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Chinese firm to partner Nigeria on housing, power
Published on 18-07-2016 - at 02:44' by Vanguard

China’s One Belt- One Road Initiative delegation to Nigeria has disclosed its readiness to partner with the Federal Government on low-cost housing, power generation and road construction.

This is sequel to President Muhammadu Buhari’s Memorandum of Understanding, MOU, with the government of the People’s Republic of China, detailing that the agreed joint venture was expected to strengthen both countries’ economies.

According to the delegation’s Chairman, Mr. Rujun Yuan, who commended the chairman, Blue Diamond Logistics, China, Mr. Uzoma Mbisiogu for facilitating the meetings in Abuja, the One belt-One Road Fund Management Limited would in conjunction with the Federal Government provide Nigerians with affordable housing, and would also throw its weight on ensuring sustainable power distribution among others in the country.

Rujun spoke during the group’s visit to the Federal Mortgage Bank, where it was noted that the Nigerian government was intending to build about 30 million houses in each state of the Federation, totaling 1.080.000 units of housing across the nation.

According to him, there were in the country, “to act on the MOU both governments agreed on. We want to move into action immediately and will focus more on housing, having noticed housing deficit of 17 million.

Nigeria will be shocked with the kind of structure the group will introduce in the country and we promise you quality, speed and low cost housing and in addition, we promise to have all building material production from Nigeria.”



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