M a r k e t N e w s

US to set up manufacturing plant in Africa

Posted on : Monday, 24th November 2014

 The US consul general to Nigeria, Jeffry Hawkins, revealed this recently during a meeting with the state governor Adams Oshiomhole.

Hawkins said the US$250mn fertiliser plant was being planned by the Overseas Private Investment Corporation of the US government.

Hawkins revealed, “We are here because we are proud that the Overseas Private Investment Corporation of the US government is planning to make a US$250mn investment in Nigeria. We are happy that this fertiliser plant will have the support of the US government.”

The project will be expected to create about 1,500 jobs for Nigerian youth.

Governor Oshiomhole thanked the US government for the planned investment in the state saying, “We trust we can count on your support. We are happy to see that a US agency is supporting a fertiliser plant here and this shows the confidence the world has in the growing Nigerian economy.”

Source : www.africanreview.com
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