Help speed approval of $500m NTA loan, Lai Mohammed urges Chinese envoy

Information and Culture Minister Lai Mohammed on Thursday called on Chinese Ambassador to Nigeria Chun Jian Chun to help Nigeria expedite the appraisal and approval of a $500 million loan. dollars for the execution of three major projects in the broadcasting sector.

Mohammed reportedly said this during the Chinese Ambassador’s visit to his office in Abuja.

A statement signed by the Special Assistant to the President for Media, Office of the Minister of Information and Culture, Segun Adeyemi, added that Mohammed also called for the signing of the two memorandums of understanding between Nigeria and the China with the aim of boosting tourism between the two countries.

“It is worth mentioning, Your Excellency, the loan of 500 million dollars that we are requesting from the China Export-Import Bank for three major projects – the digitalization of the NTA, the construction of a complex of headquarters and a transmission network for integrated television services, a Federal Government-owned Signal Distributor which is a major part of the country’s digital switchover, and the construction of a state-of-the-art media city in Ikorodu.

“I would like to take this opportunity to request Your Excellency to continue to use your good offices to expedite the loan appraisal and approval process by China Export-Import Bank, and thank you for your efforts so far in Regarding.

“There are two MoUs between Nigeria and China on the facilitation of group travel by Chinese tourists to Nigeria and the facilitation of travel through Approved Destination Status. Although the two memorandums of understanding date from 2019, they have not been signed. It is important that our two countries work together to negotiate and sign these memorandums of understanding in order to promote tourism between them.

In his remarks, Ambassador Chui said China is redefining its bilateral relationship with Nigeria to focus on growth, development and progress.

He said the new strategy, titled “5 GIST”, will be a holistic, comprehensive and sustained approach to focus on political support, economic cooperation, security and military collaboration, international affairs coordination, infrastructure, ICT, industry, investment, import and export, among others.

The ambassador said the new emphasis will be on communication and interpersonal relationships as well as cultural exchanges.

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