnessing the signing.
The NICTIB 11 project, the statement said, will be executed by Galaxy Backbone Limited and Huawei Technologies Limited (HUAWEI) while funding will come from the Chinese EXIM Bank.
“The bank facility is for the development of NICTIB 11 project which is consistent with the current administration’s commitment to incorporating the development of ICT into national strategic planning under the National Economic Recovery and Growth Plan (ERGP),” the statement read.
“President Buhari and his Chinese host will also witness the signing of the MoU on One Belt One Road Initiative (OBOR).”
In 2013, the Chinese president had proposed the initiative of building the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, with a view to integrating the development strategies of partnering countries.
During the FOCAC Summit, the Nigerian delegation is also expected to sign no fewer than 25 MoUs.
“These include those proposed by the Nigerian Investment Promotion Commission (NIPC), Nigerian National Petroleum Corporation (NNPC), and Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA),” the statement read.
Anonymous
September 3, 2018 at 4:41 am
Clueless leader…..he signed $358 billion ict bullshit and distributed not long ago $322 billion abacha’s recovered loot. How did this idiot get to power??
Anonymous
September 2, 2018 at 11:05 pm
Why tf are they ALL there?! Wasn’t it Buhari who swore against this habit of carrying about personnel unneeded for trips?
Anonymous
September 2, 2018 at 10:16 pm
Good News
Anonymous
September 2, 2018 at 9:20 pm
Who did these to Nigeria (Africans)
Anonymous
September 2, 2018 at 9:14 pm
terrorists government and it supporters like China
Anonymous
September 2, 2018 at 9:00 pm
Bunch of criminals
Anonymous
September 2, 2018 at 7:53 pm
Wayooo
Anonymous
September 2, 2018 at 7:25 pm
Wao, this government is clueless, what a joke
Anonymous
September 2, 2018 at 7:23 pm
A month ago the @MBuhari government shared $322 million Abacha loot to the ‘poor’. Yesterday, President @MBuhari signed a $328 million ‘soft loan’ agreement in China. And when they say this fellow is ‘lifeless’ you take offence. Is this not evidence of lifelessness?
Anonymous
September 2, 2018 at 7:19 pm
And we just shared Abacha’s loot, who did we offend?? Scam scammer scammest
Anonymous
September 2, 2018 at 7:24 pm
Sorry the boss is not Igbo to be 419 or any scam
Anonymous
September 2, 2018 at 7:32 pm
You get boss? All your cousins dey carry basket and wheel barrow upandan, keep deceiving yourself that its only Igbo’s that do 419. Go and buy sense you are lacking in that dept, what was the essence of claiming to share money today and borrow tomorrow?