According to a report by Nigeria’s “Guardian” on September 27, the Kano State government has signed a project with China’s leading innovative technology textile company, Shandong Ruyi Technology Group, to invest US$600 million in the state to build Africa’s largest textile industrial park. Memorandum of Understanding (MoU). Signed at Ruyi’s headquarters in Jining, Shandong, China, by Secretary General of the Kano State Government Alhaji and Ruyi Chairman Qiu Yafu, the largest foreign direct investment agreement in the state in recent times will not only consolidate the industrial cooperation between the two countries, but also To promote economic prosperity and development in Kano.
Ganduye, the governor of Kano State who is visiting China, said that after seeing Ruyi Group’s world-class factory with his own eyes, he could not even imagine the number of jobs and economy that will be created when the Ruyi factory in Kano State starts construction. value. He assured Ruyi Group that the state government led by him will create a favorable investment environment for the project to be implemented as soon as possible.
Chairman Qiu Yafu said, “Ruyi Group will also explore the possibility of building a dedicated solar power station project for the textile industrial park. At the same time, we also hope to cooperate with the state government to improve the ongoing hydropower stations in Tiga and Challawa. The production capacity of the project.” Ruyi Group invests in Nigeria Textile Industrial Park Project
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