GTB 737 banner Yudala banner

Turkish investors to pump over $100 million into Abia

By News Express on 20/11/2016

Share on facebook Yahoo mail icon Gmail icon

Views: 537


In a bid to support young and creative entrepreneurs in Abia State, particularly in Aba, the Turkish business community has pledged to invest over $100 million into the state’s economy. The development is coming on the heels of the recently held Abia-Turkish Investment Forum, where Abia State showcased its investment opportunities to foreign investors.

Collaboration between Abia State and Turkish business community, the proposed investment, which will focus mainly in the area of cloth and shoemaking, will definitely open a new business orientation amongst local manufacturers in the area, as well as create new jobs.

Speaking on the development, the state governor, Dr. Okezie Ikpeazu, informed that the move was necessitated by the similarities both countries share in the manufacturing industry.

“In September last year, I embarked on my first journey to Turkey; we feel the best thing was to begin to learn from Turkey. Abia and Turkey have so many things in common; we have over 50,000 shoemakers. We believe that our people can learn from the Turkish experience in making beautiful shoes and dresses.

“So, in our decision to drive 5 pillars of development especially Small and Medium scale enterprise, we find out that Turkey had a similar trajectory in terms of their machine and tools because, they were able to produce machines that could service the equipment they were using in their factories. Their economy is also built strong on the small and medium scale enterprise as a catalyst for rapid economic development,” he said.

To Ikpeazu, Turkey has a growing experience taken a bit from Russia and Germany, adding “the country has solid equipment, solid infrastructure base and then flourishing output in terms of beautiful and wonderful products especially as it concerns garments and leather works. Our emphasis in Abia is also on garment and leather works; that naturally took us to Turkey and we believe strongly that there’s so much learn as a growing economy in Abia from Turkey,” he said.

On his part, the Turkish Ambassador to Nigeria, Mr. Hakan Cakil commended the Nigerian business climate, saying, “we are doing our best to encourage Turkish business investment in Nigeria; this is a very important country and we are making excellent cooperation. Abia State has rich natural resources and we have a very dynamic private sector in Turkey and the Turkish private sector has a growing interest in Nigeria. So, we hope that in the coming months or years, the Turkish private companies will invest in different areas in Abia.”

•Excerpted from a Guardian report. Photo shows Governor Ikpeazu.

Source News Express

Posted 20/11/2016 4:15:51 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
Omisore battles INEC and Jega over Osun Resident...

Implications of dislocating South-East from the coastal rail...

DSS smashes kidnap gangs, nabs Boko Haram members...

Experts commend Dangote on partnership with World Economic...

BREAKING NEWS: Troops overwhelm Boko Haram, recapture Gamboru...

Defence stalls Duru’s trial with motion

Okorocha deceiving Imolites with my photograph, Iheanacho cries...

Flood sweeps away 53, displaces over 100,420

Osinbajo deplores N6bn spent on VP’s new residence...

Buhari warns varsities against unethical practices

Nigeria concludes arrangements to import crude oil from...

Expect reforms and new policies in oil and...

 

Latest News Army redeploys 52 generals, 597 other officers in major shake-up Buhari, APC leaders eat lunch in London •He is closely monitoring developments at home: Okorocha 14 killed in auto crash on Ife-Ibadan Expressway Govt. moves to regulate social media Shettima orders recruitment of 300 graduates MASSOB raps Fayose, demands release of Igbo traders detained in Ekiti Mambilla killings: Group calls for state of emergency in Taraba State Investor relocates N3.6bn project from Calabar to Abuja Rains expected today over Ibadan, Abeokuta, Lagos, Akure, Enugu, Owerri, Onitsha, Calabar, Uyo, Port Harcourt and Eket Rainy season will not stop our projects delivery, Wike assures Amosun mourns veteran broadcaster and actor Adebayo Faleti UK to invest in Nigeria’s energy sector

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (266,446 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (247,251 views) Shameless Genevieve Nnaji exposes breasts in public (201,474 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (172,505 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (169,288 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (151,116 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (130,750 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (123,502 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (115,270 views) Lagos plane crash: Journalist releases victims’ names (107,383 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (107,068 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (99,683 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,635) Business Verdict (18) Columnists (714) Complaints & Requests (92) Enterprise & Opportunities (165) Entertainment (345) Features (470) Global Business Monitor (163) International (1,461) Interviews (126) Live Commentary (28) Love Matters (64) News (26,733) Opinion (758) Pidgin (8) Politics (3,817) Religion (580) Sports (1,287) Stock Watch (20) AMA & Al Jazeera Global Update

 

CBN words on marble advert

 

 

Senator Adeleke on the dancing steps in London

 

APO Newsbreak logo

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!