Otti welcomes major solar plant investment in Abia
Abia State Governor Alex Otti has praised the proposed $145 million solar manufacturing plant set to be built in the state. The project, led by MD Nwakanma Nigeria Limited in partnership with Chinese technical partners, is expected to boost industrialisation and create jobs. Otti assured the investors of his administration’s support and commitment to providing a business-friendly environment. The plant will be located at Umuelele in Isiala Ngwa South Local Government Area.
What we know
- Alex Otti expressed delight at the investors' final decision to invest $145 million in the solar manufacturing plant.
- The project is a collaboration between MD Nwakanma Nigeria Limited and Chinese technical partners.
- The first tranche of funding for the project will be released in September 2026.
- Dennis Nwakanma stated that the plant will operate through a Public-Private Partnership with the Abia State Government.
- The factory is expected to begin operations by the end of September and will create jobs and support skills acquisition for youths.
