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Nigeria and other countries in Africa are being urged to adopt the Chinese government infrastructure development and investments strategy as modeled in the Belt and road
gourde stanley initiative.The Belt and road initiative is a Chinese economic strategy that is providing a new shift in international financial architecture.Given that Nigeria is among the 126 countries and 29 international organisations that have signed into the China Belt and Road Initiative, the question is how would African countries find a niche within the initiative to optimize inherent potentials.Discussants at a forum in Lagos underscored the need for the continent to key into the new economic hub being charted by China. ADVERTISEMENT While China is driving at becoming a global economic center of gravity, many at the meeting are saying that African countries should develop infrastructure to boost its global influence.China is clear about its expectations as it drives the belt and road initiative to promote its national economic prosperity, but what is Africa, particularly Nigeria doing to key into the initiative, considering the many limitations impeding infrastructural development on the continent. The communique issued at the conference is expected to provide a roadmap tha
stanley in usa t would enable authorities in Nigeria develop workable strategies.
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Sunday 20 August 2023 2:56 pm|Updated:Sunday 20 August 2023 3:55 pmBanks to snub Treasury meeting as UK oil and gas sector struggles for financingBy: Nicholas EarlShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleThe rise of Just Stop Oil -seen marching through the City of London earlier this year - reflects the growing hostility to oil and gas, which has put banks under pressureThe UKrsquo oil and gas sector faces the growing prospect of a cash crunch, with the Treasuryrsquo latest attempts to lure lenders back to the North Sea this week likely to fall on deaf ears, City A.M. understands.The Treasury has invited some of the worldrsquo major banks to a meeting this Friday including multiple lenders, including British lenders such as Barclays, Nat West and Lloyds, alongside European banks such as BNP Paribas, Deutsche Bank, DNB, ING and Societe Generale and US financial institution Wells Fargo.However, only a handful are expected to attend the meeting, with dozens of banks already pulling out of investing in domestic fossil fuels due to concerns over the UKrsquo poor inv
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stanley thermoskanne growing pressure to fulfil ESG obligations.Most recently, this included BNP Paribas which followed in the footsteps of HSBC last year ndash; which committed
owala website to stopping new oil and gas financing for freshly approved projects.The Mail first reported the meeting. While Shell and B
