President Bola Tinubu has proclaimed Nigeria as a secure haven for investments and has vowed to extend the necessary assistance to ensure the prosperity of businesses within the nation. Mr. Tinubu articulated this commitment during a meeting with a delegation led by the chairman of the China Railway Construction Corporation (CRCC), Dai Hegen, at the State House on Friday.
He reassured the Chinese business executives that their investments in Nigeria were secure and that his administration would further fortify the business environment.
The president emphasized that his government is eager to enhance business partnerships with the company, as well as enhance critical infrastructure and facilities.
“I have carefully considered your proposals. Your operations are in line with our goals. We are implementing economic reforms and undertaking vital measures to ensure rapid growth.
“The CRCC, along with its subsidiary, CCECC, is a prominent company and an excellent collaborator. I am pleased that you are engaging with Nigeria in various sectors, particularly in railway construction.
“We will make every effort to ensure the completion of the rail link between the Ibadan terminus of the Lagos-Ibadan railway and the Federal Capital Territory. It is imperative to connect the inland regions with our coastal seaports.
“I am proud of the inception of the Lekki Free Trade Zone during my tenure as Governor of Lagos State. It has now flourished. It is crucial to assure you that we will strive to reinforce our partnership and relations,” Mr. Tinubu stated.
The president commended the corporation, especially its subsidiary, China Civil Engineering Construction Corporation (CCECC), for their contributions to infrastructural projects in the country.
Mr. Tinubu urged the corporation to explore additional avenues of collaboration, particularly in solid minerals.
“The door is open for collaboration, a collaboration that will benefit both parties. Solid mineral development represents the next frontier for mutually advantageous growth and cooperation.
“We need each other. Success is a mutually beneficial journey.
“We assure you that your investment is secure in our nation. Your success here will undoubtedly enhance your reputation in other countries,” the president affirmed.
In his address, the chairman of the CRCC highlighted ongoing and completed projects undertaken by the corporation.
“In the realm of railway construction, the Kano-Kaduna Railway is currently 39 percent complete and is on track for finalization in the second quarter of 2026.
“The Abuja-Kaduna Railway and Lagos-Ibadan Railway have collectively transported approximately 9 million passengers since their completion and inauguration.
“Freight services along the Lagos-Ibadan axis officially commenced in September 2023, with a total of 180,000 tons of cargo transported,” he revealed.
Mr. Hegen also mentioned that the corporation has entered into investment cooperation agreements with 119 companies, generating investments totaling $3 billion and creating 4,000 direct job opportunities for Nigerians, in addition to paying $125 million in taxes.
He extended an invitation from the Chinese government to Mr. Tinubu to attend the Forum on China-Africa Cooperation (FOCAC) to further enhance cooperation in areas of mutual interest.
“With Your Excellency’s support, we aim to expand our investments in key sectors such as agriculture, power, solid minerals, natural gas, and renewable energy technologies to advance the economic development of the country,” the CRCC chairman concluded.
By: Nwakaji Peace Martins
