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We are ready to provide counterpart funding for infrastructure – Buhari assures China

Buhari assures China to provide counterpart funding

President Muhammadu Buhari, Tuesday in Abuja said the Federal
Government is ready to provide counterpart funding for all agreements
reached with the People’s Republic of China to fast- track ongoing
efforts in closing infrastructure gaps.

Speaking with the Chinese Ambassador to Nigeria, Mr. Zhou Pingjian,
at the presentation of Letters of Credence ceremony at the State House,
President Buhari commended the readiness of the Chinese public and
private sectors to invest in Nigeria, especially in areas that would
directly improve the livelihood of Nigerians.

‘‘We really appreciate the efforts of the Chinese government and its
people in supporting Nigeria’s development by always seeking to improve
our bilateral relations.

 “We are also happy that China is working with Nigeria as partners in
progress. We will work hard to always meet the counterpart funding for
all the agreements reached during my visit to China in April, as we look
forward to stronger ties,’’ the President said.

President Buhari also noted that the relationship between Nigerian
and China had over the years bolstered the country’s economy through
technology and skills transfer in areas like rail, road and energy
constructions.

The President said Nigeria was ready to receive prospective investors from China who had signified interest in the country.

Earlier, the Chinese ambassador said he had been inundated with so
many requests by investors from his country who had been ‘‘falling over
one another” to explore business opportunities in Nigeria.

Source: Dailypost

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