Investment in Nigeria: Details of meeting between Tinubu, Chinese executives emerge

Nigeria is a safe haven for investments, President Bola Tinubu has informed Chinese executives.

This was revealed in a statement released on Friday by Ajuri Ngelale, the President’s Special Advisor on Media and Publicity, following a visit to State House, Abuja, by a group headed by Mr. Dai Hegen, Chairman of the China Railway Construction Corporation (CRCC).

Chinese business executives received assurances from President Tinubu that their investments in Nigeria are secure and that his administration will further improve the economic climate.

The president stated that, to the mutual advantage of both sides, his administration is excited about the chance to further commercial cooperation with the enterprise and modernise vital facilities and infrastructure.

“I have listened to you carefully. Your operation is consistent with our objectives. We are reforming the economy and taking crucial actions to ensure accelerated growth. The CRCC, with its subsidiary, CCECC, is a leading company and one of the best partners to work with. I am happy that you are partnering with Nigeria in many areas, particularly rail construction.

“We will do everything required to ensure that the rail link between the Ibadan end of the Lagos-Ibadan railway and the Federal Capital Territory is completed. We must connect the hinterland with our coastal seaports.

“I am proud of what I started as Governor of Lagos State with the Lekki Free Trade Zone. It is now a flourishing environment. It is important to assure you that we will do well to strengthen our partnership and relations,” President Tinubu said.

In particular, he asked the company to look into further areas of collaboration in solid minerals, saying: The door is open for partnership, and partnership that will add value to both sides. Solid mineral development is the next frontier for mutually beneficial growth and collaboration.

“We need each other. The sustainable path to success is a two-way street. We assure you that your investment is safe in our country. Once you succeed here, I know your reputation in other countries will be further strengthened,” the President said.

The chairman of China Railway Construction Corporation emphasised in his speech a few of the company’s ongoing and finished projects.

“In the railway construction sector, the Kano-Kaduna Railway is 39 per cent completed and on course for completion in the second quarter of 2026. The Abuja-Kaduna Railway and Lagos-Ibadan Railway have carried approximately 9 million passengers since they were completed and commissioned. Freight services have officially commenced along the Lagos-Ibadan axis since September 2023, and a total of 180,000 tons of cargo has been transported,” he said.

Please don’t forget to “Allow the notification” so you will be the first to get our gist when we publish it. 
Drop your comment in the section below, and don’t forget to share the post.