News Express banner Camano banner
Turkish investors to pump over $100 million into Abia

By News Express on 20/11/2016

Views: 1,451


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

 


 

CLASSIFIED ADS

 

You may also like...
Police nab 39 ‘strange men’ in Taraba

EFCC set to auction seized properties

US army loses track of $1bn worth of...

HE WHO FIGHTS AND RUNS AWAY (in) FEDERAL...

US-based philanthropic group boosts education in Abia

Pandemonium as women protest naked in Ebonyi

Déjà vu: I fear it will be unto...

Teachers Sack: Kaduna NUT calls off strike, backs...

EXCLUSIVE: Burial committee wants National Stadium named after...

Rivers APC rejects Etche/Omuma election result

NiMET predicts dust haze in northern and central...

INEC distributes sensitive materials across states

 

Latest News Husband kills wife over plan to re-marry after his death Police share ‘helpful security tips’ JAMB speaks on release of 2019 UTME results National Assembly: Why I’m backing APC’s, Buhari’s position — Tinubu Gunmen abduct three cattle merchants in Taraba Oil spills claim 2 lives in Ogoni Police warn Enugu residents against 'wonder bank operators' Two cheat death on Easter Day Anambra to launch second edition of the Operation Kpochapu Kajuru Castle attackers demand N60m for kidnapped victims Osun to recruit 2,000 food vendors for school feeding Mother, Nurse, others in police net for selling 6 hours old baby

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (470,311 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (414,765 views) Shameless Genevieve Nnaji exposes breasts in public (352,242 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (301,681 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (265,930 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (238,997 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (225,946 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (207,459 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (196,470 views) 10 cars more expensive than Jets (188,611 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (179,022 views) Lagos plane crash: Journalist releases victims’ names (178,450 views)

 

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (86) Business & Economy (4,209) Business Verdict (65) Columnists (1,017) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (607) Features (746) Global Business Monitor (344) ICT Monitor (35) International (3,340) Interview (176) Live Commentary (29) Love Matters (155) Maggie's Blog (232) News (45,190) Opinion (1,226) Pidgin (17) Politics (10,628) Religion (982) Sports (1,963) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera