Governor Ben Ayade of Cross River State, says arrangements have been concluded for Henan Province of China to commence construction of $10 Billion project in the state.
Governor Ayade said that the state would witness the arrival of 100 investors from Henan, who would set up various companies and industries in Cross River.
He also stated that the Henan Provincial Government would build a new China City in the state.
According to him, other team of investors would focus on various key projects, including huge agricultural investments, renewable energy, the garment factory, hydro power projects and the seaport.
Ayade further revealed that a logistic hub for the whole of Africa that would focus on the manufacturing sector would be established in the state.
He stressed that with the necessary arrangements on ground, his earlier budget of 350 billion Naira for the 2016 fiscal year would be surpassed.