A delegation of Chinese investors have revealed plans to invest $200 million dollars to boost Jigawa State’s agriculture and mining sectors.
The investors who have been in discussions with the Jigawa State government for quite a long time are to invest the funds in chemical fertilizers, agricultural equipment and solid mineral development.
Mr. Zinyong Lu, leader of the delegation, after inspecting the Maigatari Export Processing Zone in Maigatari Local Government Area, spoke to news men said he has visited Jigawa two times and has seen potentials for business in Jigawa and Nigeria as a whole.
According to Mr. Lu, the Chinese intention is to invest in chemical fertilizer production, irrigation and production of agricultural equipment, in partnership with the Jigawa State government which is willing to boost its agricultural sector.
Describing the project as a step-by-step development and not a one-time affair, Mr. Lu says they intend to spend between $15 million and $200 million dollars with a guarantee. He also expressed happiness with the export processing zone in the state, describing it as a brilliant idea.
The export processing zone (EPZ), according to the Chinese delegation is an added advantage to Chinese firms wishing to invest in the state as it is located on the Nigeria/Niger border.
While applauding it as a brilliant idea because of its proximity to Niger, Chad and Cameroon whose products and goods depend on Nigeria, he added that this tax free trade zone in Maigatari Local Government Area similar to the ones in China, will bring reward.
All things going working well and as planned, the investors would begin operations in the state by the end of 2016 after meetings and discussions with the state government has been concluded.