Elion Resources Group has advanced its exploration of investment opportunities in Nigeria. The Chinese firm would be investing in the areas of desertification control, agriculture and development of new energy resources.
Elion President, Wang Wenbiao led the company’s delegation to Owerri, Nigeria’s fifth largest state by gross domestic product, to sign a Memorandum of Understanding (MoU).
According to Wang, the company and Imo State Government were considering forest restoration, clean energy, electricity, and power based on clean energy as likely areas of cooperation within the shortest possible time.
Wang expressed optimism that the Chinese firm would help the country boost its economy, education and poverty alleviation.
Nairametrics had reported Nigeria’s $2 billion cotton deal with Shandong Ruyi International Fashion Industry, a Chinese firm. The Memorandum of Understanding (MoU), would involve cotton growing to ginning, spinning, textile manufacture and garment in Katsina, Kano, Abia, and Lagos States.
The Minister of Industry, Trade and Investment, Okechukwu Enelamah who announced the deal, disclosed that the investments will comprise aggregation and off-take of cotton from farmers for ginning, spinning and weaving and manufacturing at least 300 million metres of African print.
The agreement will implement the production of cotton and denim garments for export and local consumption by Ruyi Group in Abia, Lagos and Kano states.
About the Chinese firm
Elion Group was founded in 1988 in a saltern in Kubiqi, one of China’s deserts and later developed into a national enterprise, aiming at restoring eco-environment.
Committed to preventing land degradation and transforming desert back to cities, the company has developed Kubuqi mode to restore the ecology of Kubuqi Desert. Based on the Elion’s experiment, Kubuqi International Desert Forum, the only desert forum worldwide, was established in 2007 and has received global acclaim.
The achievement of Elion Resources Group has been recognized by UNEP and UNCCD and now it is broadening its business to other environmentally related areas. In March 2015, Elion became the first Chinese company that joined the program of RE 100 initiated by the Climate Group and has promised to realize the aim of using 100% renewable energy by 2030.