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    MarketForces Africa » Uncategorized » China, Nigeria to Partner on Renewable Energy, Smart City

    China, Nigeria to Partner on Renewable Energy, Smart City

    Julius AlagbeBy Julius AlagbeNovember 29, 2024Updated:November 29, 2024 Uncategorized No Comments2 Mins Read
    China, Nigeria to Partner on Renewable Energy, Smart City
    Mr Fang Qiuchen, Chairman of China international Contractors Association (CHINCA).
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    China, Nigeria to Partner on Renewable Energy, Smart City

    Mr Fang Qiuchen, Chairman of China lnternational Contractors Association (CHINCA) has revealed plans for China and Nigeria to collaborate on new energy projects, digital smart cities, and infrastructure development.

    Fang made the announcement in Abuja at a sideline interview with newsmen during the opening of China-Africa Economic and Trade Expo (CAETE) Exhibition in Africa (Nigeria).

    He said that the longstanding relationship between China and Nigeria, dating back to 1991 would be leveraged to share China’s advanced technology in various sectors, particularly infrastructure.

    According to fang, the partnership would address Nigeria’s energy challenges and promoting sustainable urban development.

    “The collaboration will leverage China’s advanced technologies and Nigeria’s vast resources to create a sustainable energy framework that will benefit both nations,” he said.

    Fang stated that the projects would enhance energy access in Nigeria and contribute to the country’s economic growth.

    “Both China and Nigeria are exploring the use of advanced technologies, such as big data; cloud computing, and Al, to enhance the intelligence and automation of infrastructure. “ he said

    Fang added that the partnership would facilitate investments in solar, wind, and hydroelectric energy, aligning with global trends towards cleaner energy sources.

    Also, the development of smart cities would integrate digital technologies to improve urban management and enhance the quality of life residents.

    Mr Xia Hao, Deputy Dean of the school of Economics and Trade at Hunan University, Changsha, said Nigeria’s large population and strong economic cooperation with china could accelerate its development in sectors like renewable energy and infrastructure.

    Dignitaries going through various exhibition stalls. Mr Joseph Tegbe, Director-General and Global Liaison for the Nigeria-China Strategic Partnership, said the partnership aligned with China’s Belt and Road Initiative (BRI) that seeks to position Nigeria as a critical hub in West Africa.

    Tegbe said the partnership would drive socio-economic growth by leveraging China’s advanced technology and expertise in infrastructure and capacity for investment.

    The exhibitors includes over 100 companies namely China Communication Construction (CCCC), Power China, China Energy, China Civil Engineering (CCECC), China Harbour Engineering, China Road & Bridge, CGCOC Group, Guangxi LiuGong Machinery and Zoomlion among others.#China, Nigeria to Partner on Renewable Energy, Smart City#

    Yuan Strengthens 7.1877 Against Dollar

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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