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Nasarawa to get $1billion investment from China

By on September 4, 2015

The Chinese government has given indications of plans to invest $1 billion in Nasarawa State in the next five years through an investment firm, Tongyi Group, as part of its strategic partnership to enhance trade and commerce between Nigeria and China.

This indication was given by the General Manager of China Public Procurement (CPP), Yong Shubo, in a chat with journalists shortly after a recent interactive session with officials of the Nasarawa State Government at the Lafia Government House.

Power generation, mining prospecting, airport construction and road construction would occupy the targets of this investment, as revealed by Shubo. The Chinese official stated that this would also attract job creations and generate wealth for the citizens of the state.

Shubo also expressed the readiness of his country to make Nasarawa State an economic hub because of the abundance of mineral and agricultural resources there and the state’s proximity to the federal capital territory (FCT). He added that the potentials of the Karu International Market would be properly harnessed for the economic benefits of the people of the state.

Earlier on in the interactive forum, Nasarawa State Governor, Tanko Al-Makura, expressed “unreserved” confidence in the investment group because of what he described as “the track record of the group in other countries of the world.”

Governor Al-Makura said partnership with the Chinese investors would broaden the frontiers of investment opportunities and create durable wealth for the people of the state.

 

[ThisDay]