President Bola Tinubu affirmed that Nigeria is a safe hub for investments and pledged his administration’s support to foster a thriving business environment.
During a meeting on Friday with a delegation led by Mr. Dai Hegen, chairman of the China Railway Construction Corporation (CRCC), at the State House in Abuja, Tinubu assured the Chinese executives of the safety of their investments in Nigeria and promised to enhance the business climate further.
Tinubu expressed eagerness to expand business collaboration with CRCC and improve critical infrastructure for mutual benefit.
“I have listened to you carefully. Your operation aligns with our objectives. We are reforming the economy and taking crucial actions to ensure accelerated growth. CRCC, along with its subsidiary CCECC, is a leading company and an excellent partner. I am pleased with your involvement in various projects in Nigeria, particularly rail construction.
“We will ensure the completion of the rail link between the Ibadan end of the Lagos-Ibadan railway and the Federal Capital Territory. Connecting the hinterland with our coastal seaports is essential.
“I take pride in the Lekki Free Trade Zone initiated during my tenure as Governor of Lagos State, which has become a thriving area. We will strengthen our partnership and relations,” Tinubu stated.
The President commended CRCC, especially its subsidiary CCECC, for delivering value on infrastructure projects in Nigeria. He encouraged the corporation to explore additional avenues of cooperation, particularly in solid minerals, emphasizing that solid mineral development is the next frontier for mutually beneficial growth.
CRCC Chairman Dai Hegen provided an update on the corporation’s projects, stating, “The Kano-Kaduna Railway is 39 percent complete and is set for completion in the second quarter of 2026. The Abuja-Kaduna Railway and Lagos-Ibadan Railway have transported approximately 9 million passengers since their completion. Freight services commenced along the Lagos-Ibadan axis in September 2023, moving 180,000 metric tonnes of cargo.”
Hegen added that the corporation has signed investment cooperation agreements with 119 companies, stimulating $3 billion in investments, creating 4,000 direct jobs for Nigerians, and contributing $125 million in taxes.
He extended an invitation from the Chinese government for President Tinubu to attend the Forum on China-Africa Cooperation (FOCAC) to deepen mutual cooperation.
“With your support, we plan to increase our investments in agriculture, power, solid minerals, natural gas, and renewable energy technologies to promote Nigeria’s economic development,” Hegen concluded.
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