Unlike former President Koroma led APC government, which was lobbying the government of China to invest in the country through series of bad agreements intended for huge kickbacks, the President Bio administration has clinched series of meaningful developmental package from the same Chinese Government with sensible contractual agreements.
During President Bio’s recent visit to the Peoples’ Republic of China, he addressed investors in the African heads of State Summit, and after which, visited the Investment communities in China to lure investors to invest in the country’s infrastructure, agriculture, health, education, fisheries sectors amongst others.
President Bio’s discussions with the investment communities were highly productive as he was able to negotiate numerous investments intended for various sectors with prudent agreements that seek to benefit his subject and the nation as a whole.
Without further burden on the government as usual, President Bio was able to secure USD1B infrastructural investment for the construction of Lungi Bridge, 50 scholarships for Sierra Leonean students to pursue further studies in various disciplines in the health, education, tourism and business sectors.
Most importantly, the Chinese government has agreed to invest in 35,000 hectares of mechanize rice production to boost the agriculture sector and also 10,000 hectares of rubber farm, for which, the investors will soon visit the country to conduct feasibility studies, plus USD 40M budgetary support to boost the country’s economic growth.
They have likewise agreed to introduce seeds planting that will help Sierra Leoneans harvest their staple food twice a year. Similarly, irrigation technology facilities will also be introduced. Other opportunities for the development of the fisheries, health, education and other sectors are also availbale.