Feb 16 β€’ 10:24 UTC 🌍 Africa AllAfrica

Nigeria: FDI - Enugu Government, Haier Group Inaugurate $20m Factory, Set for $30m Expansion

Enugu State in Nigeria inaugurated a $20 million factory in partnership with Haier Group, focusing on producing various tech products and setting the stage for further investment.

On Saturday, Enugu State Governor Peter Mbah inaugurated a $20 million foreign direct investment (FDI) factory established by the Chinese Haier Group in collaboration with the state government. This factory aims to produce a range of technology products including smartphones, tablets, computers, and renewable energy solutions, significantly contributing to the local economy. Haier's Vice President Sun Yongle highlighted the factory's role in enhancing technological prowess and education in the region, indicating a robust relationship between Chinese investments and Nigerian growth initiatives.

The establishment of this factory not only signifies a direct economic input but also reflects the Enugu State government's strategy for development through foreign investment. Governor Mbah emphasized the partnership whereby the state provided the land and infrastructure for the factory's construction while also committing to purchase over 25,000 all-in-one desktops and 300,000 tablets. This move is part of broader efforts to equip the state’s 260 Smart Green Schools, thus intertwining technology investment with educational advancement.

This factory inauguration comes at a time when Enugu State is attracting various foreign investments, including ongoing projects like an electric car assembly plant and a tractor assembly plant. Such initiatives bolster employment opportunities and stimulate economic growth within the region, potentially positioning Enugu as a hub for technology and manufacturing in Nigeria.

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