Chinese Investors Ready To Invest In Nigeria's Mining and Steel Sector.

Investors from the Republic of China have indicated their determination to invest in Nigeria’s Mining and Steel Sector for the mutual benefits of the two nations.

The investors showed their interest when they paid a working visit to the Ministry of Mines and Steel Development.

The Chinese delegation was led by the Director of Capital Operation, China Railway Construction Corporation Limited, Mr. Shouhua Jin. The Director and Vice – President of China Civil Engineering Construction Corporation, Mr. Chen Xiaoxing and others were among the delegation.

While welcoming the Chinese delegation to Nigeria, the Permanent Secretary in the Ministry of Mines and Steel Development, Alhaji Suleiman Kassim assured that Nigeria would partner with the investors from China for the development of the Mines and Steel Sector.

Alhaji Kassim said the partnership would bring about positive results by moving Nigeria forward and the investors would get value for their investment.

The Permanent Secretary said that Nigeria would gain a lot from the technology and expertise of China through the partnership in the Mines and Steel Sector.

In his remarks, the leader of the Chinese delegation, Mr. Shouhua Jin, who is the Director of Capital Operation, China Railway Construction Corporation Limited said that the essence of their visit was to indicate their intention to invest in Nigeria’s Mines and Steel Sector for the mutual benefit of Nigeria and China.

Mr. Jin said the China Railway Construction Corporation Limited established since 1947 is into construction of transport infrastructure, real estate management, mineral development and designing of various steel work.

Mr. Jin said they are in the country to gather more information on the Mines and Steel Sector so as to facilitate their investment plans.

While in the country, the Chinese investors will visit the Ajaokuta Steel Company Limited and the National Iron – ore Mining Company, Itakpe both in Kogi State.

It could be recalled that the President of Nigeria, Alhaji Umaru Musa Yar ‘Adua visited the Republic of China last year on investment drive where he met with his Chinese counterpart.