China To Build $250m Dry Port In Nigeria

China plans to invest $250 million on a dry port in Ibadan the Oyo state capital that will decongest the ports in Lagos and speed up clearance of goods by the Customs Service.

The Chairman of China Railway Construction Corporation Limited (CRCC), Mr Fenjian Chen, stated this on Friday when he visited President Muhammadu Buhari in Abuja.

This was contained in a statement issued by President Muhammadu Buhari’s spokesperson, Mr Femi Adesina,

The statement said Chen, who led a high-powered Chinese team to meet with the President, said CRCC is an international company operating in 124 countries, with 18,000 local employees in Nigeria.

Mr Fenjian Chen said  part of the projects by CRCC include rail way, dry port, free trade zone, and building of highways, adding that about 40,000 more jobs are to be created from these.

He lauded President Buhari for the war against corruption and insecurity, expressing confidence that Nigeria would soon become a much better country.

The statement said President Buhari expressed appreciation to China for what he described as its “genuine efforts to improve Nigeria’s infrastructural development.

“We are very grateful to China for the effort to rebuild our infrastructure, and for bringing technical expertise to the country.

“We will give the required support and cooperation, so that our old, out of date, and collapsed infrastructure might be turned around.’’


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