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Home Economy

Chinese investors move to takeover Katsina economy with $720m projects

by Online Editor
September 2, 2025
in Economy
Reading Time: 2 mins read
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Chinese investors move to takeover Katsina economy with $720m projects
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By Faridat Salifu

Twenty-five Chinese investors, led by China Overseas Engineering Group (COVEC), last Monday, stormed Katsina State to explore the possibilities of investing in agricultural and renewable energy projects across the state valued at $720 million.

The delegation, hosted by the state government, toured multiple sites across the state to assess opportunities in rice, maize, cassava, fisheries, and livestock production.

The visit highlights Katsina’s strategic potential for establishing full agricultural value chains, combining farming, processing, and renewable energy solutions.

Plans under consideration include a 10,000-head cattle ranch, dams for maize and fisheries cultivation, and solar power facilities to support sustainable operations.

The projects are expected to integrate modern technology, including machinery assembly plants and agro-processing centers, creating opportunities for local entrepreneurs and farmers.

With initial investments of $150 million and a total proposed value of $720 million, the projects could transform thousands of hectares into productive agricultural zones.

Officials from the Nigerian Investment Promotion Commission emphasized that the initiatives are part of a broader strategy to attract long-term industrial and agricultural development to Northern Nigeria.

Local communities are expected to benefit from employment, skill development, and improved infrastructure, enhancing livelihoods and food security across the region.

COVEC’s experience in large-scale international infrastructure projects positions it to implement these initiatives efficiently, leveraging lessons from similar agro-industrial zones in other Nigerian states.

If realized, Katsina could become a model for combining foreign investment, technology-driven agriculture, and renewable energy solutions in West Africa.

The delegation visited Jibia, Mashi, Daura, Mai’adua, and Kaita local government areas to evaluate land, resources, and infrastructure for the proposed projects.

By integrating agriculture with renewable energy, Katsina aims to attract additional investors, strengthen local value chains, and position itself as a competitive agribusiness hub in the region.

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