Nigeria
The federal government of Nigeria has reached a 30 billion US dollar export-financing deal with investment partners, local media reports.
Among the partners are the African Export-Import Bank, Africa Finance Corp., the African Development Bank, the Bank of Industry and the Nigerian Sovereign Investment Authority.
Africa’s biggest oil producer is looking to increase the manufacturing industry’s share of gross domestic product to 20 percent, Bloomberg said.
The West African nation also hopes to generate $30 billion in annual export earnings and create 1.5 million jobs in the next six years.
Lagos-based ‘‘ThisDay’‘ newspaper quoted President Muhammadu Buhari as saying at a signing ceremony speech at the Council Chambers of State House in Abuja.
Bloomberg said spokesmen for the presidency and the Ministry, Trade, Industry and Investment could not be reached outside of business for comments.
An Afrexim bank official declined to immediately comment.
01:37
South Africa still battling FMD in cattle, mass vaccination campaign launched
01:06
South Africa's debt stabilises for first time in 17 years
01:10
Zimbabwe bans all raw mineral exports with immediate effect
00:48
Ivory Coast considers cocoa price cut after Ghana
Go to video
38 killed in gas blast at Nigeria lead mine
02:13
Nigeria: Matchmaking websites increasingly popular in Kano