President Muhammadu Buhari has expressed satisfaction with the outcome of his working visit to China which has yielded additional investments in Nigeria exceeding $6bliion.
He believed 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.
According to a statement by the senior Special Assistant on Media and Publicity, Garba Shehu, North South Power Company Limited and Sinohydro Corporation Limited signed an agreement valued at $478,657,941.28 for construction of 300 Mega Watts solar power in Shiriro, Niger State.
In the solid mineral sector, Granite and Marble Nigeria Limited and Shanghai Shibang signed an agreement valued at $55million for the construction and equipping of granite mining plant in Nigeria.
A total of $1billion USD 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 $250million deal to develop an ultra modern 27-storey high rise complex and a $2.5billion agreement of the Lagos Metro Rail Transport Red Line Project.
Other agreements announced and signed during the visit include a $1billion for the establishment of a Hi-tech Industrial Park in Ogun State.
Furthermore,the Ogun-Guangdong Free Trade zone and CNG(Nigeria) Investment Limited also signed an agreement valued at $200million for the construction of two 500 MT/ day float gas facilities.
An agreement valued at $363million for the establishment of a comprehensive farm and downstream industrial park in Kogi State was announced at the Nigeria-China business forum.
Other agreements undergoing negotiations include a $500million project for the provision of television broadcast equipment and a $25million facility for production of pre-paid smart metres between Mojec International Limited and Micro Star Company Limited.
About 100 Nigerian businesses and 300 Chinese firms participated in the Nigeria-China forum.
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