KGSG Signs Seven MOUs During Investment Summit

The Kogi Economic and Investment Summit 2018 has come and gone, the event which was largely successful, occasioned the signing of seven Memorandum of Understandings (MoUs), between investors and the Kogi state government.

The Memorandum of Understandings (MoUs) were signed between local and foreign investors. Four MoU was signed by energy companies, two by agricultural companies and a tourism company.

Two of the memoranda, power and tourism were signed respectively by Power China International Group Limited and Ghaba International on the first day before the Vice President of the Federal Republic of Nigeria, Professor Yemi Osinbajo.

One of the investors Power China International Group Limited is to build a build 10MW solar power plant and provide a 33KVA lines for its evacuation to local grid. Another investor, Ghaba International has agreed to build a 20 storey building tourist facility on the top of Mount Patti that would attract tourists from not just Nigeria, but all part of the world.

Delivering his keynote address, the Vice president Prof. Osinbajo, who was the guest of honour described Governor Bello as an both ambitious and far-sighted young man, because was privy to a document that outlined a 32-year Master Plan for the state, which was developed by the current government.

Speaking the Commissioner for Finance, Asiwaju Asiru Idris said the investors were carefully selected after various rigorous screenings and presentations, the process were duly certified by the Ministry of Justice for several months. He said the summit was not only a talk shop but one that has already wielded results without delay,”

 

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