The several agreements concluded with the Chinese government during Buhari's visit is expected to impact positively in key sectors of Nigeria's economy including, Power, Solid Minerals, Agriculture, Housing and Rail transportation.
In the Power Sector, North South Power Company Limited and Sinohydro Corporation Limited signed an agreement valued at $478, 657, 941.28 for construction of 300 Mega Watts solar power in Shiroro, Niger State.
In the area of Solid Minerals, Granite and Marble Nigeria Limited and Shanghai Shibang signed an agreement to the tune of $55million for construction and equipping of granite mining plant in Nigeria.
A total of $1billion is to be invested in the development of a Greenfield Expressway for Abuja-Ibadan-Lagos under an agreement reached by the Infrastructure Bank and Sinohydro Corporation Limited.
In the Housing Sector, both companies concluded a deal of $250 million to develop an ultra modern 27-storey high rise complex and a $2.5 billion agreement for the development of the Lagos Metro Rail Transit Red Line Project.
Other deals and agreements concluded during Buhari's visit include a $1billion deal for the establishment of a Hi-tech industrial park in Ogun-Guangdong Free Trade Zone in Igbesa, Ogun State.
Ogun-Guangdong Free Trade Zone and CNG (Nigeria) Investment Limited also signed an agreement valued at $200 million for the construction of two 500 MT/day float gas facilities.
An agreement valued at $363million for the establishment of a comprehensive farm and downstream industrial park in Kogi State was also announced at the Nigeria-China business forum.
Other deals undergoing negotiations include a $500 million project for the provision of television broadcast equipment and a $25million facility for production of pre-paid smart meters between Mojec International Limited and Microstar Company Limited.
About 300 Chinese firms and 100 Nigerian businesses participated in the Nigeria-China Business forum which took place during Buhari's visit to China,
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