Your investments are protected in Nigeria

President Bola Tinubu says Nigeria is a protected hub for investments and that his administration will at all times present the wanted help to make sure that companies thrive within the nation.

Talking when he obtained a delegation led by the Chairman of the China Railway Development Company (CRCC), Dai Hegen, on the State Home on Friday, President Tinubu assured the Chinese language enterprise executives that their investments in Nigeria are protected and that his authorities will additional strengthen the enterprise setting.

The president said that his administration welcomes the chance to increase enterprise collaboration with the corporate, in addition to improve important infrastructure and services for the mutual good thing about each events.

“I’ve listened to you fastidiously. Your operation is per our targets. We’re reforming the financial system and taking essential actions to make sure accelerated development. The CRCC, with its subsidiary, CCECC, is a number one firm and probably the greatest companions to work with. I’m completely happy that you’re partnering Nigeria in so many areas, significantly in rail development.

“We’ll do all the things required to make sure that the rail hyperlink between the Ibadan finish of the Lagos-Ibadan railway and the Federal Capital Territory is accomplished. We should join the hinterland with our coastal seaports.

“I’m pleased with what I began as governor of Lagos State with the Lekki Free Commerce Zone. It’s now a flourishing setting. It is very important provide the assurance that we are going to do nicely to strengthen our partnership and relations,” President Tinubu stated.

The president counseled the company, significantly its subsidiary, China Civil Engineering Development Company (CCECC), headquartered in Beijing, for its efforts in delivering worth on infrastructural tasks within the nation.

President Tinubu inspired the company to additionally discover different avenues of cooperation, particularly in stable minerals, including: “The door is open for partnership, and partnership that can add worth to either side. Stable minerals improvement is the following frontier for mutually-beneficial development and collaboration.”

“We’d like one another. The sustainable path to success is a two-way road. We guarantee you that your funding is protected in our nation. When you succeed right here, I do know your status in different international locations shall be additional strengthened,” the president stated.

In his remarks, the Chairman of the China Railway Development Company highlighted a few of the tasks within the works and people accomplished by the company.

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“Within the railway development sector, the Kano-Kaduna Railway is 39 p.c accomplished and is on track for completion within the second quarter of 2026. The Abuja-Kaduna Railway and Lagos-Ibadan Railway have carried roughly 9 million passengers since they had been accomplished and commissioned. Freight companies have formally commenced alongside Lagos-Ibadan axis since September 2023, and a complete 180,000 tons of cargo have been transported,” he stated.

Mr Hegen additionally stated the company has signed funding cooperation agreements with 119 corporations, stimulating investments of $3 billion, and creating 4,000 direct jobs for Nigerians, in addition to paying $125 million in taxes.

He prolonged the invitation of the Chinese language authorities to President Tinubu to attend the Discussion board on China-Africa Cooperation (FOCAC) to additional deepen cooperation alongside mutual areas of curiosity.

“With the help of Your Excellency, we plan to extend our investments in key areas, comparable to agriculture, energy, stable minerals, pure fuel, and renewable vitality applied sciences to advertise the financial improvement of the nation,” the CRCC Chairman added.

Ajuri Ngelale

Particular Adviser to the President

(Media & Publicity)

Could 17, 2024