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Nigerian delegation leaves for China-Africa Cooperation meeting in Beijing

Senator Udo Udoma
Senator Udo Udoma

A delegation from Nigeria will be leaving for Beijing, China, on Monday (July 25, 2016), for the Coordinators’ Meeting on the implementation of the follow-up actions of the Johannesburg Summit of the Forum on China Africa Cooperation (FOCAC).
The Johannesburg Summit which was held in December 2015 identified 10 critical areas of cooperation between China and African countries, including Nigeria.
According to a statement by Akpandem James, Media Adviser to the Hon. Minister of Budget and National Planning, President Muhammadu Buhari’s visit in April this year further bolstered Nigeria’s participation in the 10 critical areas which covers industrialization, Agricultural Mechanization, Infrastructure Development, Financial Cooperation, Green Development, Trade and Investment Facilitation, Poverty Reduction, Public Health, Cultural and People-to-people Exchange and Peace and Security.
Recently, Nigeria developed a short-list of projects which the team to China, led by the Minister of Budget and National Planning, Senator Udoma Udo Udoma, will be discussing at the FOCAC coordination meeting in Beijing during the week.
The Chinese government had pledged a $60 billion assistance to African countries to develop and grow their infrastructural and human development capacities. $35 billion is set aside for concessionary loans, $10 billion for the China Africa Fund for Production capacity while $5 billion each is earmarked as no-interest grants; China Africa Development Fund; and special loan for the development of Small and Medium-scale Enterprises (SMEs).
The delegation is also expected to fine-tune and strengthen the bond of relationship between the two countries by ensuring the faithful implementation of the bi-lateral agreements signed during the State visit of President Buhari to China early this year.
Budget and National Planning Minister, Udoma, said the successful implementation of Nigeria’s identified projects under FOCAC is expected to further enhance the relationship.

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