Abia State Governor Alex Otti welcomes a proposed $145 million solar manufacturing plant in the state, saying the project supports industrialisation, job creation, and economic development. The investment is promoted by MD Nwakanma Nigeria Limited in partnership with Chinese technical partners and is planned for Umuelele in Isiala Ngwa South Local Government Area. Otti receives an investors’ delegation at Government House in Umuahia and says the investors have reached a final investment decision. He also states that the state government has provided the required land and is willing to offer additional support needed for implementation. The project is described as being structured through a Public-Private Partnership between the Abia State Government and the investors. An investor representative briefs Otti on the project’s progress and says the first tranche of funding is expected in September 2026, with operations projected to begin by the end of September. The parties also say the plant is expected to create jobs for youths through skills training and capacity building. Premium Times and other outlets report that Otti’s endorsement includes assurance that Abia will help address any remaining issues for successful execution.
Abia plans $145m solar manufacturing plant after Governor Otti backs investors
Abia State Governor Alex Otti welcomes a proposed $145 million solar manufacturing plant in the state, saying the project supports industrialisation, job creation, and economic development. The invest...
- Abia Governor Alex Otti supports a proposed $145 million solar manufacturing plant in the state.
- The project is planned for Umuelele in Isiala Ngwa South Local Government Area.
- MD Nwakanma Nigeria Limited promotes the initiative with Chinese technical partners under a public-private partnership.
- Abia State says it has provided the land required for the project and will offer further support if needed.
- Investors say first funding is expected in September 2026, with operations planned for late September.
According to Governor Otti, the state government had already provided the required land for the project and is prepared to address any other issues that may arise to ensure its successful implementation. The post Abia, investors partner on $145m solar manufacturing plant appeared first on Premium Times Nigeria.
4 hours agoAbia State Governor, Alex Otti, has welcomed a proposed $145 million solar manufacturing plant in the state, describing it as a significant step toward industrialisation, job creation, and economic development. The project, promoted by MD Nwakanma Nigeria Limited in partnership with Chinese technical partners, is planned for Umuelele in Isiala Ngwa South Local Government Area.Otti received the investors’ delegation, led by Dr Oko Jaja, at the Government House in Umuahia on Thursday. He expressed satisfaction that the investors had taken the final investment decision.“I am glad that at least you have reached the final investment decision where you are investing up to $145 million. This is what we stand for creating an enabling environment for businesses to grow and for people to invest,” the governor said.Otti assured the investors that the state government had provided the necessary land and remains ready to offer any further support needed for the project’s success.He emphasised that investments like this are valued not only for the capital inflow but for the accompanying benefits. “It is not just the investment; it is what goes with the investment, the jobs that it will create, the GDP that would rise, and the prosperity that it will also generate,” he added.Dr Oko Jaja briefed the governor on the project’s progress and commended the state for providing a conducive environment for investors. He disclosed that the first tranche of funding is expected in September 2026.The Chief Executive Officer of MD Nwakanma Nigeria Limited, Mr Dennis Nwakanma, said the plant would be established through a Public-Private Partnership with the Abia State Government.He expressed confidence that the factory would commence operations by the end of September, describing the project as a major milestone in renewable energy and industrial growth. The initiative is also expected to create jobs for youths through skills training and capacity building.
12 hours agoGovernor Alex Otti expresses delight over a proposed $145 million solar manufacturing plant in Abia, set to boost industrialisation and job creation. Read More: https://punchng.com/otti-hails-proposed-145m-solar-manufacturing-plant-in-abia/
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