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Innoson Group In $1billion Deal With China

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In the aftermath of President Buhari’s trip to China, Innoson Motors are set to partner with a consortium of Chinese investors to help grow Nigeria’s technology sector.

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This was revealed in a press release on Sunday by Innoson Group, through its Public Relation and media assistant, Cornel Osigwe.

The statement reads; Innoson Group Partners With a Consortium Of Chinese Investors to Pump in 1Billion USD Into Nigeria Information Technology Sector of The Economy; To include 400million USD Nigeria’s DSO Project Digital Satellite TV Station and Additional 600million USD Covering Other Important Sectors.

The Vice President, Prof Yemi Osinbajo, GCON will tomorrow monday, October 25, receive a consortium of Chinese Foreign Investment Group led by Liu Baoju, a Deputy Minister of Communist Party of China in Shandong Province who is equally the Chairman of Shandong Broadcasting Group and Shandong Cable Interactive Service Ltd, the world’s biggest TV operators and Huang Gang, Senior Vice President of Inspur Group and President of its Oversea Headquarters. Inspur Group is China’s leading cloud computer solution supplier and cloud service provider involving all IT applications.

This visit which comes as one of the gains of President Muhammadu Buhari’s visit to China will attract a foreign investment of 1Billion USD. The breakdown of the investment as currently agreed by the Chinese Consortium is as follows;

i. Financial foreign investment credit facility of $300million USD for local production and supply of a minimum five to eight Million (5-8million) Set-Top Boxes to support the Federal Government of Nigeria Digital Switch Over (DSO) project being handled by the Nigerian Broadcasting Commission in order to meet the deadline switch of June 2017.

ii. Financial foreign investment of $100million USD to establish the latest technology and biggest DTH (Direct-To-Home) Digital BING Television Station across all states of Nigeria.

In addition, the two above immediate investment is being followed by another 600 Billion USD investment in which negotiations is almost fully concluded with our strategic partners to cover the following areas of Nigerian economy;

1. Smart City (CCTV camera) using cloud computing total solution that is known as E-Policing to cover the whole landmass of Nigeria.

2. Cloud Computing Total Solution on Taxation with IT applications for such institutions as Federal Inland Revenue Service (FIRS) and other taxation agencies for seamless and stress-free tax collection mechanism.

3. E-Education IT Solutions with big data centers for all Federal Universities and Polytechnics in the country.

It is also interesting to note that the Nigerian company bringing in and partnering with these foreign investors is the Innoson Group, Nigerian’s first indigenous and largest local manufacturer of automobiles and the largest plastic processing manufacturer in West Africa.

The company as a trailblazer has decided to be part of history as one of the companies that will take Nigeria into the digital world. In order to keep up with its trend of opening new grounds, it has decided to diversify into Information Technology (IT) and the Multi Media Sector with the plan to launch a Satellite Digital TV operation and other services in partnership with Shandong Broadcasting Group and Shandong Cable Interactive Service Ltd China with technical support from Inspur Group Co Ltd, China.

This foreign investment is coming at a time when Nigeria is in dire need of foreign investors to boost the economy. The focus point of the investment will go a long way to boost the economy of Nigeria with the following as attendant benefits;

i. Assist the Federal Government meet its June 2017 deadline for the transition from Analog to Digital broadcasting services.

ii. Establishment of 40 lines of production and manufacturing complex for making Broadcast Digital Set-Top-Boxes, the biggest of its kind in the whole of Africa.

iii. Job creation of over 5000 jobs in the Innoson Group Set-Top-Box manufacturing complex in Nigeria within the next two years.

iv. Job creation of about 2000 jobs by Innoson BING Digital DTH Television operation across Nigeria with the first two years.

v. Nigeria will become the manufacturing hub for Set-Top-Box in Africa with the attendant benefit of earning foreign exchange through exports from Innoson Manufacturing Complex.

vi. Innoson Group would put into use its biggest plastic industry at Enugu by locally manufacturing most of the plastic components of the Set-Top-Box thereby saving cost.

vii. Another important benefit is that BING TV Project will engage the almost under utilised Nigerian Communication Satellite (NIGCOMSAT) situated at Obasanjo Space Centre in Abuja with its numerous benefits of saving foreign exchange by buying into Nigeria available goods and services, instead of engaging foreign satellite and transponders as all our other competitors here in Nigeria are currently doing.

viii. Providing adequate National security using cloud computing technology to secure our country against insurgency, militancy, kidnapping and all other forms of dangerous crimes.

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1 Comment

1 Comment

  1. Vincent

    January 31, 2018 at 9:04 pm

    What a shareful news,may this comes fruitful.that is what Nigeria needs at this time.i know that GOD will help chief innoson to bring this dream to pass,as he did about it car manufacturing factory.

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Lady buys carton of indomie with COVID-19 sticker in Akwa Ibom

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Lady buys carton of indomie with COVID-19 sticker in Akwa Ibom

A Nigerian lady has lamented over the insensitivity of some Nigerians who go about selling what rightfully belongs to the citizens of the country.

In a Facebook post, the lady, Inemesit Green-Nathaniel said she bought a carton of Indomie and removed a new sticker found on it. It turned out to be a covid-19 sticker, stating that the indomie is not for sale.

 

To her utmost surprise, after removing the “indomitable” sticker, she found COVID19 sticker, underneath it.

“I don’t really know what took my mind to this pack of indomie in my house, I decided to remove this new sticker from it, lo and behold at the back of it I saw Covid 19, Not for sale.

So all this while I have been buying my own right? So if you are looking for warehouse in Akwa ibom, our own palliatives has been sold out to us. HOW HEARTLESS CAN PEOPLE BE?”, She lamented.



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Lekki Toll Gate Future Proceeds Should Go To Victims Of Police Brutality: Tinubu

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Lekki Toll Gate Future Proceeds Should Go To Victims Of Police Brutality: Tinubu

Asiwaju Bola Ahmed Tinubu, former governor of Lagos state has stated that the future proceeds from Lekki toll gate be donated to victims of late endSARS protest in Lagos.

The National Leader of the ruling All Progressives Congress stated this in a statement made available to newsmen in Lagos.

 

 

Read his statement below;

“Today, I speak to those who believe in the importance of, and want to know, the truth,” Tinubu said.

“The slander aimed at me is based on the untruth that I own the toll gate concession. The hate mongers prevaricate that I ordered the Lekki assault because the protests had caused me to lose money due to the interruption of toll gate activity,” Tinubu said.

“The toll gate is a public asset. Given what has happened, I would like to propose to the government that the toll gate be left closed for an indefinite period.

“If it is reopened, revenues should be donated to the confirmed victims of the Lekki attack as well as to other identifiable victims of police brutality in Lagos.

“Let government use the money to compensate and take care of those who have lost life or limb in the struggle for all citizens to go about the quiet, peaceful enjoyment of life without fear of undue harassment at this or that checkpoint,” he said.

“Although equipped with prior notice of the imminent trespass, I did not call anyone to seek or request for the army or police to deploy let alone attack, kill, or injure those who razed and vandalized these properties.

“I did not want any bloodshed. These elements, mostly hirelings of my political opponents, wreaked their havoc and destroyed those buildings and facilities and I thank God that the employees of these two media institutions managed to escape largely unharmed,” he said.

”In good opinion, it is illogical that he allowed damage to his investments but ordered: “soldiers to repel peaceful protesters from the toll gate where I have no financial interest”.

“Why would I be so moved as to instigate the army to attack peaceful, law-abiding people at the toll gate where I have no pecuniary stake, yet lift not a single finger to stop hired miscreants bent on setting fire to these important media investments?”.

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Nigerian leaders constantly leaves me heart broken – Singer Orezi

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Nigerian leaders constantly leaves me heart broken – Singer Orezi

Orezi, famous  Nigerian singer has stated that the fraudulent and corrupt activities of Nigerian leaders constantly breaks his heart.

The singer made this known in a series of tweets he sent out recently.

According to him, political leaders should be held accountable and made to face justice when found culpable of a crime.

He wrote,

“The only reason this politician do this and have the nerve to sleep well at night is because they are not sleeping in KIRIKIRI YET , they commit all this sorts of crimes against the same people who put them in power , Oppress them and the JUDICIARY SYSTEM STILLS FAVOURS them.

“I REPEAT UNTILL OUR POLITICIANS START GOING TO JAIL FOR ALL THIS BROAD DAY LIGHT CRIMES WITH EVIDENCES STARING AT US IN THE EYE NIGERIA WILL NEVER BE GREAT

“This past week has been my worst as a Nigerian living in Nigeria , I have been sad , angry , pained , cried , I can’t mehn !! TIRED GOD GIVE US THE STRENGTH !! ITS NOT EASY, EVERYBODY GO GET YOUR PVC !! na the only way oooo ”.

See screenshots below,

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