President
Muhammadu Buhari has expressed satisfaction with the outcome of his working
visit to China, which has yielded additional investments in Nigeria exceeding
six billion dollars.
President
Buhari believes that the several agreements concluded with the Chinese during
the visit would have a huge and positive impact on key sectors of the Nigerian
economy including power, solid minerals, agriculture, housing and rail transportation.
The Senior
Special Assistant to the President on Media and Publicity, Mr Garba Shehu
disclosed the President’s views in a statement on Friday.
“In the
power sector, North South Power Company Limited and Sinohydro Corporation
Limited signed an agreement valued at 478,657,941.28 dollars for the
construction of 300 Mega Watts solar power in Shiriro, Niger State.
“In the
solid minerals sector, Granite and Marble Nigeria Limited and Shanghai Shibang
signed an agreement valued at 55 million dollars for the construction and
equipping of granite mining plant in Nigeria.
“A total of
one billion dollars is to be invested in the development of a greenfield
expressway for Abuja-Ibadan-Lagos under an agreement reached by the Infrastructure
Bank and Sinohydro Corporation Limited.
“For the
housing sector, both companies also sealed a 250 million dollars deal to
develop an ultramodern 27-storey high rise complex and a 2.5 billion dollars
agreement for the development of the Lagos Metro Rail Transit Red Line
project,” the statement read.
Other
agreements announced and signed during the visit include one billion dollars
for the establishment of a Hi-tech industrial park in Ogun-Guangdong Free Trade
Zone in Igbesa, Ogun State.
The Ogun-Guangdong
Free Trade Zone and CNG (Nigeria) Investment Limited also signed an agreement
valued at 200 million dollars for the construction of two 500MT/day float gas
facilities.
“An
agreement valued at 363 million dollars for the establishment of a comprehensive
farm and downstream industrial park in Kogi State was also announced at the
Nigeria-China business forum.
“Other
agreements undergoing negotiations include a 500 million dollars project for
the provision of television broadcast equipment and a 25 million dollars
facility for production of pre-paid smart meters between Mojec International
Limited and Microstar Company Limited,” the statement read.
About 100
Nigerian businesses and 300 Chinese firms participated in the Nigeria-China
business forum, which took place a day after President Buhari began his visit
to China.
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