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Nigeria, China sign $3.3b deal for industrial park development

Wale Edun

Nigeria has signed a $3.3 billion agreement with China to develop the Brass Industrial Park and Methanol Complex.

This was disclosed by the Ministry of Finance in a statement singed by the Director, Information and Public Relations, Mohammed Manga, on Friday.

According to the statement, the agreement was signed during the 2024 Forum on China-Africa Cooperation (FOCAC) and the inaugural China-Nigeria Economic Cooperation and Trade Conference.

The park was described as a transformative project expected to significantly boost Nigeria’s industrial output and generate vital employment opportunities.

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