A Chinese company, Hefei Shengwen Information Technology Company Limited, has expressed interest in investing about $2 billion in industrial development projects in Jigawa State, in a move expected to boost industrialisation and economic growth in the state.
The President and Chief Executive Officer of the company, Ren Mingyong, disclosed this during a farewell dinner hosted by Governor Umar Namadi at the Government House in Dutse after the conclusion of the Chinese delegation’s multi-day assessment visit to the state.
The proposed investment is expected to focus on the revitalisation of the Maigatari Border Free Trade Zone and the establishment of several industrial ventures aimed at boosting economic growth and industrialisation in the state.
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Speaking during the event, Mr. Ren said the company had carefully assessed the investment climate in Jigawa and was impressed by the opportunities available across key sectors.
“We have carefully assessed the business environment in Jigawa State and have seen a friendly and promising investment climate,” he stated.
According to him, discussions had already commenced on a joint venture partnership with the state government, describing it as the beginning of a productive long-term relationship.
“Our company is planning to bring about two billion United States dollars in investment into Jigawa State,” he said.
Mr. Ren explained that the company intends to establish seven industries within the Maigatari Free Trade Zone and other strategic locations across the state.
He further assured the state government of the company’s commitment to a partnership built on trust, sincerity and mutual benefit.
Responding, Governor Namadi described the investment interest as a major vote of confidence in Jigawa State’s economic reforms and industrialisation drive.
The governor said the development followed the state government’s recent investment mission to China, where the Jigawa delegation visited five provinces and nearly 40 industrial facilities in search of credible investors and development partners.
“That visit convinced us beyond reasonable doubt that we had found credible and dependable partners. That was why we invited you to visit Jigawa State, and we are pleased that you honoured that invitation,” Governor Namadi explained.
He noted that the Chinese delegation toured several economic assets during their visit, including the Maigatari Border Free Trade Zone, the Maigatari International Livestock Market and the Gagarawa Industrial Park.
Governor Namadi expressed confidence that the investors had seen clear evidence of the state government’s commitment to supporting industrial growth and economic development.
He also assured the delegation that the government would provide the necessary support and enabling environment for the success of the partnership.
The governor disclosed that both parties were preparing to sign a Memorandum of Understanding that would serve as the operational framework for the proposed investment cooperation.
He described Jigawa as a strategic gateway for investors seeking access to Nigeria’s domestic market and the wider West African region.
