Nnewi,NADDC Partner to Establish Auto Industrial Park

Nnewi, a city in Anambra State, is partnering with the National Automotive Design and Development Council (NADDC) to establish an auto industrial park, funded by the African Export-Import Bank (Afreximbank).

According to a statement, NADDC said the goal was to create a mutually beneficial relationship, where Afreximbank would provide funding and possibly other resources.

“The park aimed to provide a centralised location for the manufacturing and assembly of automotive components, vehicles, and related products,” the statement said.

Joseph Osanipin, director-general of National NADDC during a visit to Eric Intong, regional chief operating officer of Afreximbank on the partnership agreement emphasised the significance of the Industrial Park, describing it as a new solution to the challenges confronting parts manufacturers in Nigeria.

“This will also invigorate the automotive sector and propel Nigeria towards a future of enhanced job creation and economic prosperity,” he said.

Intong, Afreximbank’s regional officer expressed his enthusiasm for kickstarting the Nnewi Auto Industrial Park and also assured of Afreximbank’s readiness for a productive partnership with the council.

The statement said this collaboration comes at a time when Nigeria’s auto financing landscape presents obstacles for consumers and manufacturers alike.

However, while efforts by banks and institutions like Autochek provide car loans, stringent lending criteria often limit access to vehicle financing.

“The establishment of the Nnewi Auto Industrial Park represents a significant step towards revitalising Nigeria’s automotive industry, with the support of Afreximbank set to drive innovation and economic development in the sector,” it said.

Tinubu Appoints Chioma Awuzie Substantive Rector, Fed Poly Oko

President Bola Ahmed Tinubu has approved the appointment of Dr. Chioma Irene Awuzie as the substantive Rector of Federal Polytechnic, Oko, Anambra State. Dr. Awuzie's appointment, which takes effect immediately for a five-year term, follows the recommendation of the Polytechnic's Governing Council, chaired by Sen. Dr. Barnabas Gemade, after a transparent and competitive selection process where she emerged as the leading candidate. Prior to her appointment, Awuzie, who holds a Doctorate Degree in Physical and Materials Chemistry, was a distinguished Chief Lecturer in the Department of Science Laboratory Technology (Chemistry Option) and also Director in-charge of Tertiary Education Trust Fund (TETFund) Projects in the Polytechnic. Under her stewardship, Federal Polytechnic, Oko, witnessed unprecedented advancements in infrastructure and institutional transformation. Her leadership facilitated monumental developments across the Polytechnic’s campuses in Oko, ...

#Watchvideo : SECURITY FORCES BURST THE CAMP OF UNKNOWN GUNMEN IN AKOKWA

Security Forces in the state through a coordinated intelligence report has bursted the camp of the unknown gunmen at Akokwa, Arondizuogu after a long gun duel which resulted to the death of some of the criminals and others arrested. These criminal elements have been known to be behind several attacks in the state such as the killing of police men in Mbaise, Aba Branch in Ehime Mbano, burning down of police stations, attack and attempted kidnapping of former Governor Ikedi Ohakim, abduction of Miss. P.P. Johnson, a female soldier in Okigwe and recently the attack in Akokwa that left many dead. It is obvious that these daredevil gunmen have been perpetuating their evil plans unabated until yesterday when their camp was bursted by security agencies. This is another assurance that our security operatives are leaving no stone unturned in the fight against banditry and other related activities. While it has become obvious that the activities of these non state actors are politically motivate...

BREAKING: 2Baba Shot Dead In Rivers State

A notorious cult leader and the prime suspect in the brutal murder of the late Divisional Police Officer, SP Bako Angbashim, in the state, Gift Okpara, popularly referred to as 2Baba, has been reportedly killed in a police-led major security raid. The police and other security agencies were said to have conducted land and aerial raids at the identical hideout of the Iceland cult leader and his gang at Idu-Ekpeye in Ahoada East local government area of Rivers on Saturday, February 17. According to The Nation , the Iceland cult leader was reportedly feared dead after the operation. Recall that in September 2023, the late DPO was ambushed and captured by the cult group led by 2Baba in the Odiemudie community, Ahoada East LGA. 2Baba and his gang then took the DPO to the forest, where they killed him and dismembered his body. The cultists then filmed him. Another source, Obi, said he saw no less than 15 vehicles and an Armored Personnel Carrier (APC) during th...

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