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Saturday, 22 August 2015

BUSINESS: Chinese Govt to Invest $1 billion in Nasarawa State

Chinese government is ready to invest one billion dollars in Nasarawa State in the next five years through Tongyi group as part of its strategic partnership aimed at boosting commerce and trade. This was disclosed by Mr. Yong Shubo, the general manager China public procurement in a chat with news men shortly after an interactive section with Nasarawa state government officials at government house Lafia. Mr. Shubo said that China will invest in the areas of power generation, mining, airport construction, and road construction which are expected to create jobs and generate wealth for the citizens of the state.

Mr. Shubo explained that China is looking at the possibilities of making Nasarawa State an industrial hub because of the resources that abound in the state and its proximity to federal capital.
He added that the Chinese government will equally look at the Karu international market and prepare proposal for areas of partnership and job creation.
According to him, the market is capable of creating over a hundred thousand jobs with a multiplier effect.
Earlier, Governor Umaru Tanko Al-Makura expressed confidence in the group owing to their track record in other countries of the world.
Al-Makura said that the collaboration with the Chinese investors will open up frontiers of investment opportunities and create wealth for the state.
Some observers say the governor is partnering with Chinese govt to get pity and favour from the people of Nasarawa so that APGA candidate Labaran maku won't defeat him in election tribunal.
A former Information Minister and the gubernatorial candidate of All Progressive Grand Alliance at the April 11 elections in Nasarawa State, Mr. Labaran Maku says he is confident of victory at the electoral tribunal sitting in Lafia, the Nasarawa State capital.
He said that citizens of the state should expect the state to be the first to get justice in this new dispensation.
The former minister made the declaration Thursday during a press briefing on the conclusion of their presentations at the electoral tribunal in Abuja.
Maku told the media that at the close of the tribunal presentation on Wednesday, the electoral body (INEC) failed to close its case without a single witness before the tribunal, after filing 25 witnesses and boasting of having enough evidence to counter APGA’s claim of massive irregularities during and after the election.
His words, “rather than bringing the witnesses forward, INEC withdrew its case because its witnesses turned hostile and were not prepared to testify under oath”.

Credit: LeadershipNG.

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