$35m Investment Initiatives: Kwara Governor Excited As Chinese Investors Get The Ball Rolling
Kwara State has recorded at least two foreign investments worth $35 million with the state government submitting that this has underscored Governor AbdulRahman AbdulRazaq’s drive for industrialization and economic growth in the state.
The governor’s Chief Press Secretary, Mr Rafiu Ajakaye noted in a statement he issued in Ilorin and made available to Team@orientactualmags.com on Wednesday that the investors have gotten the ball rolling in respect of the two important foreign investments.
Sun Qing Rong, team lead of the ER-KANG Company Limited, said the firm has since concluded and flagged off its $20m lithium factory, aligning with government’s policy to grow value addition and local manufacturing capacity.
He added that the firm has more than 300 employees, who are mostly Kwarans while disclosing that the plants process lithium into ready materials, instead of exporting it raw without any value addition.
The firm, Mr Rafiu Ajakaye noted, is also setting up a pharmaceutical company in the State of Harmony valued at more than $15 million adding that the firm will also be partnering with the state government on the industrial park.
‘This is one of the fruits of the meeting that we held with Your Excellency in Beijing about two years ago. Today, we have completed the lithium plant and it is up and running. And this year, we are starting the pharmaceutical company with the help of Your Excellency.
The factory will include two phases of construction for large infusion and small volume injection workshops, which will make up for the shortage of such products in the Nigerian market. At present, the relevant preparatory work is basically completed’ he said.
He commended the governor for providing ‘outstanding investment enabling environment for foreign investors like us’, adding that his firm has a strong social responsibility philosophy in its operating community.
Governor AbdulRahman AbdulRazaq expressed his satisfaction with the investments, which, he noted, will create jobs, encourage technology transfer, and boost the local economy.
‘We are willing to support you and others to invest more in our state’ he said.
Other members of Rong’s team are the company’s lawyer, Barrister Ibrahim Atanda; Project Architect, Arch. Sayi Yekeen; Quality Control Supervisor Shuai Hai Tao; Factory Manager Cao Zheng Hai; Pharmaceutical Manager Xie Chuan Li; and Administrative Manager Mi Guang Hua.
The statement noted that the governor’s Special Adviser on Special Duties. Alhaji AbdulRazaq Jiddah also attended the meeting-Team@orientactualmags.com Do you have any information you wish to share with us? Do you want us to cover your event or programme? Kindly send SMS to 08035023079, 08059100286, 09094171980 or get in touch via orientactualmag@gmail.com. Thank you
