Sunday, March 9, 2014

Oyo Govt Welcomes Chinese Investors Partnership in Car, Buses Production

In a major move towards industrialising the state, the Oyo State Government has finalised arrangements with three different groups of Chinese investors on the establishment of car, buses and tractor manufacturing companies in the state.

Governor Abiola Ajimobi, while welcoming the investors, who paid him a courtesy visit in his office, said the development was the result of his several trips to China during which he met with various groups of investors on the need to assist his administration in its efforts at industrialising the state and improving its economy.
 
The Chinese investors include those from Shaolin Bus Manufacturing Limited, Geely International Corporation and Camaco-YTO Group, which is into manufacturing of agricultural equipment.
 
The business visit was accompanied by representatives of the National Automotive Council led by the Director, Industrial Infrastructure, Mr Waheed Kolapo Odetoro.
 
Looking forward to inking the agreements, the governor said that the move was aimed at making the state an industrial hub and investors’ destination of choice in the country as he also pointed out that, discussions with the manufacturers had reached an advanced stage on the development of a blueprint on the projects.
 
The Governor described the state as the largest agricultural centre in terms of land mass in the South-West zone and the largest producer of cassava in Nigeria, with the largest concentration of agricultural research institutes in the country.
 
While laudable comments have been made on this move, many still contemplate on pre-requisite conditions for the companies to take Nigerian citizens well-being and fair treatments as priority and that, deepening into non-privileged, un-exposed internationally communities should not be taken as an advantage of their profits at expenses of innocent wages.

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