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Nigeria Attracts $16bn Investment for New Industrial Plants

Delta State government expects to create 500k jobs

Dr Emmanuel Uduaghan, governor of the Delta State says that Saudi Arabia and India are ready to invest in petrochemical and fertiliser plants, in a move that will see the creation of 500,000 jobs.

Dr Uduaghan said that the Delta States’ place as an “Export Free Zone” and the development already underway (projects including duel carriageways, Asaba Airport and the Independent Power Project (IPP) all factored towards making the $16bn deal possible. Export Free Zones provide tax benefits for companies looking to operate in the region.

Dr Udughan described the deal as one of the heaviest investments in the country. Adding: With the cooperation of everyone, the future is very bright.

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