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“China-Africa relations have today reached a stage of growth, unmatched in history. We should scale the heights, look afar and take bold steps”- President Xi Jinping (2015). By Charles Onunaiju More than two years, since Chinese leader, President Xi Jinping summarized the phenomenal level, China-Africa have then attained, and urged for the relations to aspire to new and higher “heights”, Nigeria and China took “bold steps”, last week to nudge the bilateral relation between them to new heights, thereby scoring major success in extending the frontier of Sino-Africa Cooperation. As a work in progress, the China-Africa Cooperation by the range of issues it has covered and the intensity of its engagement, is considerably phenomenal but still at a primary stage of its development, with profound potentials and prospects in the distant future, if both sides continue to “take bold steps and look afar”. Last week in Abuja, between August 10th and 11th,...
By CHIKA IZUORA, Lagos A landmark investment partnership has been sealed between Eko Petrochem and refining company, an indigenous petrochemical and refining company and the US Trade and Development Agency, USTDA, to fast track a feasibility study, supporting technologies and development of an Implementation plan for a modular refinery located on Tomaro island, Lagos. The partnership involves a seed fund of about one million US dollars grant to the company by USTDA after the selection of Texas based VFuels to carry out the study which will provide technical analysis and engineering and design needed to advance the 20,000 barrels a day modular refinery. The refinery is expected to promote Infrastructure development by increasing Nigeria’s local refining capacity. Speaking during the signing of a Memorandum of Understanding (MoU), acting director of USTDA, Thomas Hardy said, “We are proud to support this new project, which will lead to infrastructure development and economic growth in Nigeria....