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China-Africa Trade Information Service
The Federal Government has started wooing potential investors for its 2,100 hydro megawatts power projects to boost power generation, transmission and distribution across the country.
The Federal Government sets up a power project in Lagos with a capacity of 1.5 megawatts.
Launched in 2011, the Dairy Development Project (DDP) was initiated by the company to revamp dairy production in Nigeria. Thousands of local farmers have benefited directly in the initiative geared towards meeting the 1.1 billion litres yearly demand in the country.
Nigeria and the Republic of Niger have signed a Memorandum of Understanding (MoU), for the construction of a hydrocarbon pipeline and a petroleum refinery.
The Vice President, Prof. Yemi Osinbajo, has undertaken that the Buhari administration aims at making Nigeria as a major global investment destination.
According to him, the local transportation experience in the city of Abuja, the political capital of Nigeria, may never be the same as the train service cuts down travel time and cost.
Investors in Aje oilfield, offshore Lagos, have announced a significant increase in its reserves as well as a confirmation of the viability of the Aje gas development.
In the past two years, Nigeria was turned into one of the most attractive investment destinations in Africa.
The Prime Minister during the discussion has assured Mr. Aliko Dangote that his government will extend the necessary support for the expansion of Dangote Group’s investment in Ethiopia.