Minister of State for Industry, Trade and Investment, Hajiya Aisha Abubakar has disclosed that Chinese investors have committed to invest an additional $500 million into various sectors of the economy to help expand their businesses and boost employment generation across the country.
The minister stated this in Abuja why playing host to a delegation of Chinese businessmen who were on a feasibility study of the investment environment.
According to the minister, “doors are open to people who are willing to come in and invest in our country, noting that ”the economy needs a lot of investors and different sectors want to key in.”
She said the new capital injection was expected to come with the Skyrun Corporation and Hi-Hope International, both of which are umbrella firms for Chinese investments.
The minister said, “They’ve already invested over $500 million; they’ve come with more expansion plans to go into various From what we’ve just discussed, they are willing to bring in additional $500 million over the next few years and they are also going to expand in sectors as well as geographical spread.
“From what we’ve just discussed, they are willing to bring in additional $500 million over the next few years and they are also going to expand in sectors as well as geographical spread.”
She added that government was considering giving some forms of incentives to the investors as well as allowing for some flexibility in accessing the Nigerian market.
She said, “So we are hoping that these would generate more employment for us and we’ll see more of our products in the market especially for export purposes.
“By the time they’ve brought in their documented proposals, and we see the full details of what it is that we are doing, I’m sure we are willing to allow them have some concessions and maybe flexibility in how they come in and so on.”
Speaking earlier, Chairman, Skyrun International, Xie Shao, who led the Chinese delegation said that the Chinese investors were trying to bring in investments into country but needed to know whether they would enjoy support from the government or ministers.
“That’s why we are in the country,” he said
He said, “We are going to investment in agriculture, power, refining and industrial products because these are good for the Nigerian economy. And the minister has said she would give support.
“Skyrun has set up our factory here ten years ago for the future. Now we intend to effect expansion and now we are trying to bring in more partners together with us to set up factories and create jobs and boost the Nigerian economy.”


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