Relief may soon come the way of Nigerians, as Sinoma International Engineering Company, a leading subsidiary of the CNBM Group, has expressed interest in siting its renewable energy technology manufacturing industry in the Nigeria’s Evergreen City.
To this end, the company’s Chairman, Yin Zhisong, hosted Nigeria’s Special Presidential Envoy on Climate Action (SPEC), Ajuri Ngelale, to a dinner in Beijing, where the potential partnership formed the crux of their discussions.
Sinoma’s interest in Evergreen City, Presidency officials say, is not unconnected with the vote of confidence in the President Bola Tinubu-led administration’s green industrial vision for Nigeria.
Ngelale said: “After a long journey to Beijing from Accra over the weekend, Nigeria’s endeavour to achieve value chain localisation in renewable energy technology manufacturing took a significant step forward.”
as I was hosted by the Chairman of Sinoma International Engineering Company, Mr. Yin Zhisong, to a dinner in the Chinese capital.
“A leading subsidiary of the CNBM Group, which boasts $85 billion in assets under management, 200,000 employees, 11,000 patents, and 26 R&D Institutes, Sinoma expressed strong interest in siting its formidable renewable energy technology manufacturing industry in Evergreen City as a strong demonstration of their belief in H.E. President Bola Tinubu’s green industrial vision. It was a productive and memorable introductory session.”
The Chinese firm’s move would boost the country’s efforts to achieve value chain localisation in the sector. IN a related development, the SPEC joined a virtual discussion with a combined technical team from the U.S. Department of Energy and the U.S. State Department to discuss Nigeria’s development of a circular economy and a new initiative to co-create industrial clusters and consumer credit-tied financing packages.
The initiative to unlock Nigeria’s envisioned $1 trillion GDP in an inclusive manner is to create opportunities for all Nigerians.
“Following the hours-long evening reception, I joined a very important (1:00am Beijing time/1:00pm D.C. time) virtual discussion with a combined technical team from the U.S. Department of Energy and the U.S. State Department with respect to a follow-up on Nigeria’s development of a circular economy and the new programmatic, project-driven, private sector-led, and public sector-enabled initiative to co-create industrial clusters and consumer credit-tied financing packages to unlock Nigeria’s envisioned $1 trillion GDP in an inclusive fashion that creates opportunity for all Nigerians,” the presidential spokesman added. (The Guardian)
