Chinese Businessmen Flood Cross River

In Breaking News, Business & Economy, International News, National News, Reports

by crossriverwatch admin

Cross River State Governor, Senator Liyel Imoke (m) flanked by Mr.Wei Henghan, Managing Director, Lianonig Chambers of Commerce Mr. Yang Wenyi(L) and Mr. Sun Wenzheng and another member of the trade delegation who paid a courtesy visit to government house, Calabar.
Cross River State Governor, Senator Liyel Imoke (m) flanked by Mr.Wei Henghan, Managing Director, Lianonig Chambers of Commerce Mr. Yang Wenyi(L) and Mr. Sun Wenzheng and another member of the trade delegation who paid a courtesy visit to government house, Calabar.

Two weeks after a Chinese trade delegation from Changchun City, China had made known its intention to establish a truck manufacturing plant in Calabar, another Chambers from the world’s second largest economy have arrived the state with more business fortunes.

A delegation from Lianonig Chambers of Commerce, China led by its Managing Director, Mr. Wei Henghan, visited Calabar to explore areas of partnership with Cross River State and Nigeria at large.

Fielding questions from newsmen shortly on arrival at the Calabar Free Trade Zone, Henghan maintained that their areas of interest will cover exploration of solid minerals, automobile, agriculture, manufacturing of building materials cum accessories and tourism.

He further disclosed that their visit to Cross River was intended to build on existing economic and trade relationship between Nigeria and China while other members of the delegation expressed their satisfaction with the reception accorded them by the government and people of the state.

The Chairman/ Chief Executive Officer of Mark-Sino International FZE, Mr. Yang Wen Yi, said having being in the Calabar Free Trade Zone for 13 years, the visit of the delegation could not have come at a better time.

“I wouldn’t hesitate to recommend Calabar as an investors’ safe haven and business destination to any company due to its peaceful nature and immense natural resources’ the chairman concluded.

The General Manager Mark-Sino International, Free Zone Enterprise, Calabar, Mr. Promise Okoi, explained that before the visit, a group of Chinese companies had expressed interest to invest in Nigeria particularly, Cross River State.

Okoi disclosed that arrangement were under way to secure an expanse of land by a Chinese company to establish a mechanized farm in the state as well as a substantial space for international standard hotel and conference Center.

He explained that when completed, the projects would create over 5000 jobs for Nigerians.

General Manager, Calabar Free Trade Zone, Mallam Sadiq Kassim, attributed the sudden interest expressed by the Chinese investors to invest in the country to the conducive business environment made possible by President Goodluck Jonathan led administration through its transformation agenda.

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One commentOn Chinese Businessmen Flood Cross River

  • Let us not be carried away by this investment frenzy but look deep into this Mou’s and see what we stand to benefit in the Long run.Obama has earlier warned us to look keenly into foreign investors profile and aim before allowing them to “kill us”

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