Amidst criticisms of his frequent overseas trip, President Muhammadu Buhari on Friday expressed satisfaction that his just-concluded one week official trip to China had yielded over $6bn additional investments for Nigeria.
The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, disclosed this in a statement made available to journalists.
Shehu said the President believed that the 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.
He said, “In the power sector, North South Power Company Limited and Sinohydro Corporation Limited signed an agreement valued at $478,657,941.28 for the construction of 300 Mega Watts solar power in Shiroro, Niger State.
“In the solid minerals sector, Granite and Marble Nigeria Limited and Shanghai Shibang signed an agreement valued at $55m for the construction and equipping of granite mining plant in Nigeria.
“A total of $1bn 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 $250m deal to develop an ultra modern 27-storey high rise complex and a $2.5bn agreement for the development of the Lagos Metro Rail Transit Red Line project.”
According to the presidential spokesman, other agreements announced and signed during the visit included the establishment of a Hi-tech industrial park in Ogun-Guangdong Free Trade Zone in Igbesa, Ogun State.
He added that the Ogun-Guangdong Free Trade Zone and CNG (Nigeria) Investment Limited also signed an agreement valued at $200m for the construction of two 500MT/day float gas facilities.
“An agreement valued at $363m 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 $500m project for the provision of television broadcast equipment and a $25m facility for production of pre-paid smart meters between Mojec International Limited and Microstar Company Limited.
“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,” Shehu added. Click to signup for FREE news updates, latest information and hottest gists everyday
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So tell me what's Ayodele Fayoshe's rantings all about. I never read anywhere it was quoted that $2b loan was agreed. You can say all you like but #IstandwithBuhari
ReplyDeleteMaga
DeleteWho cares you you stand with...mtsheew
Delete@Damilola...Baba sycophant, Baba Buhari has dissociated himself from this una shadowy organization because you are already posing una selves on how to continue praise singing hoping that Baba will give una political leverage so that you people will continue to loot as usual.Afterall it was discovered that most of una had hands in previous administrations. So northing for una. Baba Buhari wants people who will tell him the truth and not those interested in their usual looting Olodo were! Olori buruku niye!
ReplyDeleteBlind APC supporter
ReplyDeleteTime will time where all this will lead us to. #Istandwithmysenses#
ReplyDelete