Efforts of the Cross River State Governor, Prof. Ben Ayade to attract
investments into the state received a major boost in far away China with
a province, Henan, making a firm commitment to invest multi-billion
dollars in the state.
The Henan Provisional Government unveiled
its plans to invest in Cross River at a meeting between its
Commissioner, Mr. Jiao Jinmiao and Governor Ayade in Zhengzhou. The
planned investments include an industrial city where cars and spare
parts would be manufactured.
The Chinese are also committed to
building power plants, bonded warehouses and a distribution centre in
the state. Plans for the development of a huge manufacturing base and
modern infrastructures in the state were also firmed up.
Jinmiao
also disclosed plans by his province to lead a delegation of about 100
companies to Cross River. The intention, he said, is to have these
companies set up different industries in the state.
In a related
development, the Cross River State Government has signed a Memorandum of
Understanding (MoU) with some Chinese rr, led by China Machinery and
Engineering Corporation (CMEC) to make Calabar the first smart city in
Nigeria.
Ayade on behalf of Cross River State signed the MoU,
while Mr. Wang Qingxin, the vice president of CMEC signed on behalf of
his company.d
The agreement, which was signed at CMEC corporate
headquarters in Beijing, China, seeks to make Calabar the first 4G smart
city in Nigeria.
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