Fidelity bank banner Atiku Obi Campaign banner Okowa 2019 gubernatorial campaign Camano 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 Share on Google+

Views: 1,372


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 Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Harmattan: NEMA cautions against arbitrary bush burning

BREAKING: Buhari’s wife sues Fayose

Bonga Oil Spill: Impacted communities in Delta, Bayelsa...

2019: Igbos in Canada root for Atiku and...

Forum builds network to fight corruption worldwide

APC sues Jonathan over Aug. 9 Osun governorship...

Tambuwal, Sokoto lawmakers set to defect to PDP...

OELA drops new single ‘Suffering No More’ to...

Bauchi, Jigawa Governors discuss security with Buhari

Kidnapped Abuja Bishop found in Delta

Today’s weather: Expect sunny and hazy conditions —...

BREAKING NEWS: Militants kill 5 policemen, 2 soldiers...

 

Latest News Court sacks Jerry Gana, reinstates Donald Duke as SDP Presidential Candidate 2019: INEC may disqualify 1 presidential candidate, 3 vice presidential candidates, 40 others Supreme Court refuses to hear 14 election cases 2019 elections will define Nigeria’s future –US ambassador Protesting youths block Enugu-Onitsha expressway 2019: Rousing welcome awaits Buhari in Ebonyi, says Governor Umahi Lawmaker sued over failure to repay $10,000 borrowed to fund campaign 2019 budget: Reps uncover errors, discrepancies in MDAs allocations Delta 2019: Don’t vote those who have already lost election — Hon. Iduh •Tilije, Obielum, Okonta, others storm Aniocha North FG’s Tradermoni scheme is a form of vote-buying: Election Observer FG unfolds plan to hike VAT, tax luxury items 5,000 containers trapped at ports as Customs bans third-party clearance

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (442,458 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (400,975 views) Shameless Genevieve Nnaji exposes breasts in public (334,785 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (287,801 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (252,969 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (231,840 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (216,086 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (197,369 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (184,632 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (172,892 views) Lagos plane crash: Journalist releases victims’ names (170,400 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (156,299 views)

 

JAMB 2019 Reg

CBN banner

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (76) Business & Economy (3,978) Business Verdict (55) Columnists (987) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (581) Features (704) Global Business Monitor (314) International (3,016) Interview (170) Live Commentary (28) Love Matters (151) Maggie's Blog (122) News (42,646) Opinion (1,180) Pidgin (16) Politics (8,890) Religion (942) Sports (1,870) Stock Watch (36) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera