Nigeria and China signs $328m ICT deal

President Mohammadu Buhari arrived Beijing Saturday to attend the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC2018) holding September 3 – 4, 2018. During the 6-day official visit, PMB is expected to join President Xi Jinping to witness the signing of an agreement on the $328m National Information & Communication Technology Infrastructure Backbone Phase 11 (NICTIB 11),between Galaxy Backbone Limited & Huawei Technologies Ltd. The Funding for the NICTIB 11 project will be provided by the Chinese EXIM Bank. The project is consistent with the Buhari Administration’s commitment to incorporating the development of ICT into national strategic planning under the National Economic Recovery and Growth Plan. Presidents Buhari and Xi will also witness the signing of the MOU on One Belt One Road Initiative (OBOR), proposed by President Xi in 2013 with a view to integrating the development strategies of partnering countries.

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