Three bodies, Waltersmith, United Nation Industrial Development Organization and United Nations Economic Commission for Africa have signed a technical support agreement with respect to the development of an Industrial Park by Waltersmith, the first of its kind in Nigeria, which will attract petrochemical, pharmaceutical, research and other light manufacturing companies that feed off the hydrocarbon value chain.
The industrial park is being developed with the support of the UNIDO and UNECA as part of Nigeria’s country programme with the Ministry of Industry, Trade and Investment. “This signing ceremony essentially flags off the industrial park development and we are excited about the technical support UNIDO and UNECA are willing to provide to Waltersmith as this will help us attract several companies to the park area. Our goal is to create an industrial cluster in Ibigwe and help reduce manufacturing costs, position the South- Eastern region as a major manufacturing hub and take advantage of the African Continental Free Trade Agreement which the Nigerian government has currently signed on,” said Abdulrazaq Isa, Chairman Waltersmith Group…
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News Archive from before July 2018