NewsNiger Govt Gets Chinese Investors' Support To Boost Agriculture

Niger Govt Gets Chinese Investors’ Support To Boost Agriculture

spot_img

By Ayodele Oni

Access Bank Advert

Chinese investors are supporting the Niger State Government to boost agriculture and make the State an agro- industrial processing zone.

To this end, the State has secured an investment worth $684 million (N1.094 trillion) in the Special Agro-Industrial Processing Zone (SAPZ) from China Overseas Engineering Group Company Limited (COVEC) and China Railway Engineering Corporation (CREC).

UBA

The Commissioner for Commerce and Investment, Aminu Suleiman Takuma who disclosed this in Minna, said the State is on track to boost agricultural productivity and make the State a hub for agro-industrial processing.

Takuma explained that the State is on track to reposition itself as a major player in Nigeria’s agricultural sector, driven by the vision of Governor, Mohammed Umaru Bago.

READ ALSO:  Jigawa Suspends Commissioner Over Adultery Allegations

“We have taken a significant step towards transforming the agricultural sector through a partnership with Chinese investors and have secured an investment worth $684 million (N1.094 trillion) in the Special Agro-Industrial Processing Zone (SAPZ) from China Overseas Engineering Group Company Limited (COVEC) and China Railway Engineering Corporation (CREC).

“This milestone agreement was signed during the recent Forum on China-Africa Cooperation (FOCAC), marking a major breakthrough in the state’s efforts to boost our economy and to create job opportunity for about five thousand women and youths.”

The commissioner further disclosed that, the Niger State Government had a crucial meeting with the African Development Bank (AfDB) team, COVEC and CREC to discuss the implementation plan for the SAPZ development, which he said aims to transform agriculture into an internationally competitive sector across Africa.

READ ALSO:  National Mosque Appoints  First Igbo Man As Imam

Accordingly, he said, by focusing on high-potential commodities, the programme will promote increased productivity, value addition, market access, and private sector investment.

In his remarks, Secretary to the State Government, Alhaji Abubakar Usman said the project is expected to revolutionize the agricultural landscape as it will stimulate socio-economic growth and development in the state.

“With the support of COVEC and CREC, Niger State is not only poised to become a model for agricultural transformation in Nigeria, but will attract significant investments from local and international partners.

“The programme will boost agricultural productivity and make the State a hub for agro-industrial processing and generate thousands of employment opportunities for locals.”

Share your story or advertise with us: WhatsApp: +2348174884527, Email: [email protected]

Your Comment Here

More articles

Discover more from The Source

Subscribe now to keep reading and get access to the full archive.

Continue reading