UBACLE Group, a Nigerian company, has inked a significant agreement with the Chinese firm Cando Solar to initiate the manufacturing and marketing of solar-powered products within Nigeria.
Uba Michael, the CEO of UBACLE, expressed enthusiasm about the deal, stating that it marks a milestone for the Nigerian manufacturing industry. He emphasized that this partnership would not only open new avenues but also generate employment opportunities, contributing positively to the overall Nigerian economy.
Highlighting the existing relationship between China and Nigeria, Michael emphasized the commitment of UBACLE Group to collaborate with multinational entities for reducing carbon emissions and fostering a greener future, emphasizing that the focus is not solely on profits.
The deal, signed in Changzhou City, Jiangsu Province, China, is seen as an extension of the bilateral relationship between the two countries, creating anticipation for positive outcomes for both parties.
According to Michael, the initial phase of the agreement will involve the marketing of Cando Solar products in Nigeria. Simultaneously, plans for the construction of a manufacturing plant are in the pipeline, and every aspect of the deal is expected to be finalized shortly.
“The marketing of Cando Solar, for which UBACLE Group holds exclusive distribution rights, has already commenced,” Michael affirmed.
Qiang Huang, the CEO of Cando Solar, expressed the commitment of his company to collaborate closely with UBACLE Group. He highlighted the shared goal of establishing a factory in Nigeria, aiming to create job opportunities and improve the quality of life for everyone involved in the project.
