The Federal Ministry of Transportation has signed a Memorandum of Understanding (MoU) with Japan for cooperation in promoting quality Infrastructure investment and continuing cooperative relationship between Nigeria and Japan.
Minister of transportation, Chibuike Rotimi Amaechi , signed the MoU with Japan’s state minister of land, infrastructure, transport and tourism, Tsukasa Akimoto, at the Federal Ministry of Transportation, Abuja, yesterday.
The Japanese minister, who was accompanied by Japan’s ambassador to Nigeria, Yutaka Kikuta, expressed excitement on the partnership between Japan and Nigeria in developing infrastructure.
Akimoto said, “As the state minister in charge of infrastructure in Japan, I have been impressed that there is still a great deal scope for Japan to co-operate in building the infrastructure in your country.
“As you all are aware your Excellency, Japan is putting in a great deal of emphasis on providing high quality infrastructure and in that respect we are known in comparison to other countries such as China, Korea and European countries. If you look at the country cycle of infrastructure developed by the Japanese, ours is the most cost effective.
“You are aware that in the past there has been much discussion of Japan’s cooperation with Nigeria in providing the other railway and development plan in Lagos Island and we hope there will be more opportunities in the future for Japan to provide technical expertise and capacity building also to providing high quality infrastructure here in Nigeria.”
On his part, minister of transportation, Chibuike Amaechi, said Japan’s interest to partner Nigeria in infrastructural development was a welcome idea.
According to him, “You have Identified the infrastructure deficit that is huge. We are a developing country, so there will be huge infrastructure deficit, and it offers Japan and Japanese investors opportunity to come in.
“Currently we have American investors and the Chinese investors that are coming into the economy. For us in Nigeria, we will be glad to see such investors.”