Our Reforms Will Lead To Economic Growth, Says Tinubu by JAOS(m): 7:34am |
Nigeria-China sign MoUs on power, rail constructionPresident Bola Ahmed Tinubu yesterday said his administration remained committed to sustainable growth through the effective implementation of ongoing economic reforms.
The President made the remark at a meeting with Chinese President, Xi Jinping, in Beijing, China, said his spokesman, Ajuri Ngelale, in a statement.
“We believe that President Xi has demonstrably reformed the Chinese economy, and our reform programme in Nigeria is on a similar course. I am a reformer with verifiable antecedents.
“We have recognised the need to reform our economy; we are doing so diligently across tax and tariff reviews, and to other segments of our nation’s economy.
“Trading and investment partners will have easy access to bring in their investments and seamlessly take their resources out,” the President stated.
Also yesterday, Memoranda of Understanding were signed between Nigeria and China to strengthen the partnership between them.
Presidents Tinubu and Jinping watched as Minister of Budget and National Planning Atiku Badugu signed on behalf of Nigeria while Chairman, China National Development and Reform Commission, Mr. Zhang Shanjie signed for his country.
Jinping noted the strong mutual understanding between Nigeria and China since the establishment of diplomatic ties over the past 50 years.
“We have found the path of seeking collective strength, through unity, and win-win cooperation.
“China and Nigeria, as major developing countries, strengthening strategic coordination, will inject fresh impetus to China-Africa relations in the new era and spearhead common progress among Global South countries,” Jinping said.
According to the Chinese leader, the 2024 Forum on China-Africa Cooperation (FOCAC) Summit, scheduled to hold between today and Friday, provides an opportunity to reflect on mutual friendships and advance the consolidation of China-Africa relations.
He pledged that China and Nigeria would continue to work closely within the FOCAC framework as a model of cooperation between nations.
President Tinubu will speak in his capacity as Chairman of Authority of Heads of States on behalf of the Economic Community of West Africa States (ECOWAS).
Tinubu vows to complete Ibadan-Abuja-Kaduna-Kano railway project
President Tinubu yesterday gave assurances that the Ibadan-Abuja-Kaduna-Kano railway project would be completed to the satisfaction of Nigeria and West Africa at large.
Tinubu said this during a visit to the headquarters of China Railway Construction Corporation (CRCC) in Beijing, a statement by Ngelale, said.
“It is equally very important that we give assurances to the Nigerian people across our local communities that the Ibadan-Abuja-Kaduna-Kano railway segments will be completed and done to the satisfaction of Nigeria and West Africa at large.
“We will support your investment in solid minerals and other ventures in Nigeria. I am here to assure you that Nigeria is ready to do business with you,” the President assured Mr Dai Hegen, the Chairman of CRCC.
“The Abuja-Kaduna Railway and Lagos-Ibadan Railway have transported approximately nine million passengers and 180 tonnes of cargo. The Lagos blue line has transported over 1.6 million passengers,” Hegen said.
Similarly, President Tinubu visited Huawei Technologies’ Beijing Research Centre, where the company announced the launch of DigiTruck, a mobile ICT classroom aimed at enhancing digital literacy in underserved Nigerian communities.
During the President’s meeting with Huawei’s leadership, led by Mr Liang Hua, Chairman of the Board of Directors, the company said the initiative would operate in 10 states annually, training at least 3,000 students each year.
He acknowledged the ongoing efforts by Nigeria’s Ministry of Communications, Innovation and Digital Economy to train three million technical talents (3MTT).
Hua said the 3MTT programme was targeted at equipping the country’s young population with the skills necessary for present and future economic opportunities.
Hua lauded President Tinubu’s Renewed Hope Agenda for identifying digital technology as a critical driver of economic growth.
Tinubu approves establishment of youth house in Abuja He said Huawei was prepared to offer its ICT expertise and partner the Nigerian government to support the country in achieving its policy objectives and further its digital, intelligent, and low-carbon development.
Mr Chris Lu, Chief Executive Officer of Huawei Nigeria, expressed support for Nigeria’s National Talent Export Programme (NATEP), an initiative that seeks to position Nigeria as a hub for talent outsourcing in Africa.
“We hope to continuously develop the NOC and expand its capacity so that it can meet the requirements of more African markets, thus facilitating more Nigerian technology talents in serving more overseas’ markets and helping to achieve the goal of NATEP,” Lu said.
FG signs MoU with Chinese firm to assembly electric tricycles, establish first renewable energy academy in Nigeria
The Federal Government also signed two Memoranda of Understanding (MoUs) with a Chinese Company, Mutual Commitment Company (MCC) Limited.
The MoU was facilitated by the Rural Electrification Agency (REA), an agency of the Federal Ministry of Power.
Representing Nigeria were the Minister of Power, Chief Adebayo Adelabu, and the Managing Director of REA, Mr Abba Aliyu.
Adelabu said the signing of the MoU would go down as a memorable event for Nigeria.
He congratulated the REA and the National Power Training Institute of Nigeria (NAPTIN), saying that the MOU would enable Nigeria to achieve it’s vision for the renewable energy sub-sector of the entire electricity sector value chain.
Adelabu said the MoU signing is important for several factors.
He stressed: “I know Nigeria and China have a lot of things in common, one of which is the fact that Nigeria and China are both high population countries and with a country with high population, you have so much pressure. The first pressure is that of energy access and the second being job creation.
“So, when you take steps to achieve both, it is a thing of joy. I am particularly happy that this is happening during the tenure of President Bola Tinubu, as it is in line with achieving the Renewed Hope Agenda of the administration.”
The minister said the President had prioritised the power sector as the driver for all other critical sectors of the economy and, “ he is giving us all the support to ensure we deliver on his electoral promises”.
He noted that energy access and expansion are government’s major priorities because nothing can be achieved without strong, stable, functional and reliable electricity sector.
Adelabu added: “ We have relied so much on centralization of our power sector for so long that it is not taking us anywhere”.
The Minister said MCC is presently engaged in Nigeria with the construction of 12megawatts and three megawatts power plants in Maiduguri and Kaduna respectively.
Vice Chairman of MCC, Yan Zhezhu, who spoke through an interpreter, lauded the power minister’s commitment to Nigeria’s energy growth.
He said: “We are not new to Nigeria, having started in Oyo State a long time ago. Presently, we have ongoing projects in Maiduguri and Kaduna and we appreciate the cooperation we have so far received. Our projects have seen us working with states and the Federal Government in Nigeria and we are committed to do more”.
The National grid on Monday hit a record high of 5,313 megawatts, a record high in the last three years.
On the heels of this, the minister called on the Distribution Companies to make use of the opportunity to take more energy to prevent grid collapse as frequency drops, when power is produced and not picked by the DISCOs.
He said efforts would be made to encourage industries to purchase bulk energy.
However, a top official of one of the DISCOs in the country said the companies are finding it difficult to pick the extra energy being produced because, “ we are not happy with the tariff on other bands apart from Band A.”
He added: “As it is now, we are basically operating at a loss. Yes, they supply more power, but this problem could be solved with improved tariff for the other bands and more meter penetration to recover cost.”
8 Likes |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by Medipharm: 7:37am |
Carry your reforms comot. Mumu reforms 59 Likes 2 Shares |
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Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by Zionmdde: 7:48am |
Which of the reforms exactly 56 Likes |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by SWriter(f): 7:48am |
Funny 4 Likes |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by cococandy(f): 8:05am |
I truly hope so 5 Likes 3 Shares |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by omenka1: 8:05am |
Which kyn yeye reform, THE AUDACITY 37 Likes |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by omenka1: 8:05am |
This man nor dey shame oooo.... Monumental failure of a president 35 Likes 4 Shares |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by MyPeopleInfo(m): 8:05am |
Ok |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by ogolemati: 8:06am |
19 Likes 1 Share
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Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by Ennyjude(f): 8:06am |
As usual |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by happney65: 8:06am |
Bulabu says he will complete the Ibadan,Kano,Kaduna,Abuja railway.. If he does,It will be easier to import Northern Yarina to Ibadan and the SW in General.. Thank you Bulabu.. ![cheesy](https://www.nairaland.com/faces/cheesy.png) 13 Likes |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by Ernerstdavid55(m): 8:06am |
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Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by moscow007: 8:06am |
At this stage, this man has no intentions of fixing Nigeria or stopping the downward decline Nigeria is experiencing.
One thing is sure, he's out for war, damning all consequences. Because he intends to suffer non.
If you are in opposite in the North or South West, there's no better time to take some personal security measures than now, becos his modus operandi for opposite is elimination.
The rampage of bandits is all intentional, if u are taken out, it will be blamed on bandits. 11 Likes |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by Neduzoma123456: 8:06am |
By that time ,shey I never for don die of hunger . Idiot 6 Likes 1 Share |
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Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by MidasTouch15: 8:07am |
It is quite funny. This man doesn't even care. He wanted power , he wanted just to be called the president. Now he has, and doesn't even care if the nation crumbles.
The next protest wouldn't even be announced. 15 Likes 2 Shares |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by omenka1: 8:07am |
Medipharm: Carry your refund comot. Mumu reforms Reform that is escalating hunger and insecurity in the land. 5 Likes |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by nairalanda1(m): 8:07am |
There are no reforms..just the same old resource dependency No attempt at getting us to be a manufacturer and exporter of manufactured goods and services 34 Likes 1 Share |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by omenka1: 8:07am |
MidasTouch15: It is quite funny. This man doesn't even care. He wanted power , he wanted just to be called the president. Now he has, and doesn't even care if the nation crumbles.
The next protest wouldn't even be announced. The man dey really overdo 2 Likes |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by ogododo: 8:07am |
JAOS:
Nigeria-China sign MoUs on power, rail construction
I beg whose kind. Yeye man. Tinulubu na wicked man. 7 Likes |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by Promise47(m): 8:07am |
Rotten refrom nonsense 6 Likes |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by mkoabiola: 8:08am |
Very funny man.. 2 Likes |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by Nice2023(m): 8:08am |
Useless reform. 5 Likes 1 Share |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by Charmingrascal(m): 8:08am |
Yea. Gradually we will get there
May all enemies of Nigeria crumble, stumble and fall flat.
May Nigerians prosper May Nigeria be great 1 Like 1 Share |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by obinnajohnson: 8:08am |
This man is still talking trash 6 Likes |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by Oceemo(m): 8:08am |
Only talks never any works 5 Likes |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by Kelklein(m): 8:09am |
An African adage says "you can't wake a man who pretends to be asleep"..
Any 'reform' that promotes hunger on a massive scale among the common folks shouldn't be called a reform. It's an 'error' you all have refused to admit. But you will admit soon when election approaches and you come back to offer the people a fake crocodile apology.
These are the same people who promised to stabilised the Dollar at 300 in the medium term and achieve 200 on the long term. So they have seen that good governance is rocket science afterall
🚶🏾♂️🚶🏾♂️🚶🏾♂️🚶🏾♂️ 3 Likes |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by Elipsis: 8:09am |
Before now, I used to think that the President didn't have people telling him the truth. But that argument can no longer work.
The President watches TV and reads newspapers.
He has unlimited access to the internet. He can simply use his phone to go online and see what people are talking about him.
Why does he continue to remain unsympathetic to the sufferings of Nigerians? How can one be so blinded that he doesn't care if people starve to death because of his policies?
How does he sleep at night, knowing that he is the cause of at least 100 deaths per day?
What does it take to show a little mercy to your own people? 8 Likes |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by gentlesmithugo(m): 8:10am |
Talk talk, no action What a disaster of President 3 Likes |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by Melonsmasher: 8:10am |
Yeye reform 2 Likes |
Re: Our Reforms Will Lead To Economic Growth, Says Tinubu by Yemidiya(m): 8:10am |
.. SHA WEAR YA LATEST MODEL OF JIGI BOLA(GLASSES) BEFORE YOU SIGN RUBBISH FOR DERE, I GO CONTINUE TO DEY SHOUT MY OWN OOO COS YOU DIS MANNNN... WE NO UNDERSTAND YOU OOOO... 2 Likes 1 Share |