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Nairaland Forum / Nairaland / General / Investment / China Invests $600m In Kano’s Textile Industry (12582 Views)
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China Invests $600m In Kano’s Textile Industry by realjoker(m): 11:11am On Jul 10, 2017 |
A Chinese multinational company, Shandong Ruyi Technology Group is set to invest $600 million in the textile and garment industry in Kano State. Already, talks between officials of the company and the Kano State Investment Promotion Agency have reached advanced stage, and it is expected that a memorandum will be signed in the next few months. The chairman of the state Investment Promotion Agency, Alhaji Isyaku Umar Tofa made this known during the presentation of certificates of occupancy to two investors by the state governor, Dr. Abdullahi Umar Ganduje, at the Government House in Kano. “We are about concluding talks with them and they were encouraged by the commitment of the Ganduje administration to provide tax incentives as well as free land for their huge investment,” he stated. Alhaji Isyaku Umar pointed out that the government was giving out free land to two companies namely; Black Rhino/Dangote Group to construct a 100 megawatt solar power plant, at the cost of $150 million and St. Meer International Investment and Management Company which would invest $120 million to finance a similar project in the state. Presenting the certificates of occupancy to the two investors, Governor Abdullahi Umar Ganduje said the decision to give them 207 hectares and 152.3 hectares, respectively, for free, was part of effort at engendering competitiveness and attracting Foreign Direct Investment. “It is in our interest to encourage investment in areas which have potential multiplier effects on the growth of the economy, including employment generation”, noting out that the two companies would generate solar power that would help in addressing the states’ energy deficiency. “We are willing to remove any stumbling blocks towards the success of your investments because of benefits that will come to our state” the governor stressed. Governor Ganduje maintained that his administration decided to engage an industrialist as chairman of the State Investment Promotion Agency in addition to actively involving representatives of what he called “the main industrial blocs in the state. http://leadership.ng/2017/07/10/china-invests-600m-kanos-textile-industry/ 3 Likes 1 Share |
Re: China Invests $600m In Kano’s Textile Industry by astana1: 11:16am On Jul 10, 2017 |
Good 2 Likes |
Re: China Invests $600m In Kano’s Textile Industry by Aburi001: 12:59pm On Jul 10, 2017 |
With that over #200 billion naira ($600 million dollar) investment, the Chinese will soon take over that region. I heard the Petroleum Training School built in Kaduna will kick-start soon. Gradually, the North is working hard for the future possible break-up 38 Likes 1 Share |
Re: China Invests $600m In Kano’s Textile Industry by Rick9(m): 12:59pm On Jul 10, 2017 |
Wow At last am First To Comment, I dedicate this FTC to all Nairalanders , Friends & enemies, You guys are too much. I too like Nairaland - Natural LandE too sweet oh. . . @ Topic can I just get $100,000 from the money, I would be richer than Dangote in few years time. |
Re: China Invests $600m In Kano’s Textile Industry by liftedhigh: 12:59pm On Jul 10, 2017 |
Re: China Invests $600m In Kano’s Textile Industry by Benjom(m): 1:00pm On Jul 10, 2017 |
That's alright and in tandem with economic progress. 2 Likes 1 Share |
Re: China Invests $600m In Kano’s Textile Industry by teamsynergy: 1:00pm On Jul 10, 2017 |
I hope this is for real ooo... cos datz alotta money ... that should revamp d textile industry ..if Naija factor no enter am 4 Likes 1 Share |
Re: China Invests $600m In Kano’s Textile Industry by shams040(m): 1:01pm On Jul 10, 2017 |
ok |
Re: China Invests $600m In Kano’s Textile Industry by bloodwashed: 1:01pm On Jul 10, 2017 |
The Northern renaissance continues...some still believe Nigeria is holding them back abi? Let them continue... 16 Likes 2 Shares |
Re: China Invests $600m In Kano’s Textile Industry by Nobody: 1:01pm On Jul 10, 2017 |
Welcome |
Re: China Invests $600m In Kano’s Textile Industry by seunny4lif(m): 1:01pm On Jul 10, 2017 |
Great news The world needs China more than China needs the world. China knows how to do business. But why did our government abandon that factory 1 Like
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Re: China Invests $600m In Kano’s Textile Industry by seunny4lif(m): 1:02pm On Jul 10, 2017 |
smithsydny:With the Chinese 1 Share
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Re: China Invests $600m In Kano’s Textile Industry by nengibo: 1:02pm On Jul 10, 2017 |
Finally something good from d north 2 Likes |
Re: China Invests $600m In Kano’s Textile Industry by teamsynergy: 1:03pm On Jul 10, 2017 |
seunny4lif: no true.... its a mutual thing.... if u produce and no one wants to consume nko.... 3 Likes |
Re: China Invests $600m In Kano’s Textile Industry by coptic: 1:04pm On Jul 10, 2017 |
Nice |
Re: China Invests $600m In Kano’s Textile Industry by Aburi001: 1:04pm On Jul 10, 2017 |
Rick9:Which FTC ? 2 guys they before you bro.......lol |
Re: China Invests $600m In Kano’s Textile Industry by Nobody: 1:04pm On Jul 10, 2017 |
seunny4lif: 4 Likes 1 Share
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Re: China Invests $600m In Kano’s Textile Industry by successjohnny(m): 1:06pm On Jul 10, 2017 |
This is good news. The textile industry employed many before. It can do much more with this. 1 Like |
Re: China Invests $600m In Kano’s Textile Industry by bunchyproject(m): 1:08pm On Jul 10, 2017 |
realjoker: |
Re: China Invests $600m In Kano’s Textile Industry by personal59: 1:17pm On Jul 10, 2017 |
great I JUST READ AN INTERESTING PIECE BY DR. NDAGI ABDULLAH ON THE WALL OF Johnson Andrew. I POST HERE AN EXCERPT THAT SOLVED A PROBLEM THAT HITHERTO BOTHERED ME. It was Professor A.E. Afigbo, who is himself an Ibo man and who is also the greatest Ibo scholar of Ibo history ever, that wrote on the 24th page of his book titled ‘ROPES OF SANDS’, that the Ibo people originated from Nupe. Professor Afigbo emphatically added that the Ibo race originated from the general Bida area and not from Israel or the Middle East. I want to repeat that Professor A.E. Afigbo categorically emphasized on that page 24 of his book that the Ibo people did not originate from Israel or the Middle East but that the Ibo people originated from KinNupe. Professor Afigbo is not a small authority – he is such an almighty authority in Ibo history that to this very day no Ibo man or woman have equaled him in Ibo history. So great was his knowledge of Ibo history that he was made the first chair and HOD of the Department of History at the University of Nigeria, Nsukka. He remained the emeritus professor of Ibo history at the University till his death. Go and get that book, Ropes of Sands, by Professor A.E. Afigbo and open to page 24 to read in his own words how this learned Ibo Professor demonstrated in irrefutable terms that the Ibo people were a Nupe people who originated from KinNupe. The book Ropes of Sands is available in all libraries across Nigeria, even at the College of Education, COE, Library in Minna. Alternatively you can order for the book on Amazon. Apart from Professor Afigbo, there is also Professor Gloria Emeagwali who is the Professor of History and African Studies at the Connecticut State University in the USA. She is an Ibo woman and she is one of the greatest professors of Ibo history in the world today. Professor Gloria Emeagwali also wrote in several of her works that the Ibo people originated from KinNupe and not from Israel. Professor Gloria Emeagwali is still alive and you can contact her for confirmation. Those of you reading this article and living in the USA can easily walk into Professor Gloria Emeagwali’s office at the University of Connecticut so that she can tell you why she, the leading Ibo professor of Ibo history in the world today, is saying that the Ibo people originated from KinNupe. There are other internationally renowned Ibo professors, including Michael Achigbu and Frank Martins, who all wrote that the Ibo people originated from Nupe and not from Israel. So, we have all these internationally acclaimed Ibo professors with their formidable credentials all saying that the Ibo people originated from Nupe and not from Israel… … And, yet, here we are today with a stark illiterate called Nnamdi Kanu telling the Ibo people that they originated from Israel. Akin Omoz-Oarhe #copied 4 Likes |
Re: China Invests $600m In Kano’s Textile Industry by 989900: 1:17pm On Jul 10, 2017 |
Sanusi and Dangote. The power plants are impressive. |
Re: China Invests $600m In Kano’s Textile Industry by Sleyanya1(m): 1:19pm On Jul 10, 2017 |
Welcome Development. That's if it's not misused. |
Re: China Invests $600m In Kano’s Textile Industry by eblazer(m): 1:20pm On Jul 10, 2017 |
its amazing how chinese are taking over the African continent ,without much stress and we are applauding them as though we were initially blind to our plight ....kano textiles has long been in operation but due to mis-management,carefree attitude,it suffers what china is coming to revive ,soon the Government and our people(company staff) will be at the mercy of their kung fu ! 3 Likes 1 Share |
Re: China Invests $600m In Kano’s Textile Industry by seunny4lif(m): 1:25pm On Jul 10, 2017 |
teamsynergy:People must consume, we both know that one. China remain the Best for Africa
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Re: China Invests $600m In Kano’s Textile Industry by seunny4lif(m): 1:26pm On Jul 10, 2017 |
eblazer:
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Re: China Invests $600m In Kano’s Textile Industry by Nobody: 1:29pm On Jul 10, 2017 |
Thanks for bolding the major news cus I can't read shiiit |
Re: China Invests $600m In Kano’s Textile Industry by jurgyvideos: 1:36pm On Jul 10, 2017 |
Great news |
Re: China Invests $600m In Kano’s Textile Industry by OneManLegion(m): 1:42pm On Jul 10, 2017 |
Good news. Foreign investment remains the best way out of these austere times. Rick9:
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Re: China Invests $600m In Kano’s Textile Industry by Virtualaccounts: 1:48pm On Jul 10, 2017 |
Please visit www.virtualaccountant.ng for bookkeeping, accounting and tax compliance services for your small business and start up. 08029753761 1 Share
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Re: China Invests $600m In Kano’s Textile Industry by davillian(m): 2:01pm On Jul 10, 2017 |
Chinese are not stupid. They will make billions of dollas and pay nigerian workers peanuts. Seems the north are already preparing for the separation of Nigeria. |
Re: China Invests $600m In Kano’s Textile Industry by teamsynergy: 2:19pm On Jul 10, 2017 |
seunny4lif: not just africa .. trru out the globe.. If u import, u'd know this |
Re: China Invests $600m In Kano’s Textile Industry by seunny4lif(m): 2:21pm On Jul 10, 2017 |
teamsynergy:
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