Investors are building a $500 million agribusiness park in Abia state



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PowerChina and Swiber Africa set up an agro-industrial park in Abia State to boost industrialization and boost foreign currency earnings. Estimated at over $500 million, the project aims to create 20,000 direct jobs and hundreds of indirect jobs. The project crosses communities in the Bende Local Government Area, including Ugwuoke, Alayi, Abiriba, Ozu Item, and Ohafia. At a project signing ceremony in Abuja on Monday, Dr. Orji Uzor Kalu, said the four industrial parks would be considered mega-projects, and that everything handled in the parks would be a mega-project. He pointed out that it can be exported and earn foreign exchange. “The project involves the construction of an agro-industrial zone that includes crop growing and processing facilities for rice, cassava, cashews and related products. The integral part is that everything is geared towards export. ” He said that since the Nigerian National Petroleum Corporation no longer contributes to the association’s accounts, efforts should be made to increase revenue and chart a new course for the economy. “I hope the federal government can help us. We need a dam. Customs and the government should declare this area a free trade zone.”“It will create thousands of jobs and incomes for governments and interest groups. It will create economic activity that will benefit the state of Abia and Nigeria as a whole. This is a public-private partnership project and we look forward to starting and completing the project. ” He said the Abia state government would join the initiative and that Gov. Okezie Ikpazu was already aware of this. “I’m here in an advisory role. I leave politics every day and come back to this business,” SWIBER Africa chairman Emeka Eboh also said the four industrial parks would create huge jobs, noting that they would be beneficial to all parties. “This partnership will lead to better results. This will go down in history as a first in Abia state,” he said. Diego Tian, ​​CEO of PowerChina Nigeria, said the project will have a positive impact on the lives of Nigerians, especially citizens of Abia State. “The project aims to establish an agro-industrial zone that includes crop growing and processing facilities for rice, cassava, cashews and related products. In a year or two after him, the food security of the Nigerian people will be improved. self-sufficiency will be greatly improved.

Samuel Alexander

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