Abia, investors partner on $145m solar manufacturing plant

The Abia State Government is collaborating with a consortium of local and international investors to develop a $145 million solar manufacturing plant, marking a significant step in the state's industrial development agenda. The proposed facility, situated at Umuelele in the Isiala Ngwa South Local Government Area, is structured as a Public-Private Partnership (PPP) involving the state government, MD Nwakamma Nigeria Ltd, and Chinese technical partners.

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We are pleased that you have reached the final investment decision involving about 145 million dollars.

Governor Alex Otti expressed the state's commitment to fostering an investor-friendly environment during a meeting with the investors. He highlighted the project's milestone of reaching the final investment decision stage and assured the investors of the government's continued support. The state has already allocated the necessary land and is prepared to address any emerging issues to ensure the project's successful implementation. "We value investors because, beyond the capital they bring, they create jobs, grow the economy and improve the standard of living of our people," Governor Otti stated.

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This is exactly what we stand for. We want businesses to grow, investments to come into the state, and our people to benefit from them.

The delegation leader, Oko Jaja, presented a progress report and confirmed the consortium's planned investment of approximately $145 million, with the initial funding expected in September 2026. Jaja commended the Abia State Government for cultivating an environment that inspires investor confidence. Dennis Nwakamma, CEO of MD Nwakamma Nigeria Ltd, described the project as a breakthrough in renewable energy manufacturing for the state.

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We value investors because, beyond the capital they bring, they create jobs, grow the economy and improve the standard of living of our people.

The solar manufacturing plant will produce solar panels and related accessories, simultaneously creating employment opportunities and providing technical training for local youth. The company has already initiated training programs for young people, with selected individuals slated for advanced solar manufacturing training in China. This initiative is expected to enhance local technical expertise and position Abia State as a key player in the renewable energy sector.

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We will continue to support and protect every genuine investment in Abia.