Governor of Cross River State, Prof. Ben Ayade has said that arrangements have been finalised for Henan Province of China to begin construction of a $10 billion project in the state.
This is in addition to a new China City to be built in Cross River State by the same Henan provincial government.
Fielding questions from newsmen on arrival at the Margaret Ekpo International Airport Calabar, Gov. Ayade disclosed that the state will also witness the arrival of 100 investors from Henan who will set up various companies and industries in the state.
According to him, other team of investors would focus on various key projects including huge agricultural investments, renewable energy, the garment factory, hydro power projects and the seaport.
“We have a large group coming in for agriculture, huge investments coming in terms of renewable energy. We have a large group coming in terms of garment factory, we have a team also coming in to invest in hydro power project and the seaport”, Ayade emphasised.
He disclosed that a logistic hub for the whole of Africa that would focus on the manufacturing sector will also be founded in the state, adding that with the necessary arrangements on ground, his earlier budget of N350 billion for the 2016 fiscal year, would be surpassed.
On the Carnival Calabar touted as the largest street Party in Africa, Ayade noted that it will be awesome, filled with new excitement and a deepened content.