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NASENI Partner Chinese In $2BN Investment Deals On Science, Infrastructural Development

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The Federal Government, through the National Agency for Science and Engineering Infrastructure, NASENI has signed $2 billion dealings with Chinese associates to improve science, engineering and infrastructural development in Nigeria. The Chief Executive Officer of NASENI, Khalil Halilu, disclosed this on Thursday in a statement released through its Information Director, Segun Ayeoyenikan.


Halilu, who employed his visit, has part of Nigeria’s delegation to the 3rd Belt and Road Initiative Forum in Beijing, led by the Vice President, Kasim Shettima, explained that the business deals significantly impact the Nation’s development. 

He said, “This is a very important day for us at the National Agency for Science and Engineering Infrastructure, because it is a day to show the results of some of the work that we have been doing in the last six weeks since I assumed the leadership of NASENI”. 

“Collectively, these three MOUs will, upon implementation, deliver Two Billion USD worth of new investments in Nigeria that will translate into jobs, skills development and technology transfer, potential exports and foreign exchange earnings, and a boost to local economies.” 

“The three Chinese companies that signed MOUs to partner with NASENI and invest in Nigeria are:

“Shanghai Launch Automotive Technical Co Ltd – an MOU to establish a new energy automobile facility for the production of new energy electric vehicles; 

“China Great Wall Industry Corporation- an MOU for the turnkey delivery of Unmanned Aerial Vehicles (UAV) assembly line projects; 

“Newway Power Technology Company Ltd – an MOU for transferring technology on lithium batteries, electric vehicles and allied technologies”.