Chinese Firm to Invest $50m in Nigeria’s Agriculture Sector

Chinese firm, Chinese Green Industry Company has said it will invest $50 million in Nigeria’s agricultural sector through a partnership with a Nasarawa State-based farmers’ group, Nigerian Farmers Group and Cooperative (NFGCC).

A Consultant and Representative of the firm, Li Jian made this known on Saturday, after a visit to the NFGCS Managing Director, Mr Reston Tedheke, who also doubles as the National Coordinator of the group.

According to Jian, the firm will invest in warehousing, dairy, machinery upgrade, improved seedlings, and animal feed, across the value chain.

A report by Daily Trust revealed that she affirmed being in talks with other partners from Korea, Japan and India.

“I have seen what you have here and we are going to take the project in phases. This will depend on the area of interest.

“I will talk with partners from Japan, Korea and India. The money is not the issue but how they can be properly utilized,” she said.

On his part, the Managing Director of NFGCS, expresses optimism in the prospects of this partnership.

According to him, the collaboration would create more job opportunities for locals; seeing that Nigerian-Asian partnerships have always yielded great results.

“The interest of the Chinese company and our partnership with them will further boost productivity and create more job opportunities for people,” he asserted.


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