• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Nigeria, China sign $382 million NICTIB 11 project

Damilare Famuyiwa by Damilare Famuyiwa
September 3, 2018
in Business News, Politics
China loan

Nigeria's $328m EXIM loan

Share on FacebookShare on TwitterShare on Linkedin

Nigeria has completed the signing of a $328 million agreement with China for the implementation of the National and Communication Technology Infrastructure Backbone (NICTIB) Phase 11. This was confirmed by President Muhammadu Buhari’s Senior Special Assistant on Media and Publicity, Garba Shehu.

The agreement was signed when Buhari arrived in Beijing, China, for the 2018 Forum on China–Africa Cooperation (FOCAC), with Chinese President Xi Jinping witnessing the signing.

Shehu said the signed NICTIB 11 project is aimed at developing information and communications technology in Nigeria.

RelatedStories

China’s wobbly economy: Implications for Nigeria’s next president

China grants duty-free access to all African countries amid shifting global trade dynamics 

June 12, 2025
Independence day – Women, wealth, and the call for financial freedom 

Nigeria slips to 66th position in 2025 Global Startup Ecosystem Index  

May 31, 2025

The NICTIB 11 project will be executed by Galaxy Backbone Limited and Huawei Technologies Limited (HUAWEI) while funding will come from the Chinese EXIM Bank.

“The bank facility is for the development of NICTIB 11 project which is consistent with the current administration’s commitment to incorporating the development of ICT into national strategic planning under the National Economic Recovery and Growth Plan (ERGP),” the statement read. 

President Buhari had departed Nigeria for China to participate in the 7th Summit of the Forum on China-Africa Cooperation (FOCAC).

The forum is scheduled to hold from Monday, September 3, 2018, to Tuesday, 4th of September 2018 in Beijing.

What is expected of President Buhari in China

The Nigerian President is scheduled to join President Xi Jinping and other African leaders for the opening and roundtable sessions of the 2018 FOCAC Beijing Summit under the theme: “Towards an even Stronger China-Africa Community with a Shared Future.”

Before the formal opening of the FOCAC Summit, President Buhari who’s the incumbent chairman of Economic Community of West African States (ECOWAS), will be delivering remarks at the High-Level Dialogue between Chinese and African leaders, business representatives, and African entrepreneurs.

After the FOCAC Summit, President Buhari will hold bilateral meetings with the president of China and Prime Minister Li Keqiang of China to discuss infrastructure financing for strategic projects in Nigeria and the upgrading of Nigeria-China relations from a strategic partnership to comprehensive strategic partnership.

The President will also use the occasion of his audience with the Chinese leadership to assess the progress made so far in Chinese interventions in Nigeria’s key priority infrastructure projects, particularly on-going projects in the railway and power sectors.


Follow us for Breaking News and Market Intelligence.
Tags: chinaNICTIB Phase 11Nigeria
Damilare Famuyiwa

Damilare Famuyiwa

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

Related Posts

China’s wobbly economy: Implications for Nigeria’s next president
Economy

China grants duty-free access to all African countries amid shifting global trade dynamics 

June 12, 2025
Independence day – Women, wealth, and the call for financial freedom 
Sectors

Nigeria slips to 66th position in 2025 Global Startup Ecosystem Index  

May 31, 2025
President Bola Tinubu,
Economy

FG clarifies proposed $21.5 billion debt, taps World Bank, ADB, China, France, EU for new loan

May 27, 2025
‘If war is what the U.S. wants, be it a tariff or trade war, we’re ready’ – China 
Aviation

China lifts ban on Boeing plane deliveries as trade tariff agreement takes effect 

May 13, 2025
Developing countries may likely bear the brunt of OPEC’s oil production cuts – IEA
Energy

Nigeria, Ivory Coast, and Mozambique set for 10 offshore drilling projects by 2027 

May 5, 2025
Nigeria pledges support for BRICS to drive global finance reforms and multilateral cooperation among partners 
Economy

Nigeria pledges support for BRICS to drive global finance reforms and multilateral cooperation among partners 

April 30, 2025
Next Post
NOVA Merchant Bank Plc

NOVA Merchant Bank Appoints Anya Duroha as Acting Managing Director / Chief Executive Officer

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Africa Re to celebrate retirement Of DMD/COO, Mr. Ken Aghoghovbia
  • Sovereign green bond offer records N91.42 billion, oversubscribed by 183% – DMO 
  • Banks clear 95% of N180 billion USSD debt, 3 lenders still owing – ALTON 

Follow us on social media:

Recent News

Africa Re to celebrate retirement Of DMD/COO, Mr. Ken Aghoghovbia

Africa Re to celebrate retirement Of DMD/COO, Mr. Ken Aghoghovbia

June 19, 2025
DMO, FGN Savings Bonds

Sovereign green bond offer records N91.42 billion, oversubscribed by 183% – DMO 

June 19, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics