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

  • February 2, 2012
    Potential game-changing MoU on tolling and ITS market cooperation for North America
    Kapsch TrafficCom IVHS Corporaton and Federal Signal Corporation have entered into a Memorandum of Understanding after substantial discussions during the past few months regarding ways in which the two organisations might cooperate and jointly pursue mutual business interests in North America.
    Read More
  • July 24, 2012
    In-vehicle safety standard released for consultation
    The new ISO 26262 standard for safety-related vehicle systems is now available for comment. MIRA's David Ward talks to ITS International about what the standard will mean for vehicle and road safety in the future. The publication on 8 July this year of ISO 26262 as a Draft International Standard (DIS) marks an important progression for the automotive - and, in time, the cooperative infrastructure - industries. A couple of years from now, automotive OEMs will be able to subscribe to a unifying standard for s
    Read More
  • October 28, 2019
    ARTBA president: what happened to the hoverboards?
    What keeps Dave Bauer up at night? David Arminas caught up with the head of ARTBA at his Washington, DC office during daylight hours Dave Bauer doesn’t really have many sleepless nights. He might sleep, though, with one eye open, just in case. “We have become a much more divided country politically,” says Bauer, president of ARTBA – American Road and Transportation Builders Association. “Whether you are thinking about federal government, or state or local government, there’s a hostility now in our politi
    Read More
  • December 3, 2012
    ITS projects deliver return on investment
    Light is being shed on where the real return on investment is today – growing, tangible, revenue-generating markets like ITS. There is a great deal of investment going on within the ITS space, and a great deal of external interest in investing in ITS,” says Scott Belcher, President and CEO of ITS America, which has been connecting investors with technology firms ripe for investment. Interested parties include the leading investment banking firm Raymond James. Its managing director, Gary Downing says: “ITS i
    Read More

Highlighted Content