Nigeria’s military has taken delivery of VT-4 main battle tanks, SH-5 self-propelled howitzers and other equipment from China in an effort to strengthen its land forces in the battle against Boko Haram militants.
The equipment was acquired from China’s Norinco after being ordered last year under an apparent $152 million contract.
The equipment was unloaded on 8 April and included VT-4 main battle tanks, SH5 105 mm self-propelled artillery and other items.
The Honourable Minister, Ministry of Mines and Steel Development, Federal Republic of Nigeria, Arc. Olamilekan Adegbite on Thursday 19th March 2020, laid the first stone for the commencement of construction of the Segilola Gold Mine in the communities of Odo-Ijesha and Iperindo in Osun State.
In his keynote address, The Hon Minister, emphasised on the importance of the kick starting of the mining sector in Nigeria which had been earmarked as a key sector to grow the economy. The Honourable Minister assured that the Federal Government was committed to supporting companies in the sector and hailed the project, which is being built by Canadian listed gold developer, Thor Explorations, through its wholly owned local subsidiary, Segilola Resources Operating Limited, as a pioneering project in the Nigerian Mining Sector.
https://www.globalconstructionreview.com/news/china-fund-and-build-39bn-railway-nigerias-capital/?fbclid=IwAR2O0SGjoGMWpsWpbMxsctI6vZPEZrruDAwa4X_QUhFvb_kExbShTMWzybM The government of Nigeria yesterday signed a contract with state-owned China Railway Construction Corporation Limited (CRCC) to build a major new railway linking the capital Abuja to the port city of Warri, a distance by air of approximately 440km.
The project is valued at $3.9bn, Nigerian media reported, adding that it would be a public-private partnership, with Nigeria providing an equity stake of 15%, CRCC an equity stake of 10%, and the remaining 75% borrowed from Cina’s Export-Import (Exim) Bank.
The project includes the construction of a new port at Warri, reports said.
CRCC will operate the railway and the port to recover its investment.
