CHINA IS BUILDING $1 BILLION PHARMACEUTICAL PARK IN SOUTHWESTERN NIGERIA


A group of investors from China are set to build a pharmaceutical park in southwestern Nigeria, specifically Ogun state. The investors are from Shaaxi Pharmaceutical Industry Limited located in China.

Facilities at the park would include drug manufacturing plants, health centre and hospital on a 1000 hectares of land located in Ogun Guangdong Free Trade Zone (FTZ). This follows the signing of Memorandum of Understanding (MoU) between the company and the government.

Ogun Guangdong Free Trade Zone is a modern industry zone which is in Igbesa of Ogun State, it covers an area of 100 square kilometers and will be developed in three phases.

The project as planned for phase 1 of the project covers 20 square kilometers and the startup area for phase 1 will be 2.5 square kilometers. Zhongfu International Investment (NIG) FZE (hereinafter referred to Zone Management Company) is responsible for the development, management and operation of the project while Ogun State Government will provide land and facilities accordingly.

The zone enjoys ideal geographic Location, 103km distant from Abeokuta, the capital of the State, driving time about 1 hour 40 minutes, and the zone is 30km distant from Apapa harbor in Lagos, 30km distant from the Lagos Murtala Mohammed international airport, 20km distant from the new planed harbor in the Ogun state.

At present, the zone is developing rapidly under various attentions. A magnificent strategic objectives have been formulated—”the most valuable investment zone”, and the zone is expected to become the model of China-Africa friendly Cooperation from generation to generation.


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Amen.