China announces ¥200 million grant to Nigeria for development projects
The Chinese government has announced a ¥200 million grant to Nigeria to support the implementation of development projects agreed upon by both governments. The post China announces ¥200 million grant to Nigeria for development projects appeared first on Nairametrics .
The Chinese government has granted Nigeria a sum of ¥200 million for development projects, announced during a meeting between Chinese Ambassador Yu Dunhai and Nigeria's Permanent Secretary of the Ministry of Foreign Affairs, Dr. Dunoma Umar Ahmed. This grant, equivalent to approximately N40.32 billion, is aimed at supporting Nigeria's national development and economic growth.
Chinese Ambassador Yu highlighted the strong bilateral relations between the two countries, which have remained prominent in China-Africa relations since 1965. Both countries are committed to implementing agreements reached by their leaders and are working together to achieve the outcomes of the 2024 Forum on China-Africa Cooperation (FOCAC) Beijing Summit.
The specific projects to be financed with the grant have not been disclosed. This grant is part of China's broader support for Nigeria's development, as both countries seek to deepen their Comprehensive Strategic Partnership.
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