Chinese Firm Invests Over $2.3bn In Nigeria

Chinese heavy construction machine manufacturing company, Sany, has said its investment in the Nigerian economy is now over $2.3 billion.

This was disclosed by the company’s service manager, Mr. Afeez Salau, while speaking with newsmen in Abuja. He noted that through its operations in the country the company had deepened and expanded the arrays of construction equipment available in the Nigerian market.

“Sany is an established global brand with presence in all parts of the world and the second largest construction and mining machine manufacturer in the world, we have been in Nigeria for 17 years.
“We have deepened the construction equipment market through our investment. In the last three years, we have had a year on year growth of 50% in the industry, and we took the biggest market share of excavators in Nigeria with the support of the Nigerian government and construction industry. With this growth we are increasing our presence across the country, with plans to establish offices in Kano and Port Harcourt apart from the existing ones in Lagos and Abuja to further contribute to the development of Nigeria,” he said.
Speaking on its future plans and technological transfer efforts Mr Afeez said Sany was currently expanding its team of service engineers who would be only Nigerians.
“We are building our sales and service team that would be comprised of only Nigerians with little support from Chinese exparts, we are recruiting technicians from the local colleges. We are going to keep improving the recruitment of Nigerians to develop with Nigeria together”, he added.