China To Support Nigeria In building Mambila Hydroelectric Power Project
The Chinese Government has agreed To support Nigeria to build the 3050 Megawatts Mambilla Hydroelectric Power Project.
Nigeria’s Minister of Finance Kemi Adesoun and Wang Xiaotoa, Director-General, International Development Agency, in the presence of President Muhammadu Buhari and President Xi Jinping of China, signed the concessional loan agreement between Galaxy Backbone Limited and Huawei Technologies Limited (HUAWEI).
Nigeria and China also signed a Memorandum of Understanding for the One Belt One Road Initiative (OBOR).
Nigeria’s Minister of Foreign Affairs Geoffrey Onyeama and He Lifeng, Director, China’s National Development and Reform Commission signed the OBOR- an initiative of President Xi, which focuses on improving connectivity and cooperation among multiple countries spread across the continents of Asia, Africa and Europe.
Earlier during his meeting with President Xi, the Nigerian leader, while commending the Chinese government for successfully hosting the Forum on China-Africa Cooperation (FOCAC) solicited support for the Mambilla hydropower project.
Noting that Mambilla project remains a key priority to Nigeria, the President also sought additional Chinese funding for four airport terminal projects as well as the Abuja light rail project.
President Buhari told his Chinese counterpart that since his last visit to China in 2016, the brotherly relationship between both countries had continued to flourish.
President Buhari noted that in the period under review, China had provided concessionary loans to fund critical infrastructure projects in Nigeria, adding that these interventions have positively impacted millions of Nigerians and will continue to do so for generations to come.
The Nigerian leader also lauded China’s support for two permanent seats for Africa at the United Nations, noting that the reform of the Security Council would ensure equitable representation for the continent.