Abuja - A chinese company has earmarked over
US$30 million (N5,97 billion) for infrastructural development in Delta
Officials from North China Construction Company disclosed the
figures as the firm signed a memorandum of understanding (MoU) on
infrastructural development with the state government.
Chairman of African Division at the company, Wu Guo Qi, said
the partnership was in furtherance of China’s policy of encouraging its big
companies to help in the infrastructural development in Nigeria.
He explained the partnership would totally transform the
infrastructure of the state in order to accelerate the economic and social
development of the state as well as wealth creation through employment and
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Governor Ifeanyi Okowa said this was part of the
government’s strategy to partner with credible investors for the development of
“We welcome investors that show interest in the state and
are ready to partner with us in infrastructural development. We will partner
with companies with the requisite technical and financial capacity to deliver
quality projects that will be beneficial to Deltans,” Okowa said.
The governor observed that in the present economic downturn,
private partnership was needed to develop infrastructure.
“The state government cannot do it alone, so we welcome
partnership that will yield good results and is beneficial to the people within
the stipulated period of the contract,” he added.
- CAJ News