MACRON VISIT: Why Nigerians In Lagos, Ogun & Kano Should Smile
So, French President Emmanuel Macron has paid a 2-day visit to Nigeria and the two countries have used the opportunity to boost bilateral relations.
The two nations on Tuesday in Abuja signed three agreements worth $475million, (which translates to 171 billion naira) on social amenities and reforestation.
The agreements cover Urban Mobility Improvement Programme of Lagos State, sustainable water supply in Kano city and reforestation in Ogun.
Presidents Buhari and the visiting 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, NSIA 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 concessional loan is expected to help Kano State Government ensure more residents of the city have access to drinking water while improving the financial viability of the state water board to increase its revenues.
Can you smell the contracts and jobs to be created?
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