President Muhammadu Buhari has met with Chinese president Xi Jinping at a China-Africa Cooperation (FOCAC) summit in Johannesburg, South Africa, on 4 December.
Please, scroll dwon for photos below!
It would be recalled that Muhammadu Buhari and his Chinese counterpart Xi Jinping have already discussed bilateral cooperation and upgrading the two countries’ strategic partnership during the last General Assembly of the United Nations, in New York, on Septemeber 27 this year.
A statement by the presidential spokesman, Mr. Femi Adesina, stated
that during the meeting in New York, President Buhari had indicated to
Xi Jinping that “he wanted China to re-commence stalled rail projects
under new terms that would see China providing nearly all the financing
required.”
The statement added that “of particular interest is the coastal
railway project stretching for 1402 kilometres linking Lagos in the West
with Calabar in the East; a project that is expected to be financed
with 12 billion U.S Dollars Chinese loan and which will create about
200,000 jobs.”
(PHOTOS)
Outside from railways, President Buhari is also expected to discuss
ways of kick-starting the 3,050 MW Mambila Power Station, considered to
be a strategic project initiated in 1982 but has not taken off. The
Chinese President also expressed the willingness of his country to
finance the whole project through a special loan agreement.
Buhari, who was accompanied by the Minister of Foreign Affairs,
Geoffrey Onyema; Minister of Transportation, Chubuike Amaechi; and the
Minister of Industry, Trade and Investment, Okechukwu Enelamah,
would return to Abuja on Saturday, December 5.
The FOCAC meets every three years since its inaugural meeting in Beijing in 2000. China is the top trade partner for Africa with some $222 billion of goods and services changing hands between Chinese and African traders in 2014.
African countries have also benefited hugely from Chinese foreign aid in recent decades. Though China is secretive about its foreign aid activities, it reportedly funds more than 2,500 development projects across 51 African states, worth a combined total of approximately $94 billion.
Please, scroll dwon for photos below!
It would be recalled that Muhammadu Buhari and his Chinese counterpart Xi Jinping have already discussed bilateral cooperation and upgrading the two countries’ strategic partnership during the last General Assembly of the United Nations, in New York, on Septemeber 27 this year.
President
Buhari has met with Chinese president Xi Jinping at a China-Africa
Cooperation (FOCAC) summit in
Johannesburg, South Africa, on 4 December
President
Buhari in a bilateral meeting eith Chinese president Xi Jinping at a
China-Africa Cooperation (FOCAC) summit in Johannesburg, South Africa,
on 4 December
(PHOTOS)
Buhari
wanted China to re-commence stalled rail projects under new terms that
would see China providing nearly all the financing required
China
is the top trade partner for Africa with some $222 billion of goods and
services changing hands between Chinese and African traders in 2014
The FOCAC meets every three years since its inaugural meeting in Beijing in 2000. China is the top trade partner for Africa with some $222 billion of goods and services changing hands between Chinese and African traders in 2014.
African countries have also benefited hugely from Chinese foreign aid in recent decades. Though China is secretive about its foreign aid activities, it reportedly funds more than 2,500 development projects across 51 African states, worth a combined total of approximately $94 billion.
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