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

  • Sony's AI sensors in Rome smart city trial
    May 28, 2021
    Smart city project run by Envision will use Sony's IMX500 image sensors with AI processing
    Read More
  • Congestion pricing - no such thing as a free ride
    October 2, 2018
    The widespread adoption of autonomous vehicles is likely to increase congestion, many experts believe. But Wes Guckert of Traffic Group believes that tolling could provide the answer. While it is still hard to wrap your head around the idea of getting into a vehicle without a driver, the industry is now used to hearing, reading, participating in the advancement of autonomous vehicles (AVs). Those in the industry have heard about Uber delivering a shipment of Budweiser, or the convoy of driverless trucks
    Read More
  • Denso partners with Thai ITS on V2V and V2X
    July 3, 2014
    Denso Corporation and Denso International Asia (DIAT) have signed a Memorandum of Understanding (MOU) with Thai Intelligent Transport System (ITS), with the aim of easing traffic congestion through the use of vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2X) communications. In large cities like Bangkok, the number of vehicles has increased dramatically, resulting in an increase in traffic congestion and accidents. There have been growing expectations for the use of V2X communications among gov
    Read More
  • UK Spending Review ‘increases capital investment in transport by 50%’
    November 26, 2015
    UK Chancellor George Osborne announced major investments in transport in the government’s Spending Review and Autumn Statement, despite a 37 per cent cut in the Department for Transport’s (DfT) operational budget. This was offset with a planned 50% per cent increase in capital expenditure for the DfT - rising to a total of US$92 billion. In addition to protecting overall police spending in line with inflation, an increase of US$1.3 billion by 2019-20, the review includes US$70 billion capital investment
    Read More

Highlighted Content