Abia State, China Signs MoU for Local Content Production In the State
Labels: Aba News
The Abia State and Chinese government has signed a memorandum of understanding (MoU) for the installation of Chinese production machines in Abia, to enable high quality production of local contents in Abia state.
At the event, the Nigeria-China local government and business dialogue was in commemoration of the 45th anniversary of the diplomatic relations between Nigerian government and it's Chinese counterpart.
The commissioner for industry, science and technology in a chat with Abiaonline, disclosed that it has become very imperative for the two nations to strengthen the bilateral relationship that has been in existence between them by way of China producing in Nigeria rather than importing already made goods, maintaining that it will reduce the cost of importing goods to the country.
He itemized some of the areas the Chinese government will be investing to include production of ceramics products, maintaining that there is a enormous deposit of clay in Abia State.
Others are in the leather industry by clustering the leather makers and providing them with the state of the art machines for a global standard products of leather wares.
Chief Ikoh divulged that while the Chinese Export-Import bank had invested hug finances into the business life wire of the nation Nigeria, no south/east state has ever benefited from such gesture. This gave rise to organizing the summit by the Chairman of the Nigeria-Chinese Business council, Mr. Mathew Uwaekwe who attracted the President, Export-Import Bank of China, Jiangxi branch, Mrs. Zheng Li, Vice Governor, People's government of Jiangxi province and many other Chinese business men to fashion out ways to run the Chinese investments in Abia State.
The good part of it is that, Abia State will start producing and supplying global standard qualitative ceramics and leather materials to all the Nigerian States and west Africa in general.