Idris Umar News

Nigeria: Racing ahead with ambitious infrastructure plans

Nigeria - Racing ahead with ambitious infrastructure plans: This is Africa/Financial Times (Infographic & Report)

Nigeria is a country of vast economic opportunity. It famously became the biggest economy in Africa in 2014, after an economic rebase almost doubled the size of its gross domestic product (GDP). At about $510bn, its economy is now bigger than South Africa’s (and among the top 30 in the world).

Cao Baogang (right), vice-president of China Railway Construction Corporation (CRCC) China-Africa Construction Limited, shakes hands with Nigeria's Transport Minister, Idris Audu Umar, after signing a contract for a railway project in Nigeria in Abuja on November 19, 2014.

China signs its largest overseas contract with $12B Nigeria railway deal

China has secured its biggest overseas engineering contract with a deal worth almost US$12 billion to build a railway in Nigeria.