Edo State-based Chinese firm, Yongxing Steel Company, has said that Nigeria’s current challenges are not enough to discourage investors from maximizing the advantages of investing in the country with its huge population.
Managing Director of the company, Frank Wang, at a stakeholders’ interactive session.
Wang said his firm has created 700 direct employment as well as 10,000 indirect jobs however, there is a sharp division among the workers on whether there is a need for them to have an organised workers union in the over 10-year-old company.
Represented by the spokesman Ben Den and his address read by the Assistant Public Relations Officer of the company, Olufemi Isaac, the steel company boss however expressed the firm’s willingness to support the country.
He encouraged other foreign investors not to run away from Nigeria.
He said: “I want to use this opportunity to encourage other foreign investors not to run away from Nigeria. There is no economy that does not have difficulties. Our duty is to support the nation in her efforts to surmount those difficulties.
“Those of us in the construction sector need to be more patient with Nigeria, a growing economy that is on the rise. With the huge infrastructural gap in the country, the construction sector will continue to grow and any foreign investor in that sector is not likely to regret it in the end,” he stated.
The Managing Director stated that the firm’s waste to wealth programme has created hundreds of employment opportunities while also ensuring a cleaner environment just as he attributed the success story of the company to the support of stakeholders, particularly the staff and the host community.
