Saturday, August 22, 2015

China To Invest $1 billion In Nasarawa State

Chinese government is ready to invest one billion dollars in Nasarawa State in the next five years through Tongyi group as part of its strategic partnership aimed at boosting commerce and trade.

This was disclosed by Mr. Yong Shubo, the general manager China public procurement in a chat with news men shortly after an interactive section with Nasarawa state government officials at government house Lafia.

Mr. Shubo said that China will invest in the areas of power generation, mining, airport construction, and road construction which are expected to create jobs and generate wealth for the citizens of the state.

Mr. Shubo explained that China is looking at the possibilities of making Nasarawa State an industrial hub because of the resources that abound in the state and its proximity to federal capital.

He added that the Chinese government will equally look at the Karu international market and prepare proposal for areas of partnership and job creation.

According to him, the market is capable of creating over a hundred thousand jobs with a multiplier effect.

Earlier, Governor Umaru Tanko Al-Makura expressed confidence in the group owing to their track record in other countries of the world.

Al-Makura said that the collaboration with the Chinese investors will open up frontiers of investment opportunities and create wealth for the state.


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