President Muhammadu Buhari on Wednesday appreciated Nigerian youths in the international market.
Buhari who averred that Nigerian youths are very energetic, innovative and ready to work stated this with prospective Chinese investors in a separate meeting.
He assured Chinese investors of secured environment and encouraged prospective Chinese investors of high-level support for their investment plans in Nigeria.
“We are endowed with abundant human and material resources”, he said.
The full statement issued by Garba Shehu, Senior Special Assistant to the President on Media and Publicity President Muhammadu Buhari at the Forum on China and Africa Cooperation (FOCAC) in Beijing on Wednesday assured existing and prospective Chinese investors of high-level support for their investment plans in Nigeria.
In separate meetings with prospective investors, President Buhari said Nigeria is endowed with abundant human and material resources as well as a young population that is very energetic and innovative and ready to work.
He encouraged Chinese companies and entrepreneurs to take advantage of the improved business environment in Nigeria to invest in key sectors of the economy.
Acknowledging the contributions of Chinese companies in Nigeria in developing the country’s infrastructure, the President noted that there was still more to do. The Ruyi Group, a leading Chinese company, had met with the President with a plan to invest $200 million for an industrial park in Kano State, cotton farms in Funtua, Katsina State and textile and garment manufacturing establishments in Aba, Abia State and Lagos.
The proposed investment will cover the entire cotton value chain, farming, ginning, spinning, weaving and power generation to support the processes. Ruyi Group Chairman, Mr. Yafu Qui told President Buhari that they settled for Nigeria after one-and-a-half year search for an African hub because of the country’s population, abundant human and material resources and a ‘strong leadership’ that has diversification agenda for the country.
