Business Owerri Chamber of Commerce Signs MoU with Chinese Businessmen

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LequteMan

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According to its President, Mr. Kevin Mbawuike, the Owerri Chamber of Commerce, Industries, Mines and Agriculture has signed a Memorandum of Understanding (MoU) for the establishment of industries in Imo with a team of Chinese businessmen.

Speaking with newsmen in Owerri on Thursday, Mr Kevin said investors from China and their local partners would establish industries in the areas of agriculture, energy, food processing, manufacturing, transport and housing under the agreement.

Mbawuike said the initiative facilitated by the Minister of State for Foreign Affairs, Mrs Viola Onwuliri, was to create employment opportunities for Nigerian youths.

Mbawuike noted that lack of government support had been a reoccurring problem in Imo, noting that the problem did not start with the present administration.

He blamed the low industrial presence in the state on the difficulty faced by businessmen in assessing funds either from the Bank of Industries, SEMDAN or the CBN.

He added that the chamber was making effort to improve the situation.

"This week, we are paying a contest visit to the Commissioner for Commerce and Non-Formal Sector, and we are hoping that government will start listening to the business community in Imo,’’ he said.

Mbawuike also stressed the need for Imo people to invest in small and medium industries, noting that it would help to engage a lot of young men and women who graduate from schools.
 

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