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Presidency Lists Nigeria’s Benefits From Buhari’s China Visit - Politics - Nairaland

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Presidency Lists Nigeria’s Benefits From Buhari’s China Visit by Darrellhill: 1:04am On Apr 17, 2016
President Muhammadu Buhari has expressed satisfaction with the outcome of his working visit to China, which has yielded additional investments in Nigeria exceeding $6 billion.

President Buhari believes that the several agreements concluded with the Chinese during the visit will have a huge and positive impact on key sectors of the Nigerian economy including power, solid minerals, agriculture, housing and rail transportation.

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 Shiriro, Niger State.

In the solid minerals sector, Granite and Marble Nigeria Limited and Shanghai Shibang signed an agreement valued at $55 million for the construction and equipping of granite mining plant in Nigeria.

A total of $1 billion 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 $250 million deal to develop an ultra modern 27-storey high rise complex and a $2.5 billion agreement for the development of the Lagos Metro Rail Transit Red Line project.

Other agreements announced and signed during the visit include a $1 billion for the establishment of a Hi-tech industrial park in Ogun-Guangdong Free Trade Zone in Igbesa, Ogun State.

Furthermore, the Ogun-Guangdong Free Trade Zone and CNG (Nigeria) Investment Limited also signed an agreement valued at $200 million for the construction of two 500MT/day float gas facilities.

An agreement valued at $363 million 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 $500 million project for the provision of television broadcast equipment and a $25 million 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.

Mennn naija is working again.
Re: Presidency Lists Nigeria’s Benefits From Buhari’s China Visit by satelliteDISH(m): 1:16am On Apr 17, 2016
I don't see any project being sited in the south east.
Re: Presidency Lists Nigeria’s Benefits From Buhari’s China Visit by DonMaxxy(m): 1:17am On Apr 17, 2016
I am very much happy about this. But you want to tell us it is benefits all the way, so China will not gain anything, how possible is this? then it is not a bilateral venture as you pple told us, but a unilateral one. Una sure say u pple understood the terms of the agreements or you just dey sign any document presented to you.

Show us the pros and the cons, thats how best to be accountable and responsive to your people. We are tired of white elephant projects. Just imagine an industrial park when the nation's refineries which will employ more people, are not working.

Morestill, one thing is to build another thing is to maintain. We lack maintenance culture . I once visited the Wildlife park in Jos sometime in the past. lo and behold it was almost in ruins. Some cages have no animals in them. There was zero maintenance there. It will be shameful if China comes and build all these and they will not be maintained.

Most importantly, whatever you pple are building, build them between now and 2018. Don't slow down these projects so that they will be used by 2019 for campaign. No way! that system no longer works. We dunno want if you pple are sacked, the new administration will abandon these projects, sets up a 10 or 20 man c'mtee to probe them. The 2nd Niger bridge is a clear victim. Complete your projects cos this country is not an abode for abandoned projects.

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Re: Presidency Lists Nigeria’s Benefits From Buhari’s China Visit by Luckylife(m): 1:33am On Apr 17, 2016
We pray all this theories should not pass the way APC campaign promises follow. God forbid !
Re: Presidency Lists Nigeria’s Benefits From Buhari’s China Visit by kamair237(m): 2:15am On Apr 17, 2016
Amen!!!

In PMB we will follow.

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