The Federal Government has signed a $30m grant agreement with China to finance community-based development projects across Nigeria as part of efforts to reduce poverty, improve livelihoods and expand economic opportunities at the grassroots.
The agreement, valued at RMB200m, was signed on Thursday at the Federal Ministry of Budget and Economic Planning in Abuja, according to a statement issued by the ministry on Sunday.
The ministry stated, “Nigeria and China have signed a grant agreement worth RMB200m (approximately $30m) to support community-focused development projects under the Nigeria–China Development Cooperation, reinforcing the two countries’ longstanding strategic partnership.”
The grant will finance mutually agreed projects under China’s “small but beautiful” initiative, which prioritises relatively small-scale interventions designed to deliver direct benefits to local communities.
Speaking at the signing ceremony, the Minister of Budget and Economic Planning, Abubakar Bagudu, said the partnership would “support Nigeria’s development priorities through targeted investments, knowledge exchange and
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