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Chinese firm to build textile industrial park in Nigeria
27
Sep '17
The government in Kano state in northern Nigeria has signed an agreement with China’s Shandong Ruyi Technology Group to establish a $600-million textile industrial park. The agreement was signed recently by secretary to the state government Alhaji Usman Alhaji and the company’s chairman Yafu Qiu at the company’s headquarters in Jining, Shandong.

The planned investment in Kano would be the Chinese company’s biggest in Africa upon completion, A Nigerian newspaper reported quoting a statement from Salihu Tanko Yakasai, director general of media to Kano governor Abdullahi Umar Ganduje.

“One can only imagine the number of jobs that would be created and the value that would be added to our economy when your plant commences operation in Kano,” Ganduje, who visited one of the group’s factories, said.

Ganduje assured the company that his administration would create an enabling environment for the smooth take off of its project.

Expressing his desire to collaborate with the Kano government in enhancing the capacity of its on-going hydro power project at Tiga and Challawa, Qiu said his company would explore the possibility of executing a solar power project specifically for the park. (DS)

Fibre2Fashion News Desk – India


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