Garba Shehu Profile picture
Sep 5, 2018 16 tweets 3 min read Read on X
On the sidelines of the Forum on China and Africa Cooperation (FOCAC) in Beijing, President Muhammadu Buhari Wednesday assured existing and prospective Chinese investors of high-level support for their investment plans in Nigeria. #FOCAC2018
In separate meetings with prospective investors, President Buhari said Nigeria is endowed with abundant human and material resources as well as a young population that is very energetic and innovative and ready to work.
He encouraged Chinese companies and entrepreneurs to take advantage of the improved business environment in Nigeria to invest in key sectors of the economy.
Acknowledging the contributions of Chinese companies in Nigeria in developing the country’s infrastructure, the President noted that there was still more to do.
The Ruyi Group, a leading Chinese company, had met with the President with a plan to invest $200 million for an industrial park in Kano State, cotton farms in Funtua, Katsina State and textile and garment manufacturing establishments in Aba, Abia State and Lagos.
The proposed investment will cover the entire cotton value chain, farming, ginning, spinning, weaving and power generation to support the processes.
Ruyi Group Chairman, Mr. Yafu Qui told Pres. Buhari that they settled for Nigeria after one-and-a-half year search for an African hub because of the country’s population, abundant human and material resources & a ‘strong leadership’ that has diversification agenda for the country
President Buhari also received Professor Justin Yify Lin of the Pekin University, a former World Bank Chief Economist, currently serving as a consultant to the Nigerian government on the setting up of Special Economic Zones.
Professor Lin told the President that progress has been made with the identification of the cotton value chain as a pilot for the setting up of labour intensive industrial parks, noting that the idea of the Ruyi Group as an investor was partly coming from their studies.
At a separate meeting, the Senior Vice President of, telecom giants, Huawei, Yi Xiang announced that the company will provide 10,000 Nigerians talent training in ICT each year.
Huawei is executing the second phase of the National Information and Communications Technology Backbone Project (NICTIB II) $328 million project, which was signed between China and Nigeria earlier on Wednesday.
The telecom giant chief said of the 10,000 Nigerians, half of them will undergo intensive training on Huawei certification programme to empower them to work anywhere in the world.
Mr Yi also told President Buhari the company had trained 1,000 civil servants in Nigeria and will offer additional 1,000 training slots for training within and outside the government.
Responding, President Buhari expressed satisfaction on the development of the ICT infrastructure backbone in the country, noting that it was consistent with the administration’s determination to institute e-governance to help fight corruption by increasing transparency.
The President added that the project would promote better education in the rural areas and encouraged Nigerian youths to optimize the opportunities of the new infrastructure facilities.
President Buhari also played host to top executives of CITEC Group, who indicated interest on investing in real estate, finance, infrastructure, agriculture and telecommunications in Nigeria.

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More from @GarShehu

Sep 15, 2018
The Presidency wishes to make clear to all Nigerians, and particularly the global banking giant @HSBC which said the second term of Pres. @MBuhari would stunt the economy, that what killed Nigeria’s economy in the past was the unbridled looting of state resources by leaders,...
...the type which was actively supported by HSBC.
A bank that soiled its hand with ‘‘millions of US dollars yet-to-be-recovered Abacha loot’’, and continued until a few months ago to shield the stolen funds of one of the leaders of the Nigerian Senate...
Read 15 tweets
Jul 29, 2018
The Federal Government has assembled 1000-strong military force, compromising the army, air force, police and the civil defence to launch fierce attacks on the bandits terrorising the villages and towns of Zamfara State.
Following directives by President @MBuhari, the Nigerian Air Force (NAF) has begun the deployment of fighter aircraft to Katsina, the airport with the closest proximity to Zamfara State to make for immediate and effective response to the menace of the bandits.
This had not been possible in the past because there was no fuel depot facility in Katsina, but NAF has devised a way around the problem.
Read 16 tweets

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