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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 Infrastructure Concession Regulatory Commission (Establishment, etc.) Act 2005, [1] which is the principal legislation governing PPPs in Nigeria, sets out the framework for PPPs as follows: The Act confers on MDAs the authority to enter into a PPP contract with or grant concession to any private sector entity for the financing, construction ...
The Nigeria Sovereign Investment Authority is a Nigerian establishment which manages the Nigeria sovereign wealth fund, [4] into which the surplus income produced from Nigeria's excess oil reserves is deposited. This sovereign wealth fund was founded for the purpose of managing and investing these funds on behalf of the government of Nigeria ...
The investment mechanism of the China-Africa Development Fund operates primarily through the following processes: adhering to the principle of marketization, the Fund independently selects investment projects based on the investment policy set by the board of directors; It autonomously decides whether to invest and determines the scale of investment in line with the relevant investment ...
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 ...
Nigeria Investment Promotion Commission (NIPC) Nigerian Export - Import Bank (NEXIM Bank) Nigerian Export Promotion Council (NEPC) Oil and Gas Free Zones Authority (OGFZA) Nigeria Export Processing Zones Authority (NEPZA) Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Securities and Exchange Commission (SEC)
A Nigerian court on Tuesday sentenced a Chinese national to death after finding him guilty of killing his girlfriend, a government official told The Associated Press, vowing to recommend execution ...
The expansion of Chinese companies and their investments in Africa has raised issues of Chinese racism against the local population. [ 162 ] [ 163 ] [ 164 ] For example, after a video shot by a Kenyan worker whose Chinese boss referred to Kenyans as "monkeys" went viral in 2018, more examples of discrimination by Chinese nationals in the ...