Related Keywords: biggest foreign direct investment, establishment of USD600million Textile Industrial Park in Kano, flourishing textile industry, Kano State government, Shandong Ruyi Technology Group of China, shredded by recession, signing a MoU, Textile plants in Nigeria, venture is seen as lease of life
Many textile plants in Nigeria have been shredded by the recession the continent’s giant economy has suffered recently but with the Kano State government signing a Memorandum of Understanding (MoU) with Shandong Ruyi Technology Group of China for the establishment of $600million Textile Industrial Park in Kano. This venture is seen as lease of life to the once flourishing textile industry.
The Secretary to the State Government, Alhaji Usman Alhaji and the company’s Chairman, Mr. Yafu Qiu, signed the agreement at the weekend at the company’s headquarters in Jining, Shandong, China.
