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70 Igbo Billionaires To Turn The East To An Industrial Hub - Business - Nairaland

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70 Igbo Billionaires To Turn The East To An Industrial Hub by kettykin: 11:00pm On Dec 05, 2016
Former Minister of Power, Prof Bath Nnaji, yesterday said in Enugu that his company, Geometric Power, was working in partnership with foreign firms to generate 1,140 megawatts in Aba, Abia State to boost power supply to South-east geo-political zone of the country.

Speaking in a forum organised by Igbo Improvement Union, a socio-political pressure group in Enugu, the former minister said the first tranche of the power project, 140 megawatts power plant by Geometic would come on stream in the next six months in Aba courtesy of the intervention of the federal government to untangle the bottleneck that had hindered the project for a long time now.

Nnaji spoke as the Chairman of the House of Representatives Committee on Power, Hon. Dan Asuquo, expressed optimism that the perennial challenges facing the power sector in the country would soon be a thing of the past by the time the tseveral sub-stations presently being reactivated across the country come on stream.

He, however, asked Nigerians to be ready to pay “for steady power because uninterrupted power supply is not cheap.”

Asuquo who spoke when the committee from the National Assembly embarked on inspection tour of Mbalano Sub-Station in Isikwuato Local Government Area of Abia State, among other sub-stations within the South-east zone, also urged stakeholders in the sector and communities hosting NIPP facilities in the country to work together with a view to creating an enabling environment for the execution of projects in the sector.

He asked beneficiaries of the ongoing power projects across the country to desist from demanding outrageous way-leaves and compensations from government and contractors handling projects in the country insisting that it had become imperative for all the hurdles threatening the delivery of uninterrupted power supply in the country to be cleared.

He underscored the need to clear all hurdles that would militate against the smooth delivery of projects being executed by the Transmission Company of Nigeria (TCN) whose managing director, Onyeka Uwa, an engineer, was also in the delegation.

But on his part, Nnaji said: “The project, Aba integrated power project (Aba IPP), the issue that held it from coming on stream is being resolved with the full support of the federal government; the Minister of Power, the Permanent Secretary, President, the Vice President; they are working very hard to see that this thing is fully resolved. Once it is resolved, we think that within the next six months Aba should see power.”

He said his company is partnering with General Electric and Orascom of Egypt respectively to build two separate 500 megawatts

power plants in Aba to bring the total to 1,140 megawatts.

Nnaji said he has bought into a renewed campaign to repatriate the wealth of Igbo people scattered in all parts of the world back to Igboland

He said that part of the effort was the coming together of 70 Igbo billionaires headed by former Managing Director of Diamond Bank, Dr. Pascal Dozie, to come up with a development plan for economic integration of South-east Zone to form the industrial hub of Africa


According to Nnaji, move to attract Igbo business men home was already yielding results when the Chief Executive of Coscharis Group, Chief Cosmas Maduka, heeded the call by Anambra State Governor, Willie Obiano, to return home and set up Coscharis Farms, the biggest agricultural endeavour in the zone currently.

In a remark, the coordinator of Igbo Improvement Union,  Ugo Agballah, stated that Igbo need to focus more on economic independence than wasting so much time on politics, stressing that Nnaji had spent over $500 million on power projects in South-east, which he said is the largest single investment in the zone.

He said his group would partner Nnaji and his group for the development of the zone.


http://www.thisdaylive.com/index.php/2016/12/05/geometric-power-will-generate-1140-megawatts-in-six-months-says-nnaji/

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Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by kettykin: 11:02pm On Dec 05, 2016
The first stage should be a channel to the sea for the export of manufactured shoes, leather wares from Aba, spare parts from Nnewi and commercial goods and services from onitsha . Should be followed by uninterrupted power supply, then a steel plant, refinery and petrolchemical plant, then unleashed by appointment
Plastic plant

162 Likes 9 Shares

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by ibkgab001: 11:05pm On Dec 05, 2016
Will that stop them from producing fake items

56 Likes 4 Shares

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by Nobody: 11:07pm On Dec 05, 2016
Very easy. Site manufacturing hubs in Aba and Onitsha.

Site Agro-Allied companies in Ebonyi state.

Site tourist centres in Owerri, Imo state.

Enugu remain, tourism can still be improved there, as well as improvement of infrastructure as it is the undisputed capital of Igboland.

118 Likes 10 Shares

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by kettykin: 11:07pm On Dec 05, 2016
ibkgab001:
Will that stop them from producing fake items

Name a fake item produced by igbos with proof then I will answer that question

193 Likes 13 Shares

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by kettykin: 11:10pm On Dec 05, 2016
Vessi:
Very easy. Site manufacturing hubs in Aba and Onitsha.

Site Agro-Allied companies in Ebonyi state.

Site tourist centres in Owerri, Imo state.

Enugu remain, tourism can still be improved there, as well as improvement of infrastructure as it is the undisputed capital of Igboland.
Owerri and enugu can still be for light assembly of manufactured parts while Aba and Onitsha should host heavy manufacturing.

38 Likes 2 Shares

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by ibkgab001: 11:10pm On Dec 05, 2016
Thank God they are not God they would have invented fake Air we breathe in grin grin grin grin awon fake goons

22 Likes 1 Share

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by Nobody: 11:16pm On Dec 05, 2016
kettykin:

Owerri and enugu can still be for light assembly of manufactured parts while Aba and Onitsha should host heavy manufacturing.

Yup. Igbo's are developed in Technology and manufacturing hub. It is where we excel most. All top countries with plenty job opportunities and employment rates are Technology inclined, they manufacture for local markets and export excess. If we can turn SE to indigenous technology and manufacturing hub of Nigeria, Our land will be glorified. We can do it! All Billionaires must return to SE and site up companies and industries, these things develope our homeland and provide jobs for our intelligent youths. Not just building beautiful mansions, that too is great but we can do more.

36 Likes 4 Shares

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by chiefobdk(m): 11:39pm On Dec 05, 2016
ibkgab001:
Will that stop them from producing fake items


didn't u see whr dey said dey ll produce steel. maybe dey ll produce zinc to help change afonja Brown roof. they will also produce toilet to help ibadan. u kno say na one toilet for 5 streets

178 Likes 13 Shares

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by DozieInc(m): 11:49pm On Dec 05, 2016
Nice development, it's time we maximize our human resources.

5 Likes 1 Share

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by ibkgab001: 12:25am On Dec 06, 2016
you need to read again and again

2 Likes

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by Ajusshi: 1:01am On Dec 06, 2016
undecided
Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by Nobody: 7:00am On Dec 06, 2016
My name will be on the list soon!

Mek I cash out dis my big moneys on both MMM UNITED and MMM NIGERIA. 0703.101.6759
Whatsapp me to participate

1 Like

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by Nathan2016: 9:16am On Dec 06, 2016
And you will still buy it..Onye Ara grin grin grin grin.....You buy china products. cloths , fan, electronics, etc and they are the second largest economy in the world... so continue hating and buying grin grin....

Onye Iru Tiger Claw
ibkgab001:
Thank God they are not God they would have invented fake Air we breathe in grin grin grin grin awon fake goons

87 Likes 4 Shares

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by ojmaroni247(m): 11:09am On Dec 06, 2016
I am happy,... Now we r thinking right. This former minister Dat made me witness for the first time in Nigerian history 16hours power supply daily for 6months.i remember many generators parked up. But Nigerians let him go jst becuz of propaganda. He honourably Resigned.

117 Likes 9 Shares

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by Mrgabson: 4:51pm On Dec 06, 2016
Nice one
Btw Lagos state has more billionaires than these
Cc lalasticlala

5 Likes 3 Shares

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by Nutase: 7:12pm On Dec 06, 2016
$ cool
Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by legendte(m): 7:12pm On Dec 06, 2016
Afonjas won't like this.

I may not support the approach of IPOB but they are doing well in terms of reminding us of the need to develop home.
The new generation of Igbos are aware of this and they are responding positively.

In the hierarchy of power, economic power is the first. Biafra or no Biafra, all I want is a strong Igbo land. Nigeria is for everybody and we have to stay strong as long as we are in the union. We should be the first.

Please bring your wealth home.

35 Likes 5 Shares

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by AkinPhysicist: 7:12pm On Dec 06, 2016
cool grin OP correction: 70 FAKE Igbo billionaires. grin cool

15 Likes 1 Share

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by Nobody: 7:13pm On Dec 06, 2016
.
Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by falconey(m): 7:13pm On Dec 06, 2016
mehn I gat turn Igbo to make it 71

6 Likes

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by Weedcrusher: 7:13pm On Dec 06, 2016
This is a good development

1 Like

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by Kolade9(m): 7:14pm On Dec 06, 2016
chai....i pity the north.

5 Likes 1 Share

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by Nobody: 7:14pm On Dec 06, 2016
grin
Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by dhardline(m): 7:15pm On Dec 06, 2016
Wow that's a good one for easterners.

Please epp me biko. Kindly click the link, like the picture and the page.

https://m.facebook.com/misscomelyqueens/photos/a.874340669282684.1073741830.855403907843027/1303542769695803/?type=3&source=54

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Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by Pavore9: 7:15pm On Dec 06, 2016
Thinking in the right direction.

3 Likes 1 Share

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by okasebe(m): 7:16pm On Dec 06, 2016
Reasonable igbos are thinking of developing their lands while some miscreants are here calling for war.

Do you think this men will invest in a war ravaged area

8 Likes

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by MrMcJay(m): 7:16pm On Dec 06, 2016
Vessi:


Tomorrow, ooni of ife will continue his afonja fight with olugbo of ugbo. Tiger clawed bitter people with irritating tribal marks. *spits.

In the midst of this beautiful news, all you can see is Afonja and other tribal slurs.

You are suffering from the worst form of poverty: the inability to pay attention.

18 Likes

Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by dabossman(m): 7:16pm On Dec 06, 2016
About time. Good one.
Re: 70 Igbo Billionaires To Turn The East To An Industrial Hub by afanide: 7:17pm On Dec 06, 2016
Nice one



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