Nigeria will sign an agreement on the National Information and Communication Technology Infrastructure Backbone Phase II (NICTIB II) with China.
Senior Special Assistant to the President on Media and Publicity, Mr Garba Shehu, disclosed this in a statement on Saturday, shortly after President Muhammadu Buhari arrived in Beijing, the Chinese capital.
Mr Shehu said during the six-day official visit, President Buhari will join his Chinese counterpart, Xi Jinping, to witness the signing of the agreement between Galaxy Backbone Limited and Huawei Technologies Limited (HUAWEI) at the cost of $328m facilities provided by the Chinese EXIM Bank.
He explained that the bank facility is for the development of NICTIB II project which is consistent with the Buhari administration’s commitment to incorporating the development of ICT into national strategic planning under the National Economic Recovery and Growth Plan (ERGP).
President Buhari who is in China to attend the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) is also expected to witness the signing of the MOU on One Belt One Road Initiative (OBOR), alongside Mr Jinping.