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Chinese Investors To Employ 150,000 Nigerians By 2020

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Chinese Investors To Employ 150,000 Nigerians By 2020

chinese investors nigeria

March 22, 2014 – Chinese Investors To Provide Jobs For 150,000 Nigerians

Over twenty investors from the Republic of China who are on a business tour in the country have indicated their readiness to invest about $300 billion to boost Nigeria’s economy.

The investors, who held a business forum on Wednesday with the Ogun State Governor, Senator Ibukunle Amosun in his office in Abeokuta, were led by the Chief Executive Officer (CEO) Shangai Engineering Works Nig. Ltd and Blue Diamond Investments, Mr. Festus Mbisiogu, are among China’s Fortune 500 selected companies that are involved in Agriculture, Power, Aviation, Housing and Railway development.

Each of the delegates according to Mbisiogu, is expected to pump in a whopping $15billion into selected areas of interest, a situation which would fetch Nigeria over $300 billion.

His words, “The positive multiple effect of the money the Chinese businessmen are bringing into Nigeria, would reduce unemployment in the country and also ensure that the issue of epileptic power supply which is undermining industrialisation, becomes a thing of the past”, Festus stated.

Mbisiogu, who disclosed that the delegates already have strong presence in other African countries having invested much money in Ivory Coast and Ghana, decided to come to Nigeria to share China’s experience with the people. He stated that apart from ensuring steady power supply in the country as well as making positive impact in the economy, the firms would make it possible to achieve Nigerians dream of becoming one of the strongest economy globally by the year 2020 would be a reality. He further stressed that “the investment is a stepping stone towards helping the federal government to actualize its target of offering 150,000 thousand Nigerians gainful employment”.

Addressing the team of investors who went in the company of representatives of China-Africa Investment Club, Governor Amosun stated that, “This is almost three years I have been in office and one country that has been supportive and close to Ogun State is China. Indeed, the Chinese Ambassador and Consul General always come to us. There are areas we are interested in which are Agriculture, Railway, Airport etc. and we will like to partner with China to develop these areas.”

Ogun State Governor Amosun said “ Ogun State has the largest base of industry in Nigeria because of its proximity with our sister state Lagos and that has given us the privilege of becoming the gateway to west Africa sub-region market.” He added that “Ogun State is home for industry, while Lagos is home for commerce and we allow private investors to enable us grow.” He expressed optimism that in the next three to six months, that the investors would have established there companies here in Nigeria.

[Vanguard]

5 Comments

5 Comments

  1. Benjamin maku

    March 22, 2014 at 9:52 AM

    Very soon these chinko murderers will colonise Nigeria this is a wake up call for all Nigerians in diaspora to come home and invest

  2. Mbulu Awam

    March 22, 2014 at 9:54 AM

    Are they not the people maltreating Nigerians in their own land by 2020 they will take over the economy and possible run for election

  3. red

    March 22, 2014 at 10:22 AM

    They say that half bread is better than none,is left for Nigeria govt to wake up and do something concerning the security problem we have,I don’t think there will be much investors interested in investing if security of that country is not guarantee.let’s keep our fingers cross.

  4. Consort

    March 22, 2014 at 3:00 PM

    Naija na yeye. See peeps wey dey use us do mumu since, we still neva ready to shine eyez. Pity…

  5. Danti

    March 23, 2014 at 11:44 AM

    Our problem is intellectual laziness, our leaders are stupid people that want and love to be a subordinate to foreign entity(ies). China and Nigeria were in the same economic coordinates in 1980, but since then, Nigeria has lost focus. The direction between the two has been inversely proportional; the Chinese has successfully established national policy, but our obodo country continues to languish in absolute mediocrity. Now Nigeria prefers to grovel before former classmate, what a shame? Thanks to our leaders for fulfilling the will of the devil, but remember the penalties you will pay for the lost soul that are victims of your shits. Repentance does not qualify you to heaven automatically, but only if you embrace the will of the CREATOR!

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