Investment
A Chinese multinational company said it would invest over $100million in Nigeria and other African countries to boost the continent’s economy within the next three years.
Making this known yesterday in Minna, Niger State, during the Longrich Minna Mega Business Summit, the General Managing Director, Longrich International, Africa, Alex Jia, said the company has already invested over $30 million in Nigeria.
According to him, “we will in the next three years invest $100 million to cover the whole of Africa. We have already invested $30millon 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.
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“Despite the recession experienced, with Nigeria’s population and the proactive measures taken by the government, things have normalised for better business flow. We are ready to bring in all the technological support to boost the Nigerian market.”
Niger State Governor, Alhaji Abubakar Sani Bello, disclosed that arrangements have been put in place to donate hectares of land to the company as part of efforts to boost investment in the state.
The Governor, who was represented by the Executive Secretary, Niger State One Stop Investment Centre, Hamza Bello, assured that the state will partner with the company to empower women and youths.
“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 lands 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 opportunities for our youths and women,” he said.
Source: G Business
