A multibillion-dollar modern city development project sponsored by Chinese investors, Hendai Investment Limited, is coming to the oil-rich state of Akwa Ibom, has been raised.
The mouth-watering project is billed straddling the 120-hectare landmass at Ikot Andem Itam, adjacent to the auto company, the Itu local government area of the state.
Executive Director, Africa Operations, Prince Owoediinyene Essien, who shed more light on the pioneering project, said it would generate around 80,000 direct jobs and commended the state government for signing an investor pact for the project to start in earnest, noting that Governor Udom Emmanuel was passionate about the project’s success, given his push for industrialization.
Optimistic-looking Essien said investor interests were already flooded, saying Akwa Ibom’s choice for the project was due to its peaceful environment. He said: “We have already signed an agreement with the state government to facilitate an environment and also make contributions in the security area to make sure the project takes off successfully.
The governor was cleverly represented at the event by the SSG. This is a project His Excellency does not want to leave Akwa Ibom state because the project will generate massive employment. We are evaluating a minimum of 80,000 direct employees, in addition to other multiplier effects.
The city of Hendai is located on 120 hectares of land, or approximately 1.2 million square meters of surface. And it is a mixed-band development that has an industrial center, a residential town, tourism, and central business and recreation areas. Once completed, the socio-economic narrative of the South-South will change. A lot of things will change in Nigeria.
“We all know that the housing deficit is a major challenge in Nigeria and Africa. Hence, the residential township of the city of Hendai aims to generate affordable homes for the people and surroundings of Akwa Ibom. And we’re looking at 1,600 units including a seven-story residential building, and we anticipate around 3,000 people living there. Instead, consider a minimum of 20 manufacturing industries.
Much unrest that we have today is orchestrated because of the lack of employment, of unemployment. But when young people have something to do, no one will remember to think about crime.
Ibom was choosing for his peaceful nature. The project will not be abandoned because it is strictly led by the private sector. We’re busy. You know who the Chinese are.
They are result-oriented people. Additionally, the project has a lot of local content with good track records. Hence, it is a well-planned project that cannot fail.
Source: – Avant-garde