Gombe State government is in talks with Chinese government and investors towards exploring and expanding the abundant business opportunities in the State.
Governor Muhammadu Inuwa Yahaya said his government has created a business-friendly environment and improved the ease of doing business in the state, and therefore is ready to partner the Chinese government and business community in expanding the state’s business potentials having been blessed with abundant human and mineral deposits.
The Governor was Special Guest of Honour at the activities marking the Chinese National Day and mid-autumn festival celebration of Chinese Industrial and Commercial Enterprises Association (CICEA) 20th Anniversary which took place at Grand Ballroom, Oriental hotels, Lekki Area, Victoria Island, Lagos.
He was represented by his Deputy, Dr Manassah Daniel Jatau.
In an address at the occasion, he said, “Today, I stand before you to discuss a topic of utmost importance: ‘Unlocking Economic Synergy Through The Opportunities And Benefits of the Gombe State Free Trade Zone for Gombe State and the Chinese Community in Nigeria.
“The Gombe State Free Trade Zone presents an incredible platform for collaboration, trade, and investment that can propel our state’s economy to new heights”.
“The Gombe State Free Trade Zone is strategically located, offering a prime business environment for local and international players. It provides a secure, regulated, and conducive space for trade and investment activities. The zone is equipped with state- of-the-art infrastructure, including roads, power supply, and communication networks, ensuring seamless business operations.
“One of the key advantages of the Gombe State Free Trade Zone is its capability to attract foreign direct investment. Today, we specifically highlight the opportunities for the Chinese Community in Nigeria, China has been a major contributor to Nigeria’s economic growth, and we recognise the significant potential for collaboration between our state and the Chinese business community”.
The deputy governor further noted that the Gombe State Free Trade Zone offers a range of benefits for Chinese investors Market access, just as the state provides an untapped market for Chinese products and services.
He said, “By establishing a presence in our free trade zone, Chinese companies can gain direct access to the Nigerian market, reaching millions of potential consumers. Our state is committed to creating an enabling business environment. The Gombe State Free Trade Zone offers streamlined administrative procedures, tax incentives and simplified customs processes, making it easier for Chinese businesses to invest and operate in our state.
“Trade partnerships through the free trade zone, Chinese companies can establish partnerships with local businesses in Gombe State This collaboration can facilitate technology transfer, knowledge sharing, and capacity building, benefiting both sides and fostering economic growth.
“On the Industrial development, the Gombe State Free Trade Zone provides opportunities for Chinese businesses to invest in manufacturing and industrial activities. This will contribute to job creation, skill development, and the development of local industries, aligning with Nigeria’s vision for industrialization.
“Furthermore, we encourage Chinese investors to explore opportunities in key sectors such as agriculture, renewable energy, mining, and tourism. Gombe State boasts of abundant agricultural resources, renewable energy potential, mineral wealth, and diverse tourism attractions. By investing in these sectors, Chinese companies can contribute to the economic development of both Gombe State and Nigeria as a whole.
“Ladies and gentlemen, the Gombe State Free Trade Zone is a game-changer for our state’s economy, with immense opportunities for the Chinese community in Nigeria. We invite you to partner with us, invest in our state, and reap the benefits of the economic synergy that will result from this collaboration. Together, we can propel Gombe State towards a prosperous and sustainable future”.