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Tinubu to Chinese executives: Formalised solid mineral exploration Nigeria’s next growth vista

President Bola Ahmed Tinubu said “Nigeria is a safe investment hub”, adding that his administration would always provide the needed support to ensure businesses thrive.

He said this Friday in Abuja when he received a delegation led by the chairman of the China Railway Construction Corporation (CRCC), Mr. Dai Hegen, at the State House.

President Tinubu assured the Chinese business executives that their investments in Nigeria were safe and that his administration would further strengthen the business environment.

“I have listened to you carefully. Your operation is consistent with our objectives. We are reforming the economy and taking crucial actions to ensure accelerated growth. The CRCC, with its subsidiary, CCECC, is a leading company and one of the best partners to work with. I am happy that you are partnering with Nigeria in so many areas, particularly in rail construction. 

“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.

“I am proud of what I started as Governor of Lagos State with the Lekki Free Trade Zone. It is now a flourishing environment. It is important to give you the assurance that we will do well to strengthen our partnership and relations.”

The president commended the corporation, particularly its subsidiary, China Civil Engineering Construction Corporation (CCECC), headquartered in Beijing, for its efforts in delivering value on infrastructural projects in the country.

“The door is open for partnership, that partnership that will add value to both sides. Solid minerals development is the next frontier for mutually-beneficial growth and collaboration.

“We need each other. The sustainable path to success is a two-way street. We assure you that your investment is safe in our country. Once you succeed here, I know your reputation in other countries will be further strengthened.”

In his remarks, the China Railway Construction Corporation Chairman highlighted some of the projects in the works and those completed by the corporation.

He said, “In the railway construction sector, the Kano-Kaduna Railway is 39 per cent completed and is on course for completion in the second quarter of 2026. The Abuja-Kaduna Railway and Lagos-Ibadan Railway have carried approximately 9 million passengers since they were completed and commissioned. Freight services have officially commenced along the Lagos-Ibadan axis since September 2023 and a total of 180,000 tons of cargo have been transported.”

He said the Corporation had signed investment cooperation agreements with 119 companies, stimulating investments of $3 billion, creating 4,000 direct jobs for Nigerians, and paying $125 million in taxes. 

“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.”

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