China pledges N40bn grant for devt projects in Nigeria

Chinese Ambassador to Nigeria, Yu Dunhai, says China will provide a grant of RMB200 million (N40.3 billion) to support the implementation of development projects in Nigeria.

Yu disclosed this on Thursday during a meeting with Dr Dunoma Ahmed, the Permanent Secretary, Ministry of Foreign Affairs, in Abuja.

He said the grant would support projects jointly agreed upon by the governments of the two countries as part of efforts to advance Nigeria’s development priorities.

According to him, the grant is part of China’s continued support for Nigeria’s national development and economic growth, and efforts to translate bilateral agreements into tangible benefits for the people.

The envoy recalled that China-Nigeria relations had remained at the forefront of China-Africa relations since the establishment of diplomatic ties between the two countries 55 years ago.

“Over the past 55 years since the establishment of diplomatic relations between China and Nigeria, bilateral relations have consistently remained at the forefront of China-Africa relations,” Yu said.

According to him, the China-Nigeria Comprehensive Strategic Partnership has entered a new stage of high-quality development under the strategic guidance of Chinese President Xi Jinping and Nigerian President Bola Tinubu.

He said both countries had maintained close communication and coordination in implementing the common understandings reached by their leaders and the outcomes of the 2024 Forum on China-Africa Cooperation (FOCAC) Beijing Summit.

Yu said the objective was to ensure that cooperation between both countries was translated into concrete outcomes capable of improving the lives of their citizens.

“China and Nigeria have maintained close communication and coordination, working together to implement the common understandings reached by the two heads of state and the outcomes of the 2024 FOCAC Beijing Summit,” he said.

Responding, the permanent secretary expressed appreciation to the Chinese Government for its continued support for Nigeria’s economic and social development.

He said the grant demonstrated China’s commitment to supporting Nigeria’s development, and reflected the longstanding friendship between the two countries.

“The grant assistance fully demonstrates China’s sense of responsibility as a major country and reflects the deep friendship between Nigeria and China,” he said.

Ahmed assured that Nigeria would ensure effective utilisation of the grant and work closely with China to implement existing bilateral cooperation agreements.

He said Nigeria remained committed to strengthening Nigeria-China relations and ensuring that bilateral cooperation produced greater benefits for the peoples of both countries.

NAN reports that the meeting bothered on the 55th anniversary of diplomatic relations between Nigeria and China, and ongoing efforts to implement the 2024 FOCAC outcomes.

NAN