The Gatoson Holdings Limited, a Hong Kong-based investment company has signed a Memorandum of Understanding (MoU) with Multitech Concepts Construction Outfits Limited and Huntergreen Investicorp Limited to establish the Economic Community of West African States (ECOWAS) financial centre, international market and other valuable infrastructure.
The statement revealed that all parties intended to develop the ECOWAS commercial trade market while Gatoson would introduce various qualified Chinese manufacturers and licensed re-sellers in all sectors to sell the products in Nigeria.
“The project is to be completed in a period of three years from the date of getting the governmental approval and will serve as a trade and manufacturing haven for distributors, manufacturers, wholesalers, importers and exporters at the same time bring about the enhancement of the implementation of the ECOWAS protocol of free movement of goods and persons,” it explained.
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 said: “The idea of ECOWAS International Market has been structured out and all the cooperative parties aim to spend over $10 billion to develop the project and the development is scheduled to be under four phases.
“The proposed international market is to be built on 30.12 hectares of land in Nigeria. It is the first of its kind in the African continent with world class infrastructure, international financial centre, manufacturers’ direct sales commercial trade centre, highest quality five star hotel in Nigeria, amongst others.”