Amosun attracts $1.2bn Chinese investment to Ogun

Amosun attracts $1.2bn Chinese investment to Ogun

Saturday, April 16, 2016 9:45 am

Governor Amosun, second right, and his hosts in China

Governor Amosun, second right, and his hosts in China

Ogun State Governor, Ibikunle Amosun, recently took part in a one-week work visit to China alongside President Muhammadu Buhari, other state governors and ministers, in the course of which investments worth over $1.2bn were attracted to the gateway state.

During the visit, the Ogun State Governor participated in the Nigeria-China Business Forum, which drew attendance from about 100 Nigerian businesses and 300 Chinese firms.

Apart from that forum, Governor Amosun was also part of many fruitful business meetings and concluded a number of agreements with the Chinese.

According to a statement by Adejuwon Soyinka, Senior Special Assistant (Media) to the Ogun State Governor, the agreements, which hold huge prospects of further enhancing the economic fortune of Ogun State, are in line with the Governor Amosun-led administration’s Mission to Rebuild the gateway state.

Some of the agreements announced and signed during the visit include a $1 billion deal for the establishment of a Hi-tech industrial park in Ogun-Guangdong Free Trade Zone located at Igbesa.

In the course of the visit, the Ogun-Guangdong Free Trade Zone and CNG (Nigeria) Investment Limited also signed an agreement valued at $200 million for the construction of two 500MT/day float gas facilities.

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