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Investment: Australia – Cross River explore areas of collaboration


Investment: Australia – Cross River explore areas of collaboration
 By; VITALIS UGOH, Calabar
Australian Government said it will take advantage of the peaceful investment climate in Cross River State to explore areas of collaboration in solid minerals, agriculture, fabrication as well as energy sectors to compliment each other.
Mr. Jonathan Richardson, the Australian High Commissioner to Nigeria, disclosed this Saturday in Calabar when he paid a courtesy visit to Governor Ben Ayade.
Richardson said his country, which has already pitched its business tents in some parts of Nigeria was willing to collaborate with the state government as Cross River today presents itself as a more secure and safest part of the country making it suitable for investment and promised to attract more investors to the state.
Richardson pointed out that a group of Australian businessmen will soon visit the state to concretize arrangement for the formal signing of a Memorandum of Understanding (MoU) to kick-start various businesses of mutual benefits to both parties as well create huge employment opportunities in the state.
Responding, Senator Ayade, said that the partnership with Australian government will further boost his economic agenda aimed at turning the state into investment hub in sub-Sahara Africa.
“We would like to collaborate with the Australian government to explore the existing business opportunities in the state, with particular focus on the establishment of a fabrication yard which are very few in the country and all located in Lagos” he stressed.
“From our investigation and findings, there is a huge deposit of gold and tantalite in commercial quantity in Uyanga, Akamkpa Local Government Area which is why we are seeking competent miners to invest in this endowment to boost our revenue profile as well as create jobs for youths which is even more important to us as a government” he assured.


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