Nigeria is a safe place to invest, according to President Bola Tinubu, who also pledges that his administration will give businesses in the nation the assistance they need to succeed.
 At a meeting with a team led by China Railway Construction Corporation (CRCC) Chairman Mr. Dai Hegen on Friday at the State House, Tinubu made this pledge.
He gave the Chinese business leaders’ delegation assurances that their investments in Nigeria would be safeguarded and that his administration would continue to improve the economic environment.
The president conveyed the eagerness of his administration to strengthen commercial relations with the firm and to upgrade facilities and infrastructure that are vital.
“I have given you my complete attention. Your actions are in line with our goals. To guarantee faster growth, we are undergoing economic change and implementing important measures.”
“The CRCC is a reputable business and among the greatest partners to work with, especially with its affiliate, CCECC. I’m glad to hear that you and Nigeria are working together on a number of projects, especially rail building.”
“We will take all necessary steps to guarantee the completion of the train connection between the Federal Capital Territory and the Ibadan terminus of the Lagos-Ibadan railway. Our coastal seaports and the hinterland need to be connected.”
“I am proud of the Lekki Free Trade Zone, which I established while serving as Governor of Lagos State.”
“It is currently a thriving ecosystem. It is critical that we assure you that we would do all possible to deepen our relationship and connections,” Tinubu stated.
Additional insights
Hegen, the CRCC Chairman, gave a brief overview of some of the corporation’s ongoing and finished initiatives in his remarks.
“In the railway building industry, the Kano-Kaduna Railway is 39% built and expected to be finished in the second quarter of 2026.”
“The Abuja-Kaduna Railway and the Lagos-Ibadan Railway have transported roughly 9 million people since their completion and commissioning.”
He went on to add, saying “Since September 2023, goods services have officially begun along the Lagos-Ibadan axis, and a total of 180,000 tonnes of cargo have been transported.”
Hegen said that the company had paid $125 million in taxes and entered investment cooperation agreements with 119 businesses, attracting $3 billion in investments and directly employing 4,000 Nigerians.
In an effort to strengthen collaboration along shared interests, he invited Tinubu to the Forum on China-Africa collaboration (FOCAC) on behalf of the Chinese government.
In order to further the nation’s economic development, the CRCC chairman continued, “We plan to increase our investments in key areas, such as agriculture, power, solid minerals, natural gas, and renewable energy technologies with the support of Your Excellency.”
