NASENI attracts $2b investments

  • Set to repair 55,000 tractors

The Executive Vice Chairman and Chief Executive Officer, National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Halilu yesterday said the agency has attracted about $2billion investments.

He also said the agency is expecting a $150million investment for a battery factory from the United Arab Emirates (UAE).

He said NASENI has floated a National Tractor and Vehicle Recovery Programme which will lead to the repair of 55,000 broken down tractors in the country.

Read Also: Building  new NASENI: The journey so far, and what lies ahead

Halilu, who made the disclosures at a session facilitated by the Presidential Media Team, said the agency’s initiatives can generate three million jobs by 2030. 

He said: “NASENI achieved a significant milestone by signing MoUs (memorandum of understandings) with three Chinese organizations, a move worth billions of dollars in investments and projects. We have attracted $2billion investment in Belt and Road conference

“This initiative, undertaken during the Belt and Road Initiative  (BRI) in Beijing, demonstrates NASENI’s  commitment to fostering substantial  advancements and collaborations in various sectors.”

To boost food production in the country, Halilu said: “We have in place a National Tractor and Vehicle Recovery Programme which will lead to the repair and rehabilitation of 55,000 broken down tractors in the country.”

Halilu said NASENI is ready to provide relevant technology for the nation’s rapid economic growth.

He said it is possible for the country to generate over 3 million jobs by 2030 through focused technology.

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