As part of efforts to boost Africa’s economy, a Chinese firm has disclosed that it will invest over $100 million in Nigeria and other countries in Africa within the next three years.
While addressing journalists on Wednesday during the Minna Mega Business Summit, the General Managing Director, Longrich International, Africa, Alex Jia, said the company has invested over $30 million in Nigeria.
According to Jia: “We will in the next three years invest $100 million to cover to the whole of Africa.
“We have already invested $30 million in Nigeria with the construction of Africa’s Research and Development Institute in Lagos.
“We know many Nigerians love Longrich products and the company is very popular in Africa and Nigeria in particular.”
Jia added that “despite the recession experienced, Nigeria’s population and the proactive measures taken by the government, things have normalized for better business flow. We are ready to bring in all the technology to support and boost the Nigerian market.”
In his remarks, the Governor of Niger State, Alhaji Abubakar Sani Bello, disclosed that arrangements have been put in place to donate hectares of land to the company as part of effort to boost investment in the state.
The Governor, who was represented by the Executive Secretary, Niger State One Stop Investment Centre, Hamza Bello, assured Jia that the state will partner with the company to empower women and youths.
He said: “For Longrich to bring its Research and Development Institute to Nigeria shows that they are a viable company and we are ready to give them land to build a warehouse where products can be supplied to the North Central region of the country.
“We also appreciate Longrich International for choosing Niger State to have its North Central warehouse, which will create employment for our youths and women.”
Bello further stated that one of the policies of his government is to attract foreign direct investment to strengthen investments, adding: “The youth and women empowerment is a welcome development.”
Other speakers at the Summit included the Deputy Governor of Niger State, Ahmed Ketso; Commissioners for Women Affairs, Health and Investment, Trade and Commerce; and the Emir of Minna, Dr. Umar Farouq Bahago.
Highlight of the event saw lucky winners smile home with various items, including plasma TV, refrigerator, generator set, mobile phones, other products and cash vouchers worth N2 million.