President Muhammadu Buhari has expressed
satisfaction with the outcome of his working
visit to China, which has yielded additional
investments in Nigeria exceeding six billion
dollars.

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

The Senior Special Assistant to the President on
Media and Publicity, Mr Garba Shehu disclosed the
President’s views in a statement on Friday.
“In the power sector, North South Power Company
Limited and Sinohydro Corporation Limited signed
an agreement valued at 478,657,941.28 dollars 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 dollars for the
construction and equipping of granite mining plant
in Nigeria.

“A total of one billion dollars 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 dollars deal to develop an ultramodern
27-storey high rise complex and a 2.5 billion dollars
agreement for the development of the Lagos Metro
Rail Transit Red Line project,” the statement read.
Other agreements announced and signed during the
visit include one billion dollars for the establishment
of a Hi-tech industrial park in Ogun-Guangdong Free
Trade Zone in Igbesa, Ogun State.


The Ogun-Guangdong Free Trade Zone and CNG
(Nigeria) Investment Limited also signed an
agreement valued at 200 million dollars for the
construction of two 500MT/day float gas facilities.
“An agreement valued at 363 million dollars 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 dollars project for the provision of
television broadcast equipment and a 25 million
dollars facility for production of pre-paid smart
meters between Mojec International Limited and
Microstar Company Limited,” the statement read.
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.