NASENI Secures $2 Billion Investments from Chinese Companies


In a significant development, the National Agency for Science and Engineering Infrastructure (NASENI) has signed three Memorandum of Understandings (MoUs) with Chinese companies during a ceremony attended by Vice President Kashim Shettima (GCON) at the third Belt and Road Initiative (BRI) Forum in Beijing, China. These projects represent a combined investment value of $2 billion.


The MoUs involve collaboration with three prominent Chinese companies. Shanghai Launch Automotive Technical Co Ltd will work with NASENI on establishing a new energy automobile facility for producing new energy electric vehicles. China Great Wall Industry Corporation will participate in a turnkey delivery project for Unmanned Aerial Vehicles (UAV) assembly lines. Lastly, Newway Power Technology Company Ltd will engage in technology transfer related to lithium batteries, electric vehicles, and associated technologies.


Additionally, 10 Chinese firms expressed strong interest in partnering with NASENI to invest in various technology and industrial innovation projects valued at $4 billion. These projects encompass areas such as solar energy, natural gas, microgrids, vehicle production, training and technology transfer, drone technology, and the development of a new industrial park.

Read Also: NASENI Chief Emphasizes Nigeria’s Need to Embrace Tech Talent

Khalil Halilu, the executive vice chairman and chief executive officer (EVC/CEO) of NASENI, who signed the agreements on behalf of the agency, emphasized the significance of these agreements. He noted that they will result in $2 billion worth of new investments in Nigeria, fostering job creation, skills development, technology transfer, potential exports, and economic growth.

Read Also: Nigeria Signs MoU with Egypt’s Central Bank to Share Expertise in Fintech, E-payment System

Halilu stressed NASENI’s commitment to transforming these initiatives into commercially viable products that will drive industrialization and prosperity in Nigeria. He expressed gratitude to President Bola Ahmed Tinubu, Chairman of the Governing Board of NASENI, and Vice President Kashim Shettima for their unwavering support.


Numerous Chinese companies, including TBEA, DongFeng Vehicles Co., HiLong Energy, China State Construction Company, CIMC, Value Platform International Services Ltd, Acadia Technologies (Shenzhen) Co. Ltd., Space Star Technology, ENRIC, and Hidier Group, also submitted Letters of Intent, reflecting their interest in furthering partnerships in various fields.

Read Also: Telecom Companies Announce Increase In Data Rates

SOURCE: TechEconomyNG


Below is how we can help you promote your event, organization and products/services . This is the best you can get from this global platform of over decades experience.


First Leg: Full page Promotional package showcasing your Invitation Card, Banner/Flex, 3 different Photographs and brief of the coming event. Also your picture/Name will be the headline News in digivation blog(Pre-Event)

Second Leg: Full Page Promotional package of the event showcasing 5 different photographs plus short audio/visual clip of the event. Also org. picture/Name will be the headline news our blog(Post-Event).

Rate: N150,000 Only For Both Pre and Post Events. (Rate is only Applicable during the Promotional Period)

For further inquiries, contact the undersigned:

Hilary Damissah (Editor)

Mojisola Alabi ( business Development)


Chief Imo Ukwa(Advert Consultant) 08063779938

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Outsized Raises Series A Funding to Revolutionize Freelance Work in Developing Markets

Fri Oct 20 , 2023
  Outsized, an independent talent marketplace for firms, has announced the successful completion of its Series A fundraising round. This round was spearheaded by the reputable South African venture capital firm Knife Capital, with additional contributions from several individual investors, including Adrian Durham, the founder of the renowned wealth management […]

You May Like