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President Muhammadu Buhari will be in South Africa , Thursday to take part in the Forum on China/Africa Cooperation (FOCAC) occurring in Johannesburg, December 4-5, 2015. At this forum President Buhari will follow up his meeting with the Chinese leader Xi Jinping which took place on the sidelines of the United Nations General Assembly meeting in November in New York.
President Buhari had shown to Xi Jinping, the Chinese leader at the bilateral meeting in New York that he needed China to re-initiate slowed down rail ventures under new terms that would see China giving almost all the financing required.
Exceptionally compelling is the coastal railroad task extending for 1402 kilometers connecting Lagos in the West with Calabar in the East; a venture that is relied upon to be financed with 12 billion U.S Dollars Chinese loan and which will create around 200,000 jobs.
Another rail project that will be up for renegotiation is the $8.3bn Lagos-Kano standard gage modernization undertaking, of which is only a segment, Kaduna-Abuja has come to completion stage.
President Buhari is additionally expected to examine methods for uprooting all deterrents in the way for the 3,050 MW Mambila Power Station, considered a key undertaking which was conceived in 1982 yet has not taken off.
The Chinese President had informed President Buhari of the eagerness of his nation to back the entire project through an extraordinary loan agreement.
The President, who will be joined 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.
Buhari Is Just Making Me Feel Proud Of My Country,Nigeria.Even The World Can Now Testify That Nigeria Indeed Has A Good And Respected Leader.Won’t You Rather Be A Herds man Than A Biafra.Because As It Is Now The Former Can Consume The Latter Or Imprison All Of Them.Even Putin Or Benjamin Natahyahu Can’t Help Them Or Stop Him.
Keep the good work mr. President you have our support and prayers.
Mumu will not understand what the conference in south Africa is all about. But he told the world that Nigeria is financially broke. As far as Buhari is the president ,this project is a failure. He is deceiving the nation
Ode, did you read the news.. When you hate with total blindness it’s sad…
China via its new World Bank AIIB will probably be loaning the sum.. What else ? Ah, it will be a failure because Pro anglozionist Sabotteurs are in place.. Biafra.. haha wake up ode. Tje rail project Yaradua started and GEJ finished.. Who funded it ?
This is the only sense traveling since he took office… Travel to more places like this that will bring jobs and not one stupid Paris rubbish waste of money trip.