NIPC assures Chinese company of support

Uju Hassan-Baba, Executive Secretary, Nigeria Investment Promotion Commission (NIPC), has assured a Chinese Company, New Hope Liuhe Company Ltd., of support if it decided to invest in Nigeria.

She said the commission was to encourage, promote and co-ordinate investment in the Nigerian Economy.

“Those who are investing in the agricultural sector in Nigeria, especially a company like yours is assured of abundant resources and huge fortunes,” she said.

Hassan-Baba said potentials available in the country included ready-made market for products, with no fewer than 170 million consumers in the country, and additional population in West Africa.

She also told the delegation that Nigeria had history of not having much natural disasters.

She, said the investors had made the right decision by coming to Nigeria, assuring that NIPC would assist them.

Earlier, Dang ZhiMin, Vice President, New Hope, who led the delegation, said that the team was in Nigeria to have insight and knowledge on investment opportunities in Nigeria.

He said the company was formerly known as Sichuan New Hope Agribusiness Company and was founded in 1998 and based in China.

He said the company was engaged in manufacturing, processing and selling feeds, raw material additives, milk products, and agricultural by products.

ZhiMin said the company has a turnover of over $15 billion and had a workforce of over 90, 000 staff.

Zhao Xin, General Manager, Investment and Development Department of the company and Mr Sani Dawop of Bill and Melinga Gates Foundation who facilitated the visit, were part of the Chinese team.

NAN