Niger Delta
China Plans Truck Plant In Calabar
A Chinese trade delegation on a visit to Cross River State has said it planned to open a truck manufacturing plant within Calabar Free Trade Zone.
Leader of delegation and Deputy Mayor of Chang Chun City, China, Mr. Gui Guangli, announced this during a courtesy visit to Governor Liyel Imoke of Cross River State.
Guangli said the team was in the state to explore areas of investment and decided to go ahead with the establishment of a truck plant.
The deputy mayor said that the company had 11 outlets across the world, including Japan, Germany and United States.
According to him, the state is conducive for investments coupled with the airport, seaport and Free Trade Zone.
He said the trucks that would be produced in Calabar would be of high technology and class, adding that the volume of production would be determined by the economic indices of demand.
He said the trade mission would also invest in agriculture and pharmaceutical sectors.
According to him, China and Nigeria have an age-long trade relationship, and commended Imoke for providing necessary infrastructure for the state’s economic growth.
Responding, Imoke commended the mission for the decision to establish the plant in Calabar, adding that it would strengthen and develop the economy of the state.
Imoke said the products of some Chinese firms doing business in the zone were of high quality.
According to the governor, Cross River is one of the states with fastest growing economies in Nigeria and its people were peaceful and hospitable.
He said it was the state’s economic thrust to build a strong system, and advised that those who invested in agriculture should plant, harvest and process the produce in the state.
Imoke explained that the state would collaborate with the mission to explore areas with comparative advantage, and called for more areas of support and cooperation.
According to him, Cross River has a vast land mass for agriculture and is partnering with private sector to ensure conducive environment for investment.
The General Manager of the trade zone, Mr Sadiq Kassim, said the visit was a collaboration between the state government and the zone to bring investments to the state.
Kassim said Chang Chun City, with a population of about seven million people, wanted to invest in Nigeria through its chambers of commerce.
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