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President of CITIC Group Corporation Wang Jiong Pays Courtesy Call on Nigerian President Muhammadu Buhari

Post on:2018-09-10Source:Africa Division

Wang Jiong, President of CITIC Group Corporation paid a courtesy call on Muhammadu Buhari, President of Nigeria at Beijing Hotel NUO on September 5, 2018 upon invitation. Nigerian President was in China for the Beijing Summit of Forum on China-Africa Cooperation (FOCAC).

President Wang Jiong warmly welcomed President Muhammadu Buhari’s visit to China for the FOCAC Beijing Summit, and briefed him on the overall status of CITIC Group Corporation as well as the advantages and development achievements of CITIC Construction in project contracting. He said that CITIC Construction has accomplished a number of projects with good social effects in Angola and Algeria through tapping deeply into African market. Nigeria, the largest economy in Africa, has huge market potential, Wang Jiong added. CITIC Group Corporation will actively respond to and implement the requirements of the eight major initiative proposed by President Xi Jinping at the FOCAC Beijing Summit. In doing so, CITIC Group Corporation will boost local economic development through industrial cooperation based on actual needs and natural conditions there, create more economic drivers in local areas, and promote China-Nigeria cooperation in various fields including finance and infrastructure construction.

President Muhammadu Buhari appreciated the program in which CITIC Group Corporation provided quality agricultural seeds for Nigeria. He has participated in this program himself, and has seen the remarkable results with high efficiency achieved by this program. He hopes both sides will expand cooperation in agriculture. Thanks to the strong support of the Chinese government and enterprises, Nigeria has registered rapid development in recent years. CITIC Group Corporation, an international enterprise with strong financial strength and outstanding performance, is a strategic partner urgently needed by Nigeria for its economic development. Through comprehensive cooperation in many areas such as finance, agriculture, investment, infrastructure and industrial cooperation, the two sides can help Nigeria achieve diversified economic development and provide higher quality services. It is hoped that both sides can start from setting up financial branches, railway projects, and thermal power projects, and achieve satisfactory results as soon as possible. President Muhammadu Buhari invited President Wang Jiong to lead a delegation to visit Nigeria at an appropriate time.

Chen Xiaojia, Chairman of CITIC Construction, and Tao Yang, President of CITIC Construction, attended the meeting.