CHINA CAN INVEST MORE IN THE NIGERIAN ECONOMY.... UMAHI .... Says Naira Swap Is Imperative For Both Countries

L-R, the Chinese Ambassador to Nigeria,H.E Mr. Yu Dunhai in a hand shake with the Hon. Minister of Works Engr. Nweze David Umahi during a courtesy visit to the Office of the Minister at the Federal Ministry of Works, Mabushi Abuja 

"China has every reason to support the Nigerian President in promoting economic growth, particularly in terms of infrastructural development." Umahi 

..... Urges the Chinese government to respond positively to Nigeria’s friendly overtures by bringing adequate investments and technology to boost the economy.

Nigeria expects increased investments and enhanced technology transfer from the Chinese government beyond what is currently available. 

Making this assertion is the Minister of Works, Engr David Umahi when he received in audience, the Chinese Ambassador to Nigeria, His Excellency, Yu Dunhai who paid him a courtesy visit in his office at the Federal Ministry of Works, Mabushi, Abuja on Wednesday.

Engr. Umahi highlighted the various road and infrastructure projects being executed by Chinese firms such as CCECC, CHEC, CBC, CGC, and a host of others. 

He emphasised that China has every reason to support the Nigerian President in promoting economic growth, particularly in terms of infrastructural development. 

He, therefore, urged the Chinese government to respond positively to Nigeria’s friendly overtures by bringing adequate investments and technology to boost the economy.

The Minister of Works commended China for its sophisticated and world-class infrastructure development and requested the transfer of such advanced technologies, along with specialised training for Nigerian engineers in China.

Engr. Umahi, in a statement issued and signed by Mohammed A. Ahmed, Director Press and Public Relations of the Ministry, encouraged further cooperation to strengthen the existing bilateral relationship between the two countries. He urged the Ambassador to expedite discussions on the Naira swap deal, which he believes will facilitate seamless transfer of funds and enhance bilateral cooperation.

Earlier, the Chinese Ambassador, H.E. Yu Dunhai, praised Nigeria for its cultural diversity and the enterprising spirit of its citizens. He acknowledged Nigeria as one of the world's largest exporting nations, similar to China. 

The Ambassador commended President Bola Ahmed Tinubu, GCFR, for his transformative leadership, particularly in providing quality and basic infrastructure to Nigerian citizens. He assured the Minister of his full cooperation in elevating the existing relationship between both countries and expressed optimism about the viability of the Naira swap deal, especially now that Nigeria is a member of BRICS nations.

Present at the courtesy visit were the Honourable Minister of State, Bello Mohammad Goronyo, Esq., the Permanent Secretary, Engr. Olufunso Adeniyi, FNSE, and other Directors in the Ministry.