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Nigeria may soon draw Chinese investments

The Chinese trade mission has expressed an intention of investing in agriculture and pharmaceutical sectors apart from building a truck manufacturing unit. (Image source: four4dots/Flickr)

A Chinese trade delegation has expressed intent to establish a truck manufacturing plant in Nigerias Calabar Free Trade Zone (CFTZ)

The delegation led by the deputy mayor of China’s Chang Chun city, Gui Guangli, revealed this during a courtesy call to governor of Cross River State Liyel Imoke.

Guangli said that the team had spent two days in the state exploring possible areas of investments and after finding some opportunities, it decided to make concrete plans for the establishment of a truck plant.

Calabar FTZ general manager Sadiq Kassim said that the visit was as a result of collaboration between the state government and the zone to draw investments into the state.

Kassim noted that Chang Chun City, which has a population of more than seven million, has been keen about investing in Nigeria through its chambers of commerce.

The deputy mayor revealed that the trade mission also has the intention of investing in agriculture and pharmaceutical sectors apart from building a truck manufacturing company.

Explaining the rationale behind the investment, Guangli stated that from the study carried out by the manufacturing company, the Cross River State has been found to be conducive for investments.

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