Kogi State Governor Ahmed Ododo rolled out plans for the Ajaokuta Economic City free trade zone with Chinese and Turkish investors at a meeting in Abuja, and the project is supposed to pull in 500 million dollars per year while creating 50,000 jobs. The governor thanked President Bola Tinubu for backing the initiative and said local universities would supply skilled workers for the 4,000-hectare site that already has power infrastructure, rail connections, and waterway access locked down.
Chinese delegation head Li Zhensheng called the zone a flagship deal between Kogi and Hunan Province and promised manufacturing and logistics support. Turkish investor Hasan Güngör from ÖZTÜRK HOLDING said his company would fund oil and gas projects without dumping costs on the government.
The framework got signed by Aliyu Salami for Kogi State, Li Zhensheng for Zhuzhou Municipality, and Isyaku Rabiu from IRS Group as the development partner. Investors from multiple countries showed up to scope out opportunities in the zone that offers tax breaks and full capital repatriation.
Chinese delegation head Li Zhensheng called the zone a flagship deal between Kogi and Hunan Province and promised manufacturing and logistics support. Turkish investor Hasan Güngör from ÖZTÜRK HOLDING said his company would fund oil and gas projects without dumping costs on the government.
The framework got signed by Aliyu Salami for Kogi State, Li Zhensheng for Zhuzhou Municipality, and Isyaku Rabiu from IRS Group as the development partner. Investors from multiple countries showed up to scope out opportunities in the zone that offers tax breaks and full capital repatriation.
