Nigeria and France on Tuesday in Abuja signed three agreements worth 475 million dollars on social amenities and reforestation.
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.
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 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.
From pm news