Kano state government wants alternative financiers for the construction of a proposed China town in the state capital, following the failure of some Chinese investors to execute the project as agreed in a Memorandum of Understanding (MOU) they signed with the government before now.
State governor, Abdullahi Umar Ganduje, made this call while exchanging views with Chinese business men from Henan province, China. He stated that the initial investors failed to meet up with the terms of the MOU.
Recalled that in early 2015, some Chinese financiers signed an MOU with the government, for the acquisition of 250 houses and 41 hectares of land at the Amana city, in Kano metropolis, to construct a China town adjacent to the city, at the cost of about N5 billion.
The governor, however, pointed out that the investors, who agreed to pay the money for the property acquired within three months reneged. and started playing ‘pranks.’
“The prank being play by the investor had forced us to doubt whether they are really Chinese because we know people from that part of the world normally honour agreements”, the governor stressed.
Governor Ganduje therefore, urged the visitors to looking into the possibility of investing in the projects as well as the abandoned Kanawa market, initiated by the Shekarau administration, in view of their potential for mutual economic benefit.
“Our doors are also open for you to invest in agriculture in Kano in view of our vast water resources and arable land. We shall create the enabling environment for you”, the governor assured, pointing out that his administration and indeed the Federal government under President Buhari are averse to corruption.
The leader of the delegation, Richard Lu, explained that they were impressed with the land they saw in Kano and would want to invest in agriculture, fertilizer production and irrigation as well as mining of Kaolin, a mineral found richly in Kano.
Join BusinessDay whatsapp Channel, to stay up to date
Open In Whatsapp
