The Cross River State Governor, Ben Ayade, has announced plans by his administration to site a pharmaceutical company in the state.
He said the company would be in operation on or before the first quarter of 2017.
According to the Governor, the initiative emanated from not only the conceptualisation of two of his major projects – the deep seaport and the superhighway – but the peace and tranquillity in the state.
He said that the peaceful atmosphere had attracted large foreign participation at the just concluded Carnival Calabar, culminating in investors pouring into the state.
The Governor, who was visited on a courtesy call by the would-be investors, Healthage Nigeria limited, disclosed that, his administration would continually support any investor interested in the state with provision of land in a best business location to invest on.
Governor Ayade urged investors to also consider adding up a cosmetic section to an aspect of the factory for larger sales, considering the high demand of cosmetics by households.
He assured the investors of huge turnaround of their products in the state and country at large.
The Governor commended the team for the commitment shown towards the course, assuring them of the state government’s total support towards its realisation in the shortest possible time.
Making a presentation to the governor and some of his aides on the company’s mandate, the Director, Operations, Healthage Nigeria limited, Farhan Ahmad Khan, expressed his firm’s readiness to carry out the job aimed at emulating Pakistan in showcasing the World Health Organisation’s (WHO) approved factory with registered products from the National Agency for Food Drug Administration and Control.
Mr Farhan said the pharmaceutical company would among other things; prevent capital flight by producing drugs that were hitherto being imported into the country, thereby replicating their wealth of experience in Cross River State.