Chinese investors to build cement factory in Sokoto, Nigeria

Chinese investors to build cement factory in Sokoto, Nigeria
03 October 2008

A group of Chinese investors are expected soon in Sokoto for the setting up of a cement firm in Tambuwal in the state.

Governor Aliyu Wamakko of Sokoto told the executives of the state’s Chamber of Commerce, Mines, Industries and Agriculture, who called on him yesterday in Sokoto that the investors would look into the possibility of establishing agro-allied industries in the state.

He said that the cement firm would be a joint venture between the investors and the state government.
Wamakko reiterated that the state government would continue to give soft loans for the establishment of small and medium enterprises (SMES).

“That was why we recently guaranteed loans of over N2 billion for traders from a commercial bank in the state,” Wamakko said. He pledged that his administra-tion would continue to provide the needed conducive atmosphere for all forms of businesses to thrive.

“We will continue to provide all the required incentives for genuine investors. “This is the only way the state’s socio-economic development will blossom,” Wamakko stated.

Responding, the president of the Chamber, Alhaji Tambari Ahmed, said that businessmen in the state were now happy as the sub-sector had “started bouncing back”.
Published under Cement News