Chinese Investors Ready To Establish Textile Coy In Kano- Ganduje

Kano state governor Dr Abdullahi Umar Ganduje on Monday receives in his office, representatives of one of the biggest garment companies in China, Huafang Co. Ltd. in final preparation to establishing a Textile company in the state.

“As part of the economic policies of the federal government under President Muhammadu Buhari, that importation are no longer acceptable, with the sole intention of improving our local producers, we deem it fit to welcome such investors from  China, who are to establish a textile company,” governor Ganduje said.

This was contained in a statement issued by the governor’s Spokesman Abba Anwar and forwarded to Solacebase on Monday

Ganduje according to the statement, said, “We are thanking our businessmen from Kantin Kwari market, Alhaji Umar Ibrahim Ladiyo and Alhaji Yusuf Na-Kano who have been transacting with these Chinese people from China. But because of the federal government policy, they wooed the investors to come and establish a befitting and world-class plant here in Kano.’’

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In the statement he said, federal government’s idea that instead of importing textile materials, they should be produced here, “…is a welcome development that is aimed at boosting our economic base and bringing growth and development for the nation.”

He further discloses that Kano businessmen as mentioned above were in China and discussed with the investors. Which eventually got the acceptance of Chinese investors to agree to come to Kano and establish the industry.

He added that “After their feasibility study they came to understand that Kano is the biggest market for such materials. And also the gate to Nigeria and other parts of Africa. When established, our people would also have other opportunities for employment.”

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Ganduje reveals that discussions have already started, as the investors went and saw the land suitable for the gigantic project, adding that, “They will come back so that we finalise all the arrangement for the construction to take place in earnest.”

He further explained that they would then start bringing machinery. First of all, the governor said, they would start looking for lint, so that they can establish a Ginnery “…that would convert cotton into lint, then Spinning factory would be built, that would convert lint into threads, then they would convert the threads into woven materials.”

For the easy take-off of the investment, he reveals that the state government has since discussed with the governor of the Central Bank of Nigeria, over creating an enabling environment for such investors.

“I discussed with the CBN Governor for an enabling environment for that. The Anchor Borrower arrangement in terms of improved seeds, fertiliser, so that cotton producers will produce good cotton of long filaments. That can be useful to this kind of factory, that will be coming from China,’’ said Ganduje.

The Chairman of the company Mr Wang Limin, who spoke through Miss Lee, said they are interested in the Kano market, that was why they came to invest hugely in the state, in the textile industry.

“We want to use 20,000 Tonnes of cotton yearly. Which we are going to produce 100 Million Metres of Wrappers/Materials. This is a very gigantic Investment we are bringing to Kano state and Nigeria by extension.”