Buhari off to China with wife, daughter

Buhari off to China with wife, daughter

The forum, which is in its third edition, is a platform established by China and friendly African countries for collective consultation and dialogue.

The Forum on China-Africa Cooperation is one of the most efficient instruments strengthening cooperation between China and Africa in various sectors.

The release indicates that the opening ceremony of the Summit will be held later in the afternoon at the Great Hall of the People.

Ramaphosa said the relationship between South Africa and China has been set up on the basis of equality, mutual respect and benefit, adding that it is unfading and strategic. This includes $5bn for grants and zero-interest loans; $35bn for concessional loans and export credit; and $5bn for technical and industrial project funding.

Jiang said China-Africa cooperation on industrialization, trade, and infrastructure will be the major topic during the meeting. And, the China-Africa Fund for Production Capacity Cooperation will be provided with an initial contribution of $10bn.

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Over the past 18 years, achievements have been made in political, economic and people-to-people exchanges between China and Africa.

NAIJ.com learnt that Buhari and his Chinese host will also witness the signing of the memorandum of understanding on One Belt One Road Initiative (OBOR). A large number of Africa's priority Focac projects have either been completed or are under way. It has also helped in the financing and construction of the Standard Gauge Railway with the first phase from Mombasa to Nairobi already operational.

Also, Minister of Industry, Trade and Investment Okechukwu Enelamah, Minister of Budget and National Planning Udoma Udo Udoma, Minister of Water Resource Suleiman Adamu, Minister of State, Petroleum Resources Ibe Kachikwu and Minister of State, Aviation Hadi Sirika, are in China for the summit. "China now has way more options in terms of where to invest because of the links created through the belt and road, so African governments have to fight a little harder for Chinese investments". Since 2009, China has become Africa's leading trading partner. Africa is committed to utilising this partnership to the fullest in terms of market access and business opportunities. We need to ensure that FOCAC also serves to support our continental and regional initiatives, programmes and projects.

President Buhari will tomorrow meet Nigerians living in China before the kick-off of FOCAC on Monday when he will join President Jinping and other African leaders for roundtable sessions which will essentially discuss the report of FOCAC since the 2015 Johannesburg Summit, including the implementation of the "ten cooperation plans" adopted at the last meeting.

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