Buhari departs for S’Africa, to discuss rail, power projects with Chinese leader, Xi Jinping

AS part of his efforts to push the country’s power, President
Muhammadu Buhari, will lead a high-level delegation of Nigerian
officials to South Africa on Thursday, to participate in the Forum on
China/Africa Cooperation (FOCAC) taking place in Johannesburg, on
Friday.
At the forum, President Is expected to follow up his meeting with the
Chinese leader Xi Jinping which took place on the sidelines of the
United Nations General Assembly meeting early last month in New
York, USA.
President Buhari had indicated to the Chinese leader at the bilateral
meeting in New York that he wanted China to re-commence stalled rail
projects under new terms that would see China providing nearly all the
financing required.
Of particular interest is the coastal railway project stretching for 1402
kilometers linking Lagos in the West to Calabar in the South-South; a
project that is expected to be financed with 12 billion U.S Dollars
Chinese loan and which will create about 200,000 jobs.
Another rail project that would be up for renegotiation, according to a
statement by the Senior Special Assistant on Media and Publicity, Garba
Shehu is the $8.3bn Lagos-Kano standard gauge modernization project,
of which only a segment, Kaduna-Abuja has reached completion stage.
“Besides,President Buhari is also expected to discuss ways of removing
all obstacles in the way of the 3,050 MW Mambila Power Station,
considered a strategic project which was conceived in 1982 but has not
taken off.
The Chinese President had informed President Buhari of the willingness
of his country to finance the whole project through a special loan
agreement.
The President, who would be accompanied by the Minister of Foreign
Affairs, Geoffrey Onyema; Minister of Transportation, Chubuike
Amaechi; and the Minister of Industry, Trade and Investment,
Okechukwu Enelamah, would return to Abuja on Saturday

Posted: at 2-12-2015 06:20 PM (8 years ago) | Upcoming

Hmmm. OK" I pray it yield better fruit.

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Posted: at 2-12-2015 06:59 PM (8 years ago) | Gistmaniac

  ,Chairman&minister for globetrotting still de globetrotting,upon all d matter wey de at hand for naija,hmmmmmm,we are watching.

Posted: at 3-12-2015 01:33 AM (8 years ago) | Hero