A leading Chinese green industry company, Elion Resources Group, has signed a Memorandum of Understanding (MoU) in Nigeria as part of its exploration of investment opportunities in the country in the areas desertification control, agriculture and development of new energy resources.

Elion President, Wang Wenbiao, who led the company’s delegation to Owerri weekend, signed the MoU with Imo State Government.

Imo State, with an estimated population of five million, is the fifth largest Nigerian state by gross domestic product and one of the states with high reserves of natural gas.

The two parties expressed their readiness to unlock and harness the potential of natural gas resources to increase domestic and industrial power supply, raise people’s standard of living and support sustainable economic growth and diversification.
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