17 January 2010

Nigeria: Chinese Investors to Establish Granite Quarries, Sugar Cane Plantation in Ekiti

Abuja — A group of investors from China's Shan Dong Province has said that the Shan Dong Province would establish granite quarries and sugar cane plantation in Ekiti State as soon as necessary formalities were completed.

Speaking during a meeting with the state governor ,Engr.Segun Oni, over the weekend, leader of the Chinese team,Mr. Zhang Zhi Lin, who said his team was in the state to assess its business opportunities disclosed that his organisation had already established a mega quarry worth N2 billion in Ibadan , the Oyo State capital.

Mr. Lin who said that his team was impressed with what it has seen, stressed their readiness to join hands with the state government in its quest to turn the economy of the state around.

On his part, the governor assured the investors that his administration would continue to provide the necessary incentives for any one wishing to invest in the state.

He said his administration was walking tirelessly towards making Ekiti a haven for investment through the provision of good network of roads, world- class infrastructure, as well as safe, secure and investment friendly environment

Oni further disclosed that apart from taking steps to complete the long abandoned 132/33Kv sub- station in the state capital, his administration had concluded plans to establish six injection sub - stations as part of steps to boost electricity.

Governor Oni urged the august investors to take advantage of the abundant human and material rersources as well as favourable business climate in the state .

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