Kano Signs MoU With Chinese Firm On Textile Development

By Factnews on 27/09/2017

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Governor Abdullahi Umar Ganduje

 

Kano State Government has entered into a Memorandum of Understanding (MoU) with a Chinese firm, Shandong Ruyi Technology Group of China, to establish a $600million Textile Industrial Park in Kano.

  
The agreement,which was reached at the Company's headquarters in Joining, Shandong, China, was not only anchored at cementing the industrial relations between the two countries but engender economic prosperity in Kano.

A statement signed by the Director General, Media and Publicity, to Kano State Government, said the Secretary to the State Government, Usman Alhaji, said the company's chairman, Yafu Qiu, were said to have signed the agreement on behalf of Kano and the Chinese firm respectively.

According to the statement, Governor Abdullahi Umar Ganduje, who spoke shortly after sealing the deal, said the business opportunity when actualised will be the biggest Foreign Direct Investment in the state in recent time.

Ganduje, who is currently on working visit to China, informed his host that Kano has put in place facilities for textile clusters across its 44 local government areas.

Kano became the number one destination for investment opportunity not only in Nigeria, but in the West Africa sub-region.

 

 

 

Posted on September, 27 2017

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