China to build a $250m dry port in Nigeria

China is making more investments in Nigeria and the government is backing this development.
China to build a $250m dry port in Nigeria

China is making more investments in Nigeria and the government is backing this development.

Proof of this is President Muhammadu Buhari’s commendation of the Chinese government’s infrastructure support for Nigeria as the Chinese Railway Corporation concludes plans to construct a $250m dry port in Ibadan, South- western Nigeria.

A Chinese delegation led by the Chairman of China Railway Construction Corporation Limited (CRCC), Fenjian Chen, visited the country’s Presidential Villa, on an official meeting.

According to Chen, CRCC is an international company, operating currently in 124 countries with 18,000 local employees in Nigeria alone with projects that include railway, dry port, free trade zone, and highway construction. About 40,000 more jobs are to be created from the operations.

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“A sum of $250 million dollars will be invested on a dry port in Ibadan, Oyo State, and it will decongest the ports in Lagos, and speed up clearance of goods by the Customs Service”, he says.

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