Nigeria has entered a $1.2 billion agreement with China’s state-owned China National Chemical Engineering Corporation (CNCEC) to rejuvenate a key gas processing facility, a move that could propel the African nation into a prominent position in the global aluminium market, Africanews reports.
The deal, involving CNCEC and Nigeria’s BFI Group—an influential investor in the Aluminum Smelter Company of Nigeria—will breathe new life into a 135 million standard cubic feet gas processing plant at the smelter. Minister of State for Gas, Ekperikpe Ekpo, shared the news on social platform X, describing the investment as a vital step in restoring the smelter’s potential. Ekpo expressed confidence that this partnership will set Nigeria on a path toward becoming a “leading aluminium producer for both domestic and international markets.”
Nigeria’s economic cooperation with China deepened in 2016, following a visit by then-President Muhammadu Buhari to Chinese President Xi Jinping, resulting in several bilateral agreements. Since then, Chinese companies have been heavily involved in infrastructure development across Nigeria, Africa’s most populous nation.
Despite Nigeria’s position as one of Africa’s largest oil producers, it contends with high poverty and hunger rates. President Bola Tinubu, in office since last year, has initiated reforms to curb government spending and attract foreign investment. However, these measures come amid significant economic challenges, including a 28-year-high inflation rate and a record low for Nigeria’s currency, the naira, against the dollar.
The economic reforms have sparked protests in recent months. In August, demonstrations against the rising cost of living resulted in the deaths of at least 20 protesters and the arrest of hundreds. Nevertheless, the Nigerian government remains hopeful that projects like the CNCEC investment will foster economic stability and growth in the long term.
I’m really impressed by the speed and responsiveness.
This site truly stands out as a great example of quality web design and performance.
The content is engaging and well-structured, keeping visitors interested.
The content is well-organized and highly informative.
I love how user-friendly and intuitive everything feels.
I’m really impressed by the speed and responsiveness.
A big thank you for your blog post.Really looking forward to read more. Want more.
The design and usability are top-notch, making everything flow smoothly.
The content is engaging and well-structured, keeping visitors interested.
This site truly stands out as a great example of quality web design and performance.
The content is well-organized and highly informative.
I’m really impressed by the speed and responsiveness.
It provides an excellent user experience from start to finish.
The design and usability are top-notch, making everything flow smoothly.
I love how user-friendly and intuitive everything feels.
It provides an excellent user experience from start to finish.
ICE WATER HACK FOR WEIGHT LOSS
Heya, normally are not you too great? Your writing widens my understanding. Say thanks to you.
I’d need to verify with you here. Which is not one thing I normally do! I enjoy studying a submit that can make individuals think. Also, thanks for allowing me to comment!
This website is amazing, with a clean design and easy navigation.
I really enjoy the blog post.Much thanks again. Awesome.
The content is engaging and well-structured, keeping visitors interested.
The content is engaging and well-structured, keeping visitors interested.
Great, thanks for sharing this blog.Much thanks again. Great.
I really like and appreciate your article post.Really looking forward to read more. Fantastic.
The content is engaging and well-structured, keeping visitors interested.
Looking forward to reading more. Great blog article.Really looking forward to read more. Awesome.
Im obliged for the article.Really looking forward to read more. Cool.
The content is engaging and well-structured, keeping visitors interested.
Hello! Do you know if they make any plugins to assist withSEO? I’m trying to get my blog to rank for some targeted keywords but I’mnot seeing very good results. If you know of any please share.Cheers!
Great blog.Really looking forward to read more. Awesome.
The layout is visually appealing and very functional.
That is a really good tip particularly to those new to the blogosphere. Brief but very accurate information Many thanks for sharing this one. A must read post!
It’s going to be finish of mine day, however before ending I am reading this great piece of writingto improve my experience.
Your post is really comprehensive. I took pleasure in reviewing all of it. You have a way with words that makes it easy to check out. Thank you for that as well as I’m sure that concur. It was extremely informative from start to finish.
I value the article post.Much thanks again. Fantastic.
خرید فالوور ارزان خرید فالور ارزان خرید فالوور ارزان خرید فالوور ارزان خرید فالوور ارزان خرید فالوور ارزان
Hello, its fastidious paragraph concerning media print, we all be aware of media is a wonderful source of data.
Major thanks for the blog.Really thank you!
The design and usability are top-notch, making everything flow smoothly.
generic levothyroxine pill – synthroid 37.5 mcg synthroid 150 mcg tablet
Thanks-a-mundo for the article post.Really thank you! Fantastic.
Looking forward to reading more. Great blog article. Great.
The content is engaging and well-structured, keeping visitors interested.
I love how user-friendly and intuitive everything feels.
wow, awesome blog article.Thanks Again.
The layout is visually appealing and very functional.
Hello There. I found your blog using msn. This is a reallywell written article. I will make sure to bookmark it and come backto read more of your useful information. Thanks for the post.I’ll certainly return.
The content is well-organized and highly informative.
Generally I do not learn article on blogs, but I would like to say that this write-up very compelled me to check out and do it! Your writing taste has been amazed me. Thank you, quite nice post.