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President Bola Tinubu has assured Chinese business executives of Nigeria’s safe investment environment and support for thriving businesses.
Tinubu said this during a meeting with the Chairman of China Railway Construction Corporation (CRCC), Dai Hegen, at the State House on Friday.Ā
Tinubu welcomed the expansion of business collaboration and the upgrading of critical infrastructure, emphasising the government’s commitment to connecting the hinterland with coastal seaports.
Tinubu highlighted the flourishing Lekki Free Trade Zone as a testament to successful partnerships and expressed pride in ongoing collaborations, particularly in rail construction.Ā
He also encouraged CRCC to explore opportunities in solid minerals for mutual growth.
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“The sustainable path to success is a two-way street. Your investment is safe here, and once you succeed, your reputation will be further strengthened,” Tinubu said.Ā
He commended CRCC and its subsidiary, China Civil Engineering Construction Corporation (CCECC), for their contributions to Nigeria’s infrastructure.
Mr Hegen outlined the corporation’s projects, noting that the Kano-Kaduna Railway is 39 percent complete, with a target completion in mid-2026.Ā
He said that the Abuja-Kaduna and Lagos-Ibadan Railways have served about 9 million passengers, and freight services have commenced on the Lagos-Ibadan axis, moving 180,000 tons of cargo since September 2023.
He also mentioned CRCC’s investment cooperation agreements with 119 companies, generating $3 billion in investments, 4,000 jobs, and $125 million in taxes.Ā
Mr Hegen invited President Tinubu to the Forum on China-Africa Cooperation (FOCAC) to further deepen bilateral ties and increase investments in agriculture, power, solid minerals, natural gas, and renewable energy technologies.
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