Abdulwahab Isa 
The Federal Government and China have signed a $3.3 billion Brass Industrial Park and Methanol Complex agreement, which is set to boost Nigeria’s economic growth and job creation.
In a statement issued by the Director of Information in the Federal Ministry of Finance, Mohammed Manga, at the just concluded China-Nigeria Economic Cooperation and Trade Conference, (FOCAC), he quoted Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun, as restating President Bola Tinubu’s dedication to fostering a business-friendly environment that attracts increased investment, particularly in key sectors such as infrastructure, energy, and industry.
In a landmark event chaired by Edun, he said economic cooperation between China and Nigeria heralded a new era of economic cooperation.
The Minister underscored the significance of South-South cooperation, highlighting its pivotal role in Nigeria’s sustainable development goals. As chair of the event, he also guided discussions that focused on critical areas of collaboration between the two nations.
“One of the conference’s standout outcomes was the signing of a $3.3 billion agreement to develop the Brass Industrial Park and Methanol Complex, a transformative project expected to significantly boost Nigeria’s industrial output and generate vital employment opportunities”.
“Infrastructure development—a cornerstone of the China-Nigeria partnership—was a major focus of the discussions. Both nations reiterated their commitment to joint infrastructure projects, including roads, bridges, and energy systems, aimed at accelerating industrialization and driving long-term economic growth in Nigeria”.
“Financial and security cooperation also took centre stage, with both countries agreeing to enhance intelligence sharing to combat money laundering and financial crimes. This marked a critical step toward ensuring a secure and transparent financial environment, laying the groundwork for continued economic collaboration.
As chair of the event, the Honourable Minister also highlighted President Tinubu’s bold economic reforms, designed to steer the country toward a sustainable growth path. He stressed the importance of leveraging both domestic resources and international partnerships, such as those with China, to ensure that these collaborations deliver tangible benefits to the Nigerian people”, a statement issued by the ministry said.
