Buhari delivers shocking message to Fayose, Others

By Post Nigeria April 16, 2016 10:31

Buhari delivers shocking message to Fayose, Others

President Muhammadu Buhari, has expressed satisfaction with the outcome of his working visit to China, which he said, has yielded additional investments in Nigeria exceeding $6 billion.

This is coming just as the Governor of Ekiti state, Ayodele Fayose and others have criticized Buhari’s trip to China.

Related: Fayose delivers shocking message to China against Buhari

According to a statement by Buhari’s Senior Special Assistant on Media and Publicity, Garba Shehu, the President believes 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.

Buhari noted that in the power sector, North South Power Company Limited and Sinohydro Corporation Limited signed an agreement valued at $478,657,941.28 for the construction of 300 Mega Watts solar power in Shiriro, Niger State.

Hinting about the president’s mindset, Shehu said, “In the 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.

“For the 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.

“Other agreements announced and signed during the visit include; a $1 billion for the establishment of a Hi-tech industrial park in Ogun-Guangdong Free Trade Zone in Igbesa, Ogun State.

“Furthermore, the 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.

“An agreement valued at $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.”