x

Your investment safe in Nigeria, Tinubu tells visiting Chinese investors

By Chris Nwandu

President Bola Tinubu says Nigeria is a safe hub for investments and that his administration will always provide the needed support to ensure that businesses thrive in the country.

Speaking when he received a delegation led by the Chairman of the China Railway Construction Corporation (CRCC), Mr. Dai Hegen, at the State House on Friday, 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 stated that his administration welcomes the opportunity to expand business collaboration with the company, as well as 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 Nigeria in so many areas, particularly in 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 give you the assurance that we will do well to strengthen our partnership and relations,” President Tinubu said.

The President commended the corporation, particularly its subsidiary, China Civil Engineering Construction Corporation (CCECC), headquartered in Beijing, for its efforts in delivering value on infrastructural projects in the country.

President Tinubu encouraged the corporation to also 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 minerals 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 Chairman of the China Railway Construction Corporation 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 percent completed and is 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 Lagos-Ibadan axis since September 2023, and a total 180,000 tons of cargo have been transported,” he said.

Mr. Hegen also said the corporation has signed investment cooperation agreements with 119 companies, stimulating investments of $3 billion, and creating 4,000 direct jobs for Nigerians, as well as paying $125 million in taxes.

He extended the invitation of the Chinese government to President Tinubu to attend the Forum on China-Africa Cooperation (FOCAC) to further deepen cooperation along mutual areas of interest.

“With the support of Your Excellency, we plan to increase our investments in key areas, such as agriculture, power, solid minerals, natural gas, and renewable energy technologies to promote the economic development of the country,” the CRCC Chairman added.

Hot this week

Awakan Now NTDA DG, Pledges Tourism of Renewed Hope Agenda

By Joyce Remi-BabayejuThe new Director-General of the...

NYSC members in Delta commended for resilience, commitment, duty

By Anne AzukaMembers of the National Youths Service...

10 Dead, Eleven Injured in Kogi Highway Crash — FRSC

By Noah Ocheni, LokojaNo fewer than ten people...

Football matches for today

Here are today’s football match fixtures:🌍 International MatchesUEFA...

Gov Mutfwang’s Re-Election, Most Noble Ambition for Plateau – Commissioner

By Israel Adamu, JosThe Commissioner for Local Government and...

WHO Appoints Dr.Pavel Ursu As Nigeria’s Country Rep

By Joyce Remi-BabayejuThe World Health Organization , WHO,...

Council Meeting: Wike Slams Blackmailers, Says, I Remain Focused to Achieve Results

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nysome Wike,...

Super Eagles Draw Gabon in 2026 World Cup Play-off Semi-final

Nigeria will face Gabon in the semi-finals of the...

Dogara Hails Tinubu’s Agenda, Urges Youth Action**

Former Speaker of the House of Representatives, Rt. Hon....

Kogi Govt Partners L-PRES to Boost Livestock Productivity

By Noah Ocheni, LokojaThe Kogi State Government, in collaboration...

Oborevwori Commends NYSC Members in Delta for Resilience and Dedication

By Anne Azuka, Issele-UkuGovernor Sheriff Oborevwori of Delta State...

FUL VC Applauds Prof. Olu Obafemi for Using Literature as a Tool for Social Reform

By Noah Ocheni, LokojaThe Vice Chancellor of the Federal...

Related Articles

Popular Categories

spot_imgspot_img