President Muhammadu Buhari and the visiting French President Emmanuel Macron witnessed the signing of the agreements during their bilateral talks held at the Presidential Villa, Abuja.
The Lagos agreement involved a letter of intent for the financing of urban mobility improvement project through a loan of 200 million dollars. The urban mobility project will involve development of eight priority bus corridors connected to the Lagos mass transit network.
In Ogun, a French firm in conjunction with the Nigeria Sovereign Investment Authority is to mobilise from investors about 200 million dollars for land reclamation to correct the massive degradation of arable land being witnessed in the state.
France, through its foreign development agency, Whence Francaise de Development (AFD), will also extend a credit facility of 75 million dollars towards improving water supply in Kano city.
The two presidents pledged to increase the cooperation between Nigeria and France in tackling security challenges occasioned by Boko Haram and ISIS jihadists in Nigeria and the Sahel region of Africa.
From pm news
I hope all these 'signatures and agreements' won't land Nigeria in serious debts in future!
ReplyDeletePlease who is paying for this deal. My eye is paining me
ReplyDeleteAlways signing.. . Abegyyyyy. Let's see the use of it
ReplyDeleteHmmmm...I wonder what France is getting in return for this.
ReplyDeleteReforestation of the desert. Only the north needs reforestation. God save Nigeria from this man
ReplyDelete