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In January 2017, the Nigerian government ordered Taiwan to move its unofficial embassy out of Abuja and into Lagos (Nigeria's economic center), stating that the African country was a defender of the One-China vision. [16] [17] This order came after Nigeria obtained a $40 billion investment pledge from China. [16]
The China-Africa Development Fund (Chinese: 中非发展基金), more commonly known as CAD Fund, is a China Government Guidance Fund solely funded by China Development Bank, a Chinese government policy bank. The aim of the fund is to stimulate investment in Africa by Chinese companies in power generation, transportation infrastructure, natural ...
The African Union headquarters in Addis Ababa was built and fully funded by the Chinese government. [139] Le Monde Afrique wrote that the Chinese government was alleged to have spied on the computer servers at the headquarters from 2012 to 2017. [139] [140] Chinese officials and African Union denied the accusation. [141]
China's main investment in Sri Lanka was the Magampura Mahinda Rajapaksa Port, mostly funded by the Chinese government and built by two Chinese companies. [18] It claims to be the largest port in Sri Lanka after the Port of Colombo and the "biggest port constructed on land to date in the country" and is often cited as an example of China's Debt ...
Dr.Jumoke Oduwole is the current Minister of Industry, Trade and Investment, appointed by Nigerian president Bola Tinubu in 2024, While Senator John Owan Enoh serves as the Minister of State for Industry, Federal Ministry of Industry, Trade and Investment. , [2] [3]
Charts the course of Scientific and Technological development of the nation: scienceandtech.gov.ng/ Industry, Trade and Investment: Regulates trade and investment: fmiti.gov.ng/ Transportation: To ensure fast, safe, efficient, affordable, convenient, integrated and inter-modal transport system: transportation.gov.ng: Water Resources
The Chinese government is thus ready for taking on large-scale investments and projects, and if approved, to lead them to completion. In pursuing economic progress in Africa, the Chinese diaspora and Chinese producers have been actively assisted by PRC embassies.
The Nigerian Investment Promotion Commission was established by the United Nations Conference on Trade and Development [6] through Chapter N117 of the Nigerian Investment Promotion Act of 1995, and later became a specialized agency of the Federal Government of Nigeria through Chapter N117 of the Nigerian Investment Promotion Act of 2004 [7] by the former President of Nigeria Olusegun Aremu ...