09 - 11 Sep 2019

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Nigeria, 66 Others Seal 'Belt and Road' Pact With China

China, on Monday, said Nigeria and 66 other countries have officially joined its Belt and Road Initiative (BRI).

BRI is considered as the most ambitious infrastructure investment effort in history through which China aims to boost trade and connectivity on a trans-continental scale.

The initiative, introduced by the Chinese Government in 2013, aims to strengthen infrastructure, trade, and investment links between China and participating countries.

It is poised not only to reshape global trade but also fill large and long-standing infrastructure gaps in partner countries and raise the living standards for more than half of the world's population.

In 2018 alone, 67 countries signed cooperation documents with China on BRI, bringing the number of participants to 152, including international organizations, Zhang Yesui, a spokesperson for the annual session of China's national legislature told journalists at a press conference in Beijing, China's capital.

Nigeria signed the document last September at a bilateral meeting between presidents Muhammadu Buhari and Xi Jinping, held on the sideline of the Forum on China-Africa Cooperation (FOCAC) in Beijing. via @allafrica. Please read the full article here: https://allafrica.com/stories/201903050027.html