Over 10 billion US dollars is to be spent to develop the ECOWAS international market in four phases to be built on a 30.12 hectares of land in Nigeria.
This was revealed when Gatoson (Holdings) Limited (“Gatoson”), Hong Kong conglomerate, entered into a memorandum of understanding (MoU) with Nigerian based companies Multitech Concepts Construction Outfits Limited (“Multitech”) and Huntergreen Investicorp Limited (“Huntergreen”) to invest and develop the ECOWAS International Market in Beijing city, People’s Republic of China, recently.
In a statement made available to LEADERSHIP yesterday, it stated that in the spirit of ECOWAS protocol and convention to facilitate trade and commerce among the West African communities, the 15 state member countries had ratified the implementation of free movement of persons and goods among the communities.
It however stated that the implementation suffered setbacks despite conscientious efforts which include the issuance of ECOWAS passports and other incentives geared at enhancing the implementation of the free movement of goods and persons protocol.
The statement maintained that it was imperative for private initiatives to be taken to support the efforts of the ECOWAS heads of states and secretariat, adding that it was in answer to that initiative that the idea of ECOWAS International Market was structured.
Noting it that it is the first of its kind in the African continent with world class infrastructure, international financial centre, manufacturers’ direct sales commercial trade centre, five star hotel, custom bonded warehouse, jetty and fuel station, among other things.