Over twenty investors from the Republic of
China who are on a business tour in the
country have indicated their readiness to
invest about $300 billion to boost Nigeria’s
economy.
The investors, who held a business forum on
Wednesday with the Ogun State Governor,
Senator Ibukunle Amosun in his office in
Abeokuta, were led by the Chief Executive
Officer (CEO) Shangai Engineering Works Nig.
Ltd and Blue Diamond Investments, Mr. Festus
Mbisiogu, are among China’s Fortune 500
selected companies that are involved in
Agriculture, Power, Aviation, Housing and
Railway development.
Each of the delegates according to Mbisiogu, is
expected to pump in a whopping $15billion
into selected areas of interest, a situation
which would fetch Nigeria over $300 billion.
His words, “The positive multiple effect of the
money the Chinese businessmen are bringing
into Nigeria, would reduce unemployment in
the country and also ensure that the issue of
epileptic power supply which is undermining
industrialisation, becomes a thing of the past”,
Festus stated.
Mbisiogu, who disclosed that the delegates
already have strong presence in other African
countries having invested much money in Ivory
Coast and Ghana, decided to come to Nigeria
to share China’s experience with the people.
He stated that apart from ensuring steady
power supply in the country as well as making
positive impact in the economy, the firms
would make it possible to achieve Nigerians
dream of becoming one of the strongest
economy globally by the year 2020 would be a
reality. He further stressed that “the
investment is a stepping stone towards helping
the federal government to actualize its target
of offering 150,000 thousand Nigerians gainful
employment”
Addressing the team of investors who went in
the company of representatives of China-Africa
Investment Club, Governor Amosun stated that,
“This is almost three years I have been in
office and one country that has been
supportive and close to Ogun State is China.
Indeed, the Chinese Ambassador and Consul
General always come to us. There are areas we
are interested in which are Agriculture,
Railway, Airport etc. and we will like to partner
with China to develop these areas.”
Ogun State Governor Amosun said “ Ogun State
has the largest base of industry in Nigeria
because of its proximity with our sister state
Lagos and that has given us the privilege of
becoming the gateway to west Africa sub-
region market.” He added that “Ogun State is
home for industry, while Lagos is home for
commerce and we allow private investors to
enable us grow.” He expressed optimism that
in the next three to six months, that the
investors would have established there
companies here in Nigeria.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment