Press Release

Vice President, Prof Yemi Osinbajo, Set to Receive a Consortium of Chinese Investors.

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.

Cornel Osigwe
Public Relations& Media Assistant
Innoson Group



Source: http://www.trezzyhelm.com/2016/10/innoson-motors-partner-with-chinese.html

Nigerians will soon start to smile under this able administration.

The implications of the proposals are simply epic. May the almighty guide the stakeholders to ensure that they are fully realized.

Sealeddeal:
Propagandists.

Did Buhari take Innoson along while going to China?

What is the proof that this is a result of Buhari's recent visit to China?

Remarkably this press release crediting PMB with this landmark development was signed and issued by the Innoson Group. Try to wail with sense.

Waoh ..Nice one Innoson

hmmm innoson! Okay

Propagandists.
Did Buhari take Innoson along while going to China?
What is the proof that this is a result of Buhari's recent visit to China?
I thank Innoson for bringing this investment to Nigeria in spite of Buhari's ethnic government activities tailored against Igbos.

Sealeddeal:
Propagandists.
Did Buhari take Innoson along while going to China?
What is the proof that this is a result of Buhari's recent visit to China?
I thank Innoson for bringing this investment to Nigeria in spite of Buhari's ethnic government activities tailored against Igbos.

Oyee of little faith

Baba go shame all wailers

Baba I know you meant well for this country

Don't allow any sycophant either family or friends

Distract you .

For the wailers we your supporters will handle them

The real Igbos are busy building monuments of businesses and taking advantage of the investor friendly atmosphere brought about by the able leadership of Mohamadu Buhari while some inconsequential touts and miscreants who constitute nothing but nuisance wake up everyday to wail over one imaginary and useless country which will never be.

Sai Innoson.

we will certainly get there. It will not be easy ride but certainly we will get there. If only Innoson continued his forage into the mobile phone sector, he would had gone further than many oem we have now. But digital tv sector is another area to invest big time in

China is a very innovative and intelligent nation we should rely on






apparently buhari is poised to make 9ja great

innoson should start manufacturing solar and electric cars.......is common in China

sarrki:


Oyee of little faith

Baba go shame all wailers

According to the news source

.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.

Now you see that Innoson is the person bringing the investment. Buhari went to sign useless deals and enjoy good Chinese treat. You zombies should start burying your head in shame.

sarrki:


Oyee of little faith

Baba go shame all wailers

The irony if it is that Baba has already shamed you but you choose to live in denial which is gradually waning.

Good.


Infrastructural Development is the way foward .



God Bless Nigeria



#IStandWithSamDaddy 2019 for a better Imo State

Shandog are Longterm Business and also The Technical Partners of Innoson Motors!!!. You can see on Nigerian Roads some of Their buses used by some of the Major Transporters. MY GREATEST JOY IS THAT WE WILL FINALLY HAVE INNOSON TV NNEWI.......TO BE FOLLOWED BY IFEANYI UBA TV,IBETO TV, OBIJACKSON TV ETC ALL IN ANAMBRA STATE!!!

some pessimists will still doubt the development .....all these baba bilateral ties gotta yield a positive result

investnow2013:
Shandog are The Technical Partners of Innoson Motors!!!. You can see on Nigerian Roads some of Their buses used by some of the Major Transporters. MY GREATEST JOY IS THAT WE WILL FINALLY HAVE INNOSON TV NNEWI.......TO BE FOLLOWED BY IFEANYI UBA TV,IBETO TV, OBIJACKSON TV ETC ALL IN ANAMBRA STATE!!!

anambra is so saturated with potentials

nwabobo:


The irony if it is that Baba has already shamed you but you choose to live in denial which is gradually waning.

Wailers will never appreciate anything


Why didn't Innoson get such offer during the time of

Your adored hero

QuotaSystem:
[s]Nigerians will soon start to smile under this able administration.

The implications of the proposals are simply epic. May the almighty see that they are fully realized. [/s]

Buhari should not take credit for private investments from the 5%

Na so!!! Keep on giving zombies things things to masturbate with. What of ur Yuan-Naira swap deal? What of the promise of 1 meal a day for school children? What of the promise of 5000 naira to unemployed youths? What of the claim that Germany wanted to invest 2billion dollars in our railway sector?
Anybody wey wan believe rubbish is free to believe

These zombies are shameless.. Buhari went to China without any igbo delegation and Buhari wants to take credit for private investments by the 5%? Innoson should make sure 100% of this project is cited in Anambra..

Innoson should receive the Chinese group while circumventing the clueless FG.
The FG can infect him with clueless ness if care is not taken.
Innoson should be careful, the FG has nothing to offer.

realglobe:
These zombies are shameless.. Buhari went to China without any igbo delegation and Buhari wants to take credit for private investments by the 5%? Innoson should make sure 100% of this project is cited in Anambra..

Ife eji abu Onye Anambra erika erika!!!

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

Nice one

realglobe:
These zombies are shameless.. Buhari went to China without any igbo delegation and Buhari wants to take credit for private investments by the 5%? Innoson should make sure 100% of this project is cited in Anambra..

Buhari can never go to China with Innoson in mind.
Bubu is that stupid and bigoted.

sarrki:


Wailers will never appreciate anything


Why didn't Innoson get such offer during the time of

Your adored hero

He started his ivm under GEJ.
under Buhari, forex alone would frustrate him.

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.

PHOTO NEWS

His Excellency, President Muhammad Buhari GCFR moves to greet the Chairman of IVM Innoson Group, Dr Innocent Ifediaso Chukwuma OFR during the passing out parade of the 63 Regular Course today.

Also with him in a tete-a-tete with Prof Grace Alele Williams OFR before the arrival of the President

Nice

Innoson Motors Nnewi set to rule Nigeria Auto Industry.

Now introducing Innoson Ambulance, Purely Made-In-Nigeria.
@InnosonMotors can do more with necessary suport.
A New Nigeria Is Possible