President Buhari will leave for South Africa tomorrow December 3rd to
participate in the Forum on China/Africa Cooperation (FOCAC).
A statement issued by the Special Assistant to the President on Media
and Publicity, Garba Shehu, says that during the forum Buhari will have
a meeting with Chinese president, Xi Jinping, on how to re-commence
stalled rail projects under new terms that would see China providing
nearly all the financing required.
The statement in part reads
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, had 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 statement said.
Those to accompany him on the trip are Minister of Foreign Affairs,
Geoffrey Onyema; Minister of Transportation, Chubuike Amaechi; and the
Minister of Industry, Trade and Investment, Okechukwu Enelamah. They are
expected back to the country on Saturday December 5th.