Chinese companies to invest in Nigerian smart city

Following discussions between China’s Henan province commissioner Jiao Jinmiao and Nigerian Cross River State Governor Ben Ayade, Chinese firm Henan International Cooperation Group is set to invest in major construction projects in Nigeria.
November 24, 2015 Read time: 2 mins

Following discussions between China’s Henan province commissioner Jiao Jinmiao and Nigerian Cross River State Governor Ben Ayade, Chinese firm Henan International Cooperation Group is set to invest in major construction projects in Nigeria.

Among the planned investments are a power plant construction, warehouses, an industrial city for the manufacture of cars, car accessories and spare parts, and a distribution centre in the state. Plans to build ultra-modern infrastructures were also discussed.

Following discussions with Jiao Jinmiao to lead a delegation of over one hundred Chinese companies to the state with the aim of encouraging them to set up business there, the Cross River State Government has signed a memorandum of understanding (MoU) with some Chinese firms via China Machinery and Engineering Corporation (CMEC) with the aim of making the well-developed seaport of Calabar the first smart city in Nigeria.

Calabar port has become an increasingly attractive alternative to both Lagos and Port Harcourt ports which are prone to logistical difficulties and severe congestion. It is easily accessed and can serve as an import and export processing centre for the whole of eastern Nigeria. Calabar’s airport is only a 15-20 minute drive from the port.

Related Content

  • January 26, 2012
    Is GIS modelling the answer to the implications of age?
    Geoff Zeiss of Autodesk talks about the convergence going on between GIS and other software systems which will revolutionise the design and construction of nations' utilities. The issue is that we're getting old. But forget the discovery of body hair in places it never used to be, whether or not to dye, contact lenses versus glasses - in fact, put aside entirely the decision to age gracefully or outrageously; the personal implications pale next to the effects on wider society. Faced with the problem of how
    Read More
  • July 6, 2012
    Visteon terminates China deal but increases investment in Korea
    Visteon Corporation and Huayu Automotive Systems Company have agreed to terminate the non-binding memorandum of understanding (MOU) with respect to a potential transaction that would have combined the majority of Visteon's global interiors business with Yanfeng Visteon Automotive Trim Systems. According to Don Stebbins, Visteon chairman, chief executive officer and president, “both parties worked hard to move the agreement forward, but there were a number of items that kept us from doing so.”
    Read More
  • March 26, 2020
    Driverless Russia: Look – no hands!
    Russia is betting on the importance of driverless cars as the country’s transport system develops in the years to come.
    Read More
  • February 5, 2015
    London’s cycle superhighways get the go ahead
    London’s streets will become more accessible for cyclists now that the Transport for London (TfL) Board has approved plans for the construction of four new cycle superhighways and upgrades to the four existing cycle superhighway routes as part of the Mayor’s Cycling Vision. The schemes, which will cost around US$243 million to deliver between now and the end of 2016, will help treble the number of cycle journeys made over the next ten years and transform London’s streets and spaces to places where cyclis
    Read More

Highlighted Content