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Sunday, February 25, 2024

NASENI inks multi-billion dollar deals with Chinese firms, aiming at technological leap

The trio of MOUs encompasses ventures with substantial economic implications for Nigeria, demonstrating the transformative power of international collaboration

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In a landmark ceremony held on the sidelines of the 3rd Belt and Road Initiative Forum in Beijing, China, the National Agency for Science and Engineering Infrastructure (NASENI) entered into three significant Memorandums of Understanding (MOUs) with prominent Chinese companies, marking a pivotal moment for technological collaboration and innovation. The event, graced by Vice President Kashim Shettima, witnessed the signing of projects valued at a staggering two billion U.S. dollars, ushering in a new era of industrial and technological cooperation between Nigeria and China.

The trio of MOUs encompasses ventures with substantial economic implications for Nigeria, demonstrating the transformative power of international collaboration. The agreements, inked by Mr. Khalil Halilu, Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of NASENI, on behalf of the agency, emphasize the importance of strategic partnerships and shared innovation. The collaboration seeks to unlock investments in vital sectors such as energy, vehicle production, technology transfer, and industrial park development.

The first MOU involves Shanghai Launch Automotive Technical Co. Ltd, committing to the establishment of a new energy automobile facility for the production of cutting-edge electric vehicles. This venture not only aligns with global efforts towards sustainable transportation but also positions Nigeria as a player in the burgeoning electric vehicle market.

The second MOU, with China Great Wall Industry Corporation, signifies a groundbreaking step in the development of Unmanned Aerial Vehicles (UAVs). The turnkey delivery of UAV assembly line projects holds promises for advancements in drone technology, bolstering Nigeria’s capabilities in surveillance, reconnaissance, and other critical applications.

The third MOU, with Newway Power Technology Company Ltd, is centered on the transfer of technology related to lithium batteries, electric vehicles, and allied technologies. This agreement reflects the growing importance of clean energy solutions and positions Nigeria on the forefront of technological advancements in the electric vehicle ecosystem.

Mr. Khalil Halilu, in his address, celebrated the day as a culmination of the tireless efforts undertaken in the last six weeks since his leadership assumed the helm at NASENI. He emphasized the transformative potential of the MOUs, stating that the Two Billion USD worth of new investments would translate into job creation, skills development, technology transfer, and a boost to the local economy.

Highlighting NASENI’s commitment to collaboration, creation, and commercialization, Mr. Halilu spoke about the agency’s vision to forge partnerships that lead to the creation of innovative products and their subsequent commercial success. He stressed that NASENI’s principles are grounded in ensuring that innovations translate into usable products that drive industrialization and prosperity for Nigeria.

Expressing gratitude to President Bola Ahmed Tinubu, GCFR, the Chairman of the Governing Board of NASENI, and Vice President Kashim Shettima, GCON, for their unwavering support, Mr. Halilu pledged to transform the collaborative ventures into commercially viable products that contribute to Nigeria’s development.

In addition to the signed MOUs, ten Chinese firms submitted Letters of Intent indicating their keen interest in partnering with NASENI on projects valued at Four Billion U.S. Dollars. These encompassed a wide array of sectors, including energy (solar, natural gas, microgrids), vehicle production, training and technology transfer, drone technology, and the development of a new industrial park. The interest shown by these firms underscores the growing appeal of Nigeria as a strategic partner in technological and industrial advancement.

The event symbolizes not only a strategic leap in technological collaborations but also showcases the commitment of both Nigeria and China to fostering innovation, economic development, and sustainable industrial growth. As the agreements unfold, the anticipated impact on Nigeria’s technological landscape is expected to be substantial, setting the stage for a transformative era of progress and development.

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