UMUAHIA — Abia State has secured a $145 million solar manufacturing plant with investors reaching Final Investment Decision for the project to be sited at Umuelele in Isiala Ngwa South Local Government Area.
Governor Alex Otti announced this on Thursday following a meeting with a delegation of investors led by Dr. Oko Jaja, and Mr. Dennis Madu Nwakanma, CEO of MD Nwakanma Nigeria Limited.
According to the Governor, Dr. Jaja briefed him on the significant progress made towards the establishment of the plant in partnership with Chinese counterparts.
”I am delighted that the project has reached the Final Investment Decision stage. This is a resounding vote of confidence in the improving business environment we are building in Abia State,” Governor Otti said.
He said the state government has made land available for the project and remains committed to providing every support necessary to ensure businesses thrive and investments are protected.
The Governor disclosed that the first tranche of funding is expected by September 2026, with factory construction projected to commence before the end of the same month.
He said the project promises jobs for young people, skills development, increased economic activity, and greater prosperity for the state.
”Beyond the investment itself, the project promises jobs for our young people, skills development, increased economic activity, and greater prosperity for our State,” he added.
Governor Otti also noted that young Abians are already being trained in solar installation and related technologies, with plans for selected workers to receive advanced training in China once operations begin.
He commended Dr. Jaja, the investors, and MD Nwakanma Nigeria Limited for their confidence in Abia, saying the development further validates his administration’s vision of making the state a preferred destination for local and international investment.
Abia secures $145m solar plant, construction to start Sept 2026 ~ Gov Otti
By Nwoko
5 views
Facebook Comments Box
Comments