China to help build export processing zone in Nigeria
(Xinhua)
Updated: 2006-10-27 14:49
China is to help Nigeria to set up an export processing zone (EPZ) in
Nigeria's southern state of Imo, the official News Agency of Nigeria reported on
Thursday.
Neul Chukwukadibia, head of the Imo State Housing, Works and Transport
Commission, was quoted as saying that a Chinese firm had signed a Memorandum of
Understanding (MOU) with the Imo state government on the establishment of the
export processing zone in Ngor-Okpala Local Government Area.
Chukwukadibia said the MOU was signed when Imo State Governor Achike Udenwa
paid a visit to China recently.
According to the commissioner, the EPZ, when completed and put into
operation, will help boost economic activities in the state through processing
local raw materials into manufactured goods, especially those that have to be
imported now in the country. (For more biz stories, please visit Industry Updates)
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