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BRI: NASENI, CHINESE COMPANIES SIGN MOUS, RECEIVES LETTERS OF INTENT FOR $BN INVESTMENTS  

The National Agency for Science and Engineering Infrastructure (NASENI) and new Chinese partners have signed three Memorandum of Understanding (MoUs) for new projects valued at $2 billion. This was disclosed at a ceremony attended by Vice President Kashim Shettima (GCON) on Thursday, October 19, 2023, on the sidelines of the third Belt and Road Initiative (BRI) Forum in Beijing, China. The three Chinese companies that signed MoUs to partner with NASENI and invest in Nigeria include Shanghai Launch Automotive Technical Co Ltd – an MOU to establish a new energy automobile facility for the production of new energy electric vehicles. ...