China and Nigeria Sign 12 Billion Dollar Railway Agreement

gin and nigeria
gin and nigeria

Nigeria signed a $ 12 billion railway agreement with China: China's state-owned China Railway Construction Company (CRCC) signed a gigantic agreement of $ 11,97 billion for a railway building project with Nigeria. This deal is the highest trade volume in China's overseas item. According to the news of the official Xinhua agency today, Nigerian Transport Minister Idris Omer and CRCC manager Cao Baogang signed this giant deal in Abuja, the capital of Nigeria.

According to the largest project in Chinese history, the country's economic capital, Lagos, will be connected to the eastern city of Kalaba via the 1402 kilometer.

The project will enable the local people to work in XIII for a thousand people. When the line becomes operational, 200 will have the opportunity to employ a thousand people. The speed of the train will be the maximum 30 km per hour.


China will export 4 billion dollars worth of construction machinery, trains, steel products and other equipment to this country for the construction of the project to be used in technology.

Two weeks ago, Mexico, China's CRCC-led consortium signed with the 3,75 billion-dollar high-speed train agreement, and a few days after the cancellation of the news was welcomed in China. The reason for the cancellation was the concern of transparency.

Last year the trade volume between China and Nigeria had been 13,6 billion dollars. Nigeria, one of the world's leading oil producers, is an important country for China's energy supply.

According to the Chinese media, CRCC, operating in 77 countries and regions of the world, ranks 500th among the 80 strongest companies in the world and first in the field of construction.

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