Nigeria, France sign $475m agreements

By Admin on 04/07/2018

Share on facebook Yahoo mail icon Gmail icon

Views: 417


Nigeria and France on Tuesday signed three agreements worth 475 million dollars on social amenities and reforestation.

NAN reports that the agreements cover Urban Mobility Improvement Programme of Lagos State, sustainable water supply in Kano city and reforestation in Ogun.

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.

Governor Ibikunle Amosun, who spoke to State House correspondents on the signed agreement, said the project aimed to reforest 108,000 hectares of depleting forest in Ogun.

Amosun, therefore, hailed the signing of the agreement, describing it as very vital to not only addressing climate change challenges and recreating the forest, but also providing employment to the people of the state, among other benefits.

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 concessional loan is expected to help Kano State Government ensure more residents of the city have access to drinking water while improving the financial viability of the state water board to increase its revenues.

Addressing newsmen after the signing of the agreements, Buhari and Macron, who addressed a joint press conference at the forecourt of the presidential villa, expressed the readiness of their countries to continue to promote socio-economic interests for the general good of both countries.

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.

Macron said he was more concerned about how African governments organised themselves to effectively tackle the challenges posed by terrorists on the continent.

He said: “The main plan is an African plan and France is not the one to solve or fix African situations.

“So what we want to do is that we will intervene and maintain our presence in Africa and Sahel to fight against terrorism, especially in Mali and in the region.

“What is important to me is how the different African governments organise themselves to fight against terrorism and get rid of these people and especially, jihadism. That is why I do promote the G5/Sahel Initiatives.

“As far as we are organised, Nigeria, Niger, Chad and Cameroon is also very important, it is Boko Haram. I think first we have to increase the operations and the pressure against these jihadists.

“We can fix the situation in the coming months and obviously France will remain present in Africa for as long as they want it.’’

On his part, Buhari thanked French government for its support and assistance to Nigeria’s efforts in combating insurgency and violent extremism in the country and the Sahel region.

He said already Nigeria had cultivated the culture of friendship with all its neighbours with a view to ensuring security and political stability in the region.

 

 

 

 

Posted on July, 4 2018

Share on facebook Yahoo mail icon Gmail icon


You may also like...
FIFA gives her nod to positive steps taken...

Abia APC factions elect parallel executives

Buhari will continue to rest until He's fit...

Abia community sighs with relief as Ikpeazu intervenes...

Panel exonerates Nigeria Army over alleged killing of...

Facebook At 14: Mark Zuckerberg share lessons he...

Military claims it Has Subdued Boko Haram

FIRS gets N13 billion from defaulting taxpayers

Nigeria May Have Halted Ebola's Advance as Doctor...

2018 Budget: South East Senators Express Shock Over...

Tinubu Plays host to Heavyweight Champion, Evander Holyfield...

NAFDAC Bans Beans Importation to Nigeria
News Abia Election Special (3) Abia Supplementary Polls Update (18) Abia Supplementary Result update (22) Appointments (8) Breaking News (197) Business (43) Campus News (3) Crime (128) Economy (112) Education (129) Entertainment (148) Fashion and Style (3) General (846) Health (110) Inside Africa (41) International News (303) Interviews (28) National (1959) Politics (1003) Press Releases (118) Religion (9) Security (129) Sports (431) Technology (24) World News (87)

 

 

Advertisement

 

Latest News Unknown Gunmen abduct Edo traditional ruler APC rejects INEC’s decisions on Rivers, Bauchi Ikpeazu's re-election was free and fair - Opposition Guber candidate Anambra community protests govt agents’ intimidation Tribunal Orders INEC to Allow Buhari, APC Inspect Electoral Materials NLC Demands Full Autonomy for INEC JAMB Fixes 2019 Mock Examination for April 1 'My performance in 4 years will surpass Saraki's 8yrs' - Kwara Senator-elect Atiku, Makinde in closed-door meeting with Obasanjo IPAC congratulates Gov Ikpeazu

 

Most Read Islamic agenda for Nigeria – Pastor Bosun (24,634 views) 47 YEARS AFTER, HIS EXCELLENCY, COMMODORE EBITU UKIWE (Rtd) MAKES THE “OFO NDI IGBO” RECIPIENTS LIST (17,837 views) The show of shame that sealed Justice Uzokwe’s fate (17,677 views) Breaking News : Dr Okezie Ikpeazu resigns from Abia State Environmental Sanitation Agency (ASEPA). (8,005 views) Lawyers accuse Lagos Police of working for PDP (7,510 views) Radio Biafra delivers AM Transmitter (7,255 views) ‘Why fuel scarcity persists’ (6,388 views) Abiriba Kingdom Celebrates as Eze Kalu Kalu Ogbu (IV) marks 14th year on the throne (6,123 views) Cojoined Twins Abby And Brittany Hensel Pose in Bikini (5,981 views) Nurse Justina Obi Ejelonu, one of the nurses that contracted Ebola virus is dead!!! (5,904 views)