President Muhammadu Buhari has expressed satisfaction over his visit to the People’s Republic of China, which he says has yielded investments for Nigeria in excess of $6 billion.
The visit is said to have birthed several agreements and positives in the different sectors of Nigerian economy, including power, solid minerals, agriculture, housing and rail transportation.
According to a statement issued by the Garba Shehu, Senior Special Assistant to the President (Media & Publicity), some of the agreements and impacts of the Presidents visit to China are:
1) Power sector: North South Power Company Limited and Sinohydro Corporation Limited is said to have signed an agreement valued at $478,657,941.28 for the construction of 300 Mega Watts solar power in Shiriro, Niger State.
2) 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.
3) 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.
4) $1 billion agreement for the establishment of a Hi-tech industrial park in Ogun-Guangdong Free Trade Zone in Igbesa, Ogun State.
5) 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.
6) $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.
7) $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.
Source: Ynaija.com
No comments:
Post a Comment