Fidelity bank banner UBA banner
Buhari Arrives South Africa, set for crucial talks with Chinese leader over rail and power projects

By News Express on 04/12/2015

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,661


Nigeria’s President, Muhammadu Buhari last night arrived in South Africa for the Forum on China Africa Cooperation (FOCAC). He touched down at the Waterkloof Air Force Base on Thursday evening hours after departing Abuja and proceeded to Johannesburg, where the forum is holding December 4-5.

The Nigerian leader will this morning join other leaders for the FOCAC opening. He will also meet with business leaders from China and Africa.

In the evening, Buhari would hold bilateral talks with President Xi Jinping of China – a follow up to his meeting with the Chinese leader which took place in New York on the sidelines of the United Nations General Assembly meeting in November.

President Buhari had indicated to Xi Jinping, 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 kilometres linking Lagos in the West with Calabar in the East; 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 will be up for renegotiation is the $8.3bn Lagos-Kano standard gauge modernisation project, of which only a segment, Kaduna-Abuja has reached completion stage.

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 will 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, will return to Abuja on Saturday, December 5.

•Photo by Femi Adesina shows President Buhari stepping out of the Presidential Jet . . . yesterday evening in South Africa.

Source News Express

Posted 04/12/2015 05:21:41 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
World Bank grants N70m to 7 Enugu communities...

Oil prices plunge to three-month lows

Stampede investigation: NAHCON wants Saudi authority to involve...

If capitalism can’t bind people, what will? (Part...

No banking day protest yields refund of over...

Yudala builds Africa’s largest warehouses to meet logistics...

50 armed bandits including 2 females arrested in...

Students charge FG on proper funding of education...

IG, CAN disagree over number of people killed...

Confab: North insists on onshore-offshore dichotomy, scrapping of...

Activists allege fraud in $600 million Mobil oil...

Northern Christian leaders beat retreat, opt to remain...

 

Latest News Boko Haram kills another abducted Red Cross worker, threatens to enslave Leah Sharibu Microsoft co-founder succumbs to cancer Presidency reportedly orders EFCC to detain Fayose indefinitely Kano lawmakers probe alleged bribery by Governor Ganduje How I’ll deliver one million votes for Governor Emmanuel’s second term — Elijah Ifot, Akwa Ibom leader in Lagos 2019: NEFAD endorses Atiku, Umahi 2019 Presidency: Igbo Ekunie berates Southeast PDP for position on Atiku’s choice of Peter Obi as running mate Police summons PDP guber candidate over alleged murder 2019 elections: INEC insists Zamfara APC has no candidate Adeleke to be docked 31 October for exam fraud ASUU splits in two over attack on vice-chancellor of FUOYE Atiku can get our economy working again — Spokesman

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (406,480 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (382,174 views) Shameless Genevieve Nnaji exposes breasts in public (314,549 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (256,476 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (237,243 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,210 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (203,951 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (185,440 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (169,987 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (165,819 views) Lagos plane crash: Journalist releases victims’ names (161,382 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,203 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (67) Business & Economy (3,680) Business Verdict (52) Columnists (945) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (559) Features (659) Global Business Monitor (304) International (2,530) Interview (165) Live Commentary (28) Love Matters (145) News (39,629) Opinion (1,123) Pidgin (13) Politics (7,230) Religion (880) Sports (1,730) Stock Watch (35) AMA & Al Jazeera Global Update

 

Zenith Zero Balance

NLNG Expression of Interest banner

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Fulham vs Arsenal 1-5 All Goals & Extended Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement