Edo Set To Seal $500m Vehicle Assembly Plant

Related stories

2027: Labour Party Appoints Nenadi Usman as Interim National Chairperson 

By Abiola Olawale  Ahead of the 2027 general elections, the...

Why Oil Prices Could See a Significant Upside Shift

The 9th OPEC International Seminar was held in Vienna...

Presidency Announces Gov Umo Eno as APC Leader in Akwa Ibom, Sparks Reactions

By Abiola Olawale The Presidency has announced Governor Umo Eno...

Breakdown of Buhari’s Family Entitlements

• Why Tinubu Renamed University of Maiduguri After Buhari By...

The growing investor confidence in Edo State, stemming from market-oriented reform designed to drive industrialisation, has earned the state yet another $500 million auto assembly plant deal from Chinese investors.

Edo State Governor, Mr. Godwin Obaseki, disclosed this during a working visit on Saturday, to Time Ceramics Company Nigeria Ltd, manufacturers of floor tiles at Utesi Community in Ikpoba-Okha Local Government Area of the state.

Obaseki explained that his administration is vigorously pursuing the goal to turn the state into an industrial hub and a major investment corridor by strengthening the state’s security architecture and reform of critical business-support institutions to improve the ease of doing business.

He noted that already, his team’s efforts are yielding results and assured that with the new interest to set up an auto assembly plant in the state, more job offerings are on the way.

“Several Chinese companies are already operating in the state. In a few weeks from now, we will be hosting the investors who want to set up a vehicle assembly plant in Benin City to discuss details of their investment,” the governor said.

He added that the confidence of the Chinese investors in Edo State is also as a result of the success stories of Time Ceramics and other Chinese investments in the state.

He noted that more incentives are being packaged for existing and potential investors as part of strategies to woo more investors to the state.

After a tour of Time Ceramics, the Managing Director Huang Shi Bin, expressed delight at the governor’s support for private investors and his commitment to their success in the country.

He appealed to the governor to help speed up the development of the Benin River Port, which he said would make it easier for them to access the international market, where the demand for their products is increasing.

Bin pledged to support the developmental efforts of the state government through the creation of jobs for Edo youth and quality products for the local market.

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

NDN
Latest News
2027: Labour Party Appoints Nenadi Usman as Interim National Chairperson Alleged $9.6 Billion P&ID Fraud: Fleeing Briton’s Surety Arrested, Produced In CourtWhy Oil Prices Could See a Significant Upside ShiftPresidency Announces Gov Umo Eno as APC Leader in Akwa Ibom, Sparks ReactionsBreakdown of Buhari’s Family EntitlementsThaksin touts golden visa, higher travel fees to boost ThailandDangote Refinery Halts Fuel Discount Program Over Alleged Marketers Fraud2027: Intrigues as PDP Confirms Move to Bring Peter Obi Back After Atiku’s DepartureAre You Pregnant? By Johnson Babalola2027: Buhari’s exit Cripples APC in entire North as CPC Loyalists Defect in Large NumbersDrama as 16, 17-year-olds Now Allowed to Vote In UK ElectionsSenate passes $9 billion in spending cuts to public broadcasting, foreign aid requested by TrumpBrazil’s Petrobras Weighs Return to Retail Fuel Market to Reduce PricesBase Handover: France Ends Decades-Long Military Presence in Senegal5 Oil Titans Who Revolutionized the Energy Sector
X whatsapp