President Bola Tinubu has assured that Nigeria remains a secure and attractive destination for investments, pledging robust government support for business success within the country. This commitment was made during a meeting with a delegation led by Mr. Dai Hegen, Chairman of China Railway Construction Corporation (CRCC), at the State House on Friday.
President Tinubu emphasized his administration’s dedication to protecting investments and improving the business climate for Chinese investors. “Your operation aligns with our objectives as we reform the economy and take crucial actions for accelerated growth,” Tinubu remarked, noting the CRCC’s significant role, particularly in rail construction.
Highlighting Nigeria’s commitment to infrastructure development, Tinubu stated, “We will do everything required to ensure that the rail link between the Ibadan end of the Lagos-Ibadan railway and the Federal Capital Territory is completed. We must connect the hinterland with our coastal seaports.” He also expressed pride in the successful establishment of the Lekki Free Trade Zone, which began during his tenure as Governor of Lagos State.
The President assured the delegation that his government is eager to strengthen partnerships and expand business ties, particularly in infrastructure and essential facilities. “It is important to give you the assurance that we will do well to strengthen our partnership and relations,” Tinubu added.
In response, CRCC Chairman Hegen provided updates on ongoing and completed projects. He noted that the Kano-Kaduna Railway is 39% complete and on track for completion by the second quarter of 2026. The Abuja-Kaduna and Lagos-Ibadan Railways have successfully transported approximately 9 million passengers since their completion, with freight services moving 180,000 tons of cargo along the Lagos-Ibadan route since September 2023.
Hegen highlighted CRCC’s economic impact in Nigeria, citing investment cooperation agreements with 119 companies, stimulating $3 billion in investments, creating 4,000 direct jobs, and contributing $125 million in taxes. He invited President Tinubu to the upcoming Forum on China-Africa Cooperation (FOCAC) to further deepen bilateral cooperation.
“With the support of Your Excellency, we plan to increase our investments in key areas, such as agriculture, power, solid minerals, natural gas, and renewable energy technologies to promote the economic development of the country,” Hegen concluded.
This meeting underscores Nigeria’s proactive approach to fostering a secure and conducive environment for international investments, reinforcing its commitment to economic growth and development.
