FG signs $3.5b deal with Afrexim to promote textile, CNG vehicles

The Federal Government has announced a $3.5 billion agreement with the African Export–Import Bank to enhance the textile industry and promote the use of compressed natural gas vehicles among other initiatives.

The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, disclosed in a statement on X recently. Uzoka-Anite said the deal was signed with the international financial institution during 31st Afreximbank Annual Meeting in Nassau, The Bahamas. She stated that the agreement will help realize President Bola Ahmed Tinubu’s vision for a diversified and prosperous Nigerian economy.Speaking further, Uzoka-Anite highlighted that the collaboration with Afreximbank is poised to transform Nigeria’s industrial landscape, create jobs, and drive sustainable economic growth.

Managing Director, Federal Airports Authority of Nigeria , Bunmi Kuku ; Chairman, Africa Global Logistics Oil & Gas Nigeria, Kenneth Dan-Anyiam; Country Managing Director of AGL Nigeria, Etienne Rocher; Lagos State Commissioner for Commerce, Cooperative, Trade and Investment, Folasade Ambrose who represented Governor Babajide Sanwo-Olu; Chief Executive Officer, Maritime Services and Chief Investment Officer, Africa Global Logistics , Stanislas de Saint Louvent and Chief Executive Officer,...

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