Edun Reveals Details Of Tinubu’s Agreements With Xi Jinping During China Trip

Edun Reveals Details Of Tinubu’s Agreements With Xi Jinping During China Trip

Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has revealed that President Bola Tinubu and Chinese President Xi Jinping secured several agreements during their recent meetings. These agreements span multiple areas, focusing particularly on infrastructure development, including roads, railways, and seaports.

Speaking to Channels Television from China, Edun highlighted the broad scope of the agreements, which encompass political, economic, and socio-cultural cooperation. Politically, both nations committed to collaborating on global platforms like the United Nations. Economically, they agreed on significant infrastructure projects, notably in transport and port facilities.

Edun emphasized the importance of foreign direct investment, citing the Lekki port project as an example of Chinese equity investment. He noted that while borrowing and lending often receive attention, such direct investments are crucial for development.