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Chinese Investors Plan $54 Million Investment in Kwara
2015-07-07
 A group of Chinese investors have concluded arrangement to invest as much as $54 million in Kwara state as part of efforts to boost the industrial development of Nigeria.

The leader of the team, Mr. Shi Zengchao who disclosed this in Ilorin on last Thursday during a courtesy call on the state governor, Alhaji Abdulfatah Ahmed at the Government House, Ilorin  said  that, about $15m would be invested in the next one year in order to ensure commencement of operations as early as possible

Zengcha who said the group found Kwara State investment friendly due to the prevalence of peace in the State, as well as the investment drive of the state government, noted that more Chinese investors will set up factories and other investments in all the sectors of the State's economy.

Responding, the state governor said the policies of his administration were premised on human capital development and industrial growth in a peaceful environment across the state.

Ahmed said the state’s International Vocational Centre in Ajasse-Ipo in Irepodun local government area of the state was designed to train qualified machinists who will fit perfectly into the development of industrial sector of the State.

“We have a large army of employable youths; school leavers that require very little training and they will fit into the industry you are investing in.

"Your proposed investment is very attractive. There are a lot of idle hands that can be employed; indeed, if you want 50,000 people we can get you 50,000 people to work”, the governor said.

Ahmed highlighted some of the factors that made Kwara  investment friendly to include the all year round good weather, the railway lines that transverse the state linking the northern and southern parts of the state as well as the International Airport and Cargo terminal in Ilorin, the State capital.

He said:  “This is a very important environment for you to truly invest, but most importantly it is a peaceful environment and our people are very receptive as they welcome visitors."

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