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Friday, 15 April 2016
Buhari's visit to China yields billions in investment for Nigeria- Presidency
Press statement from the Presidency
A total of $1 billion USD is to be invested in the development of a greenfield expressway for Abuja-Ibadan-Lagos under an agreement reached by the Infrastructure Bank and Sinohydro Corporation Limited. For the housing sector, both companies also sealed a $250 million deal to develop an ultra modern 27-storey high rise complex and a $2.5 billion agreement for the development of the Lagos Metro Rail Transit Red Line project.
Other agreements announced and signed during the visit include a $1 billion for the establishment of a Hi-tech industrial park in Ogun-Guangdong Free Trade Zone in Igbesa, Ogun State. Furthermore, the Ogun-Guangdong Free Trade Zone and CNG (Nigeria) Investment Limited also signed an agreement valued at $200million for the construction of two 500MT/day float gas facilities. An agreement valued at $363 million for the establishment of a comprehensive farm and downstream industrial park in Kogi state was also announced at the Nigeria-China business forum.
Other agreements undergoing negotiations include a $500 million project for the provision of television broadcast equipment and a $25 million facility for production of pre-paid smart meters between Mojec International Limited and Microstar Company Limited. About 100 Nigerian businesses and 300 Chinese firms participated in the Nigeria-China business forum which took place a day after President Buhari began his visit to China.
Garba Shehu SSA to the President (Media & Publicity) April 15, 2016
President Buhari has expressed satisfaction with the outcome of his working visit to China, which has yielded additional investments in Nigeria exceeding $6 billion USD. President Buhari believes that the several agreements concluded with the Chinese during the visit will have a huge and positive impact on key sectors of the Nigerian economy including power, solid minerals, agriculture, housing and rail transportation.In the power sector, North South Power Company Limited and Sinohydro Corporation Limited signed an agreement valued at $478,657,941.28 for the construction of 300 Mega Watts solar power in Shiriro, Niger State. In the solid minerals sector, Granite and Marble Nigeria Limited and Shanghai Shibang signed an agreement valued at $55 million for the construction and equipping of granite mining plant in Nigeria.
A total of $1 billion USD is to be invested in the development of a greenfield expressway for Abuja-Ibadan-Lagos under an agreement reached by the Infrastructure Bank and Sinohydro Corporation Limited. For the housing sector, both companies also sealed a $250 million deal to develop an ultra modern 27-storey high rise complex and a $2.5 billion agreement for the development of the Lagos Metro Rail Transit Red Line project.
Other agreements announced and signed during the visit include a $1 billion for the establishment of a Hi-tech industrial park in Ogun-Guangdong Free Trade Zone in Igbesa, Ogun State. Furthermore, the Ogun-Guangdong Free Trade Zone and CNG (Nigeria) Investment Limited also signed an agreement valued at $200million for the construction of two 500MT/day float gas facilities. An agreement valued at $363 million for the establishment of a comprehensive farm and downstream industrial park in Kogi state was also announced at the Nigeria-China business forum.
Other agreements undergoing negotiations include a $500 million project for the provision of television broadcast equipment and a $25 million facility for production of pre-paid smart meters between Mojec International Limited and Microstar Company Limited. About 100 Nigerian businesses and 300 Chinese firms participated in the Nigeria-China business forum which took place a day after President Buhari began his visit to China.
Garba Shehu SSA to the President (Media & Publicity) April 15, 2016
Is there anything wrong with a 14 year old wearing heels this high?


Photos: Nigerian man replicates Michael Jackson's face
Onilogbo, a director at Hakeem Effect Concept shared these photos on Facebook. Below is what he wrote: "Sometimes I feel like crying wen I looked back @ what God is doing through my hands, I thank God for giving me a wonderful partner Eki Osagie. She said let's try and replicate Michael Jackson . I was afraid. BT she gave me the courage and this is where we found ourselves..."
Source: Onilogbo Hakeem Effect/Facebook
Source: Onilogbo Hakeem Effect/Facebook
Acting DG, National Centre for Women Development dies in car crash
The Acting Director General of the National Centre for Women Development, Abdulmalik Dauda, died in an auto crash along the Abuja-Kaduna express way this morning while on his way back from an official assignment. His protocol officer, Mohammed Aliyu confirmed the death to newsmen. He was 57 years old. He's survived by two wives and five children, and has been buried according to Islamic rites in his hometown.
Dauda took over from Onyeka Onwenu on February 16, 2016, following the removal of 26 heads of government agencies and parastatals.
Dauda took over from Onyeka Onwenu on February 16, 2016, following the removal of 26 heads of government agencies and parastatals.
Wednesday, 13 April 2016
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