*Invests $2.1 billion By; MOHAMMED KAWU, Bauchi The China FUHAI Energy Group has solicited the support of Federa
*Invests $2.1 billion
By; MOHAMMED KAWU, Bauchi
The China FUHAI Energy Group has solicited the support of Federal and Bauchi state governments towards the establishment and development of Petrochemical Industrial Hub in Bauchi to promote inter-regional cooperation and economic development in the state.
The Group Chairman of the Company, Mr. Sun Jiangkang during an investment response visit to Bauchi, assured that the China energy group would be very honest in undertaking the project to fruition, expressing the believe that the two countries would live up to expectation in building a successful China-Nigeria Petrochemical City.
Mr. Sun Jiangkang who disclosed that the FUHAI Energy Group would invest a whooping sum of $2.1 billion into the industrial park development that could give the Bauchi state government a stable economy, and provide thousands of people gainful employment.
He expressed the group’s delight for having the opportunity to invest in Nigeria’s petrochemical factories establishment in Bauchi, and called for continued efficient cooperation from all stakeholders, assuring that more investment companies would come to Bauchi to participate in the economic development of the state.
Mr. Jiangkang who is also the General Manager of the FUHAI Energy Group Company Limited, revealed, “Our company plans to carry out projects in three faces with one-time design. Employment number in phase one is expected to be around 50, 000 employees. The three phases will each 50, 000 employees, totalling 150, 000 employees”.
He added, “The first investment amount is about $700m that is phase one of the project, while the second and third phases would each take no less than $700m, so the total amount for the investment is $2.1billion. Each phase of the investment will see the springing up of 50 factories, totalling 150 industries”.
“Our industrial park will cover the following industries, petroleum, chemical, pharmaceutical, minerals processing, equipment mechanical processing, import and export trade. I hope that our chemical city in Bauchi will become of great industrial integration and friendship between China and Nigeria in the future”.
Jiangkang further stated, “let’s us realize our dream of industrial park development at an earlier date, which allows many people to have jobs and also allows the government to have a stable revenue.I proposed that more investment companies come to participate in the economic development of Bauchi state and Nigeria, and of course Africa”.
“Our industrial park will certainly make a great contribution to the development of Bauchi state. We have our own industrial park in china, we have also made our industrial park in Uganda. We are interested in doing a larger industrial park in Nigeria. If we are allow, we will like the size of the industrial park in Bauchi to be 100 square kilometers”.
Jiangkang also revealed that the Bauchi
industrial park will have three chemical zones and living quarters, with each chemical zone having the building of water plant, power plants, gas plants, sewage treatment, living quarters, as well as shopping mall, schools, hospitals and other social facilities or amenities.
“Our team of the China Energy Group is very very serious, and our team has done alot of work before, and we believe we can make it successful here too. We must also follow the Qur’an warning to us. Anyone who does a good deeds by a small ant will see his good, Allah Commands man to be just, to do good and to carry out His teachings. Hardship comes with easy”, he stated.
Responding, Governor Bala Mohammed recalled that the China FUHAI Energy Group Company Limited investment in Nigeria, and Bauchi in particular followed the signing of bilateral agreement between President Bola Ahmed Tinubu and Chinese President XI JINPING at the instant of the Chinese Government that came to Nigeria and were here in Bauchi.
The Governor recalled that while in Bauchi, the Chinese delegation appreciated the state’s drive for investment, and honesty and sincerity of the people in government, which culminated to the agreement on so many areas of investments, with an added agreement that one Mr. Lee Zhenshang is going to be Bauchi’s Special Adviser on investment on honorary basis.
According to the agreement, Zhenshang would help Bauchi in bringing such initiatives to fruition without impediment, especially industrial safety, free-trade zones and so forth, adding “If you are coming through a petrochemical city here in Bauchi, definitely we would require the input of our Economic Advisor Chinese”.
“Again, we have alot of common interest in ensuring that at least other nationals, other than Chinese are coming here to do their businesses, and in so doing, we provide alot of security to lives and property, to our villages to make business easy, that so many nationals are showing up to Bauchi. We are happy with the investment drive brought to the state, to the country, and even to the African continent”, he concluded.
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