Business News

Tinubu assures Chinese investors of assets safety in Nigeria  

President Bola Tinubu says Nigeria is a secure destination for investments, promising that his government will provide the necessary support for business success within the country. 

Tinubu made this commitment during a meeting with a delegation headed by Mr Dai Hegen, the Chairman of China Railway Construction Corporation (CRCC), at the State House on Friday. 

He reassured the delegation of Chinese business leaders that their investments in Nigeria are protected and that his administration will further enhance the business climate. 

The president expressed his government’s eagerness to broaden business ties with the company and to improve essential infrastructure and facilities. 

In his remarks, the Chairman of the CRCC, Hegen, highlighted some of the projects in the works and those completed by the corporation. 

Hegen also said the corporation has signed investment cooperation agreements with 119 companies, stimulating investments of $3 billion and creating 4,000 direct jobs for Nigerians, as well as paying $125 million in taxes. 

He extended the Invitation of the Chinese government to Tinubu to attend the Forum on China-Africa Cooperation (FOCAC) to further deepen cooperation along mutual areas of interest.