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

President Bola Tinubu has told Chinese executives that Nigeria is a safe investment hub.

Ajuri Ngelale, Special Adviser to the President on Media and Publicity, disclosed this in a statement on Friday after a delegation led by the Chairman of the China Railway Construction Corporation, CRCC, Mr. Dai Hegen, paid him a visit in State House, Abuja.

President Tinubu assured the Chinese business executives that their investments in Nigeria are safe and that his government will further strengthen the business environment.

The president noted that his administration welcomes the opportunity to expand business collaboration with the company and upgrade critical infrastructure and facilities for the mutual benefit of both parties.

“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.

He urged the corporation to explore other avenues of cooperation, especially in solid minerals, adding: “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.

In his remarks, the China Railway Construction Corporation chairman highlighted some of the projects in the works and those completed by the corporation.

“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.

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