A team of 25 Chinese investors, led by state-owned China Overseas Engineering Group (COVEC), has toured project sites in Katsina State with plans to inject up to $720 million into agriculture and renewable energy.
The Executive Secretary of the Nigerian Investment Promotion Commission (NIPC), A’isha Rimi, disclosed this in Katsina, represented by the commission’s Director of Strategic Services, Abubakar Yerima.
She said the investors are exploring opportunities in rice, maize, cassava, fisheries, a 10,000-head cattle ranch, and solar power.
Other proposals include a leather processing plant, agricultural machinery assembly, and a research institute for livestock breeding.
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Rimi noted that COVEC and partners have already committed $200 million in Niger State, with additional pledges of $620 million in Jigawa and $500 million in Oyo.
A similar scale of investment is being considered in Katsina, requiring about 4,000 hectares of land and an initial outlay of $150 million.
The delegation inspected potential sites across Jibia, Mashi, Daura, Mai’adua, and Kaita, with Rimi commending the Katsina State Investment Promotion Agency for its preparedness.
COVEC, a subsidiary of China Railway Group, has executed major projects in nearly 100 countries, and its Nigerian operations increasingly focus on agro-industrial development.
