Enyimba economic city news

Enyimba Economic City (EEC) is a proposed economic city located in Aba, Abia State, Nigeria. Here are some recent news updates about the project:

  1. Groundbreaking ceremony held: The groundbreaking ceremony for the Enyimba Economic City was held on October 14, 2020, marking the official commencement of construction work on the project. (Source: Vanguard News)
  2. N1.5 trillion investment: The EEC is expected to attract a total investment of N1.5 trillion, making it one of the largest economic cities in Africa. (Source: ThisDay Live)
  3. Creation of 500,000 jobs: The project is expected to create over 500,000 jobs, both direct and indirect, in various sectors, including manufacturing, logistics, and services. (Source: The Guardian Nigeria)
  4. Infrastructure development: The EEC will have modern infrastructure, including a deep seaport, international airport, and a 10-lane highway. (Source: Leadership Newspaper)
  5. Industrial parks: The city will have several industrial parks, including a textile park, a food processing park, and a pharmaceutical park. (Source: Daily Trust)
  6. Free trade zone: The EEC will be a free trade zone, allowing businesses to operate without tariffs and other trade restrictions. (Source: BusinessDay)
  7. Partnership with Chinese investors: The EEC has partnered with Chinese investors to develop the project, with the Chinese government committing to invest $1 billion in the project. (Source: Premium Times)
  8. Environmental impact assessment: The EEC has conducted an environmental impact assessment to ensure that the project is environmentally friendly and sustainable. (Source: The Nation Newspaper)
  9. Land acquisition: The Abia State Government has acquired over 10,000 hectares of land for the EEC, with plans to acquire more land as needed. (Source: Punch Newspaper)
  10. Timeline: The EEC is expected to be completed in 10 years, with the first phase of the project expected to be completed in 5 years. (Source: The Cable)

These are just a few of the recent news updates about the Enyimba Economic City project. The project has the potential to transform the economy of Abia State and Nigeria as a whole, and it is expected to have a significant impact on the region's development.