Brand Spur Issue 7 | Page 13

News – Headlines

N458bn Lagos-Ibadan new rail project to begin Feb
China Plans Fresh $ 40bn Investments in Nigeria
GE is looking at investing in Nigeria ’ s run down refineries
The Federal Government will commence the construction of a standard gauge rail line from Lagos to Ibadan next month , the Managing Director , Nigerian Railway Corporation , Mr . Fidet Okheria , has said
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The Chinese Foreign Affairs Minister , Wang Yi , has disclosed plans by the Chinese government to invest up to $ 40b in Nigeria as part of efforts aimed at deepening relations between the two countries .
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GE might be eyeing more than NIgeria ’ s rail sector . In a follow up to the official visit of Jeff Immelt , Group Chairman of GE , the company is also looking at investing in Nigeria ’ s dilapidated refineries .
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