Jigawa Appraises $2bn Investment Deal With Chinese Firm

The Jigawa State government has described the $2 billion investment deal signed with Chinese firm, Hengtai Industrial Trading Company, as a game changer that will boost the state’s economic opportunities.

The state commissioner for Environment, Dr Nura Ibrahim Kazaure, stated this when he briefed newsmen on the outcome of the State Executive Council (SEC) meeting.

The commissioner revealed that the council received an update on the agreement which the state government signed with the company, as well as the progress made in its implementation.

He said under the agreement, the Chinese company agreed to invest in the Maigatari Export Free Zone across multiple sectors, boosting the production and export of various goods and services.

According to the commissioner, the state government is fully committed to providing an enabling environment and fulfilling all its mandates as signed in the agreement.

“This is one of the largest investments secured by Governor Umar Namadi’s administration. Once it takes off, it will provide numerous opportunities that will boost job creation and economic growth in Jigawa State, Nigeria, and Africa,” Hon. Nura stated.

The commissioner further revealed that the council has approved the release of N517,724,025.00 in counter-funding for Phase II of the Jigawa-China Agricultural Capacity Cooperation Training Programme, under which 50 Master’s and 15 PhD students from Jigawa are undergoing training in China.

He reiterated the commitment of Governor Namadi’s administration to partner with any investor, government, or partner that expresses interest in investing in Jigawa State in all areas where the state has a comparative advantage.