Call For The Formation Of An Economic Group Of Igbo And Neighbouring Governors (EGOIANG)

The Igbo governors should form an Economic Summit Of Igbo And Neighbouring Governors to pull their states’ economic resources together towards mutually beneficial projects. It should be a working summit held and adjourned every two months. The purpose should be to start joint development initiatives where each state will contribute its quota and benefit economically. At the meetings, notes should be compared and new tasks shared out when necessary.
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Igbos: The Darkskinned ‘Foreign’ Investors Developing Nigerian Towns

The truth is that Igbos are really ‘foreign’ investors that invest in other parts of Nigeria. If South Africa brings in Shoprite, Igbos bring in Alaba Market and Chinese bring in China Town to your locality, Bros, that is development. okay, because we don’t look white abi? You see your life?

Shebi a foreign investor is any non-indigene who comes to your town and invests to build companies? Er you are! You see say OmoIgbos are big businessmen like the Lebanese, the Indians, the Chinese, the British, only they are from your country? Et you are! A prophet is not known in his country. Igbo eyaf suffer too much. Continue reading “Igbos: The Darkskinned ‘Foreign’ Investors Developing Nigerian Towns”

Arewa Youth Threat On Igbos: Develpeast Calls For Asset Recovery Fund

Following the recent disturbing call by some Northern Nigerian youth groups for Igbos to leave the Northern region, despite the fact that Igbos have the constititutional right as Nigerians to settle anywhere in Nigeria, and despite the myriad Igbo investments in the region, Develpeast a Nairalander has called for Igbos to set up an Asset Recovery Fund (ARF) to make sure Igbos recover the value of their huge investments in the region in the eventuality of their being forced to leave the region.

He also went ahead to provide alternative contingency plans. He further called for a grand convention of Igbos to converge on Igbo Land this Christmas season to develop contingency strategies based on his suggestions. He is of the opinion that Igbos cannot just leave investments worth billions if asked or forced to leave the North, as that would spike the crime rate in Igbo Land. It is good for Igbos to look at what he said. Read below:

The total assets of Igbos around the country can be put to 200 trillion naira as at 2016. This is quite a huge sum to leave for others to take advantage of. Our brothers must not come empty handed back to the east because it will skyrocket the vices in the region. I urge all of you to pedal down alittle so that we can set up Asset Recovery Fund (ARF).

For us to fully relocate our assets to the east with ease, Continue reading “Arewa Youth Threat On Igbos: Develpeast Calls For Asset Recovery Fund”

Ebonyi State Nigeria willing to allow businesses exploit its coal and zinc

Are you an investor looking for investments in emerging markets? You should strongly consider visiting Ebonyi State in Igbo Land, Nigeria. There is a growing rush to start exploiting its mineral deposite like coal and zinc, as the account of the state’s commissioner for Solid Minerals, Francis Orji indicates below:

He wrote:

I was in Afikpo yesterday with Chinese investors to ascertain the existence of huge coal deposits in Echara Mgbom, Amamgbala, Unwana, Edda. Continue reading “Ebonyi State Nigeria willing to allow businesses exploit its coal and zinc”

Nnewi, The Igbo Town That Manufactures, Cars, Motorcycles, Etc., Etc., Etc.

Nnewi is the second largest city in Anambra State in southeastern Nigeria. Nnewi as a metropolitan city encompasses 4 local government areas, Nnewi North, Nnewi South, Ekwusigo and Ihiala Local Government; Nnewi North is commonly referred to as Nnewi central, and comprises four autonomous quarters: Otolo, Uruagu, Umudim, and Nnewi-ichi. Nnewi North also includes Ichi, an autonomous neighbouring town. The first indigenous car manufacturing plant in Nigeria is located in the city, while the first wholly made-in-Nigeria motorcycle, the ‘NASENI M1’ was manufactured in Nnewi.

As of 2006, Nnewi has an estimated population of 391,227 according to the Nigerian census. The city spans over 1,076.9 square miles (2,789 km2) in Anambra State. Nnewi Metropolitan Area and its satellite towns is home to nearly 2.5 million residents As of 2005. Dimensionally, Nnewi has an edge over all other units, being recognized by the 1953 census figures as the largest inland town of all others in the Eastern states of Nigeria.

Agbo Edo, a forest land which belonged to Edo Nnewi deity, was cleared to make way for a new market called Nkwo Nnewi market. The development of this market propelled the fast development of the local economy.
As a fast developing city and a major industrial and commercial hub in Africa, Nnewi experiences voluminous financial activities, therefore hosts major banks, and other financial institutions. Industries are dotted around the city and adjoining towns. Palm oil, cosmetics, motor, and motorcycle spare parts, books, and stationeries, textiles, electric cables, and so on are produced in commercial quantity in the area. Its main trading centers include Nkwo Nnewi market (the largest spare parts market in west Africa) and Nwafor market, Eke Amaobi market, Eke Ochie, Eke Ichi Market, Orie otube Market, etc

Nnewi is referred to as the Japan of Africait is home to many major indigenous manufacturing industries including Ibeto Group of Companies, Cutix and ADswitch, Uru Industries Ltd, Omata Holdings Ltd, Cento Group of Companies, Coscharis of Companies Group, Innoson Group of Companies, Ebunso Nig. Ltd, John White Industries, Ejiamatu Group of Companies, Chicason Group, Louis Carter Group,[b]Kotec Industry etc[/b]. The great majority of industrialists in the cluster of spare parts factories in Nnewi are also traders, and most of these traders are producing one or more of the products they specialize in marketing as traders (usually motor vehicle parts), and most began by distributing their products through their preexisting distribution networks. Nnewi is part of eastern Nigeria’s industrial axis. The town has through culturally grounded institutions that act as sophisticated networks expanded to include an international dimension through trading relations with exporters from Asia. Over the last decade, the town of Nnewi has experienced relatively rapid industrialization. Since 1970, Nnewi residents have controlled approximately 80 to 90 percent of the motor-parts trade in Nigeria. Nkwo Nnewi Market is the major import and wholesale point for motor spare parts in Nigeria. The industrialists of Nnewi are adapting foreign technology to local needs, providing employment to thousands, and making available goods and services which are relevant actual needs of the Nigerian citizens. The first indigenous car manufacturing plant is located in the city, while the first wholly Made-in-Nigeria motorcycle was manufactured in Nnewi by the National Agency for Science and Engineering Infrastructure (NASENI).

Auto parts
Nnewi is known for the vibrant auto industry in the city, t[b]he first Igbo man to own and drive a car was HRH Igwe. Orizu I (Eze Ugbo Onya Mba) in 1912. By 1940, Nnewi residents were at the center of an international trading networkthat dominated the supply of motor spare parts in Nigeria.[/b] The town subsequently became a center for commerce and industry, and has one of the largest automotive parts markets in Africa. Nnewi Township is an authentic “manufacturing miracle.” Small and medium-sized industries have set up in the town and are producing not only for the Nigeria markets but – albeit still to a limited extent – for markets abroad.
Industrialization of the town began around 1970 when Nnewi motor parts traders began marketing their own brand name products instead of the reproductions of “original” parts. There are a several auto and motorcycle spare parts dealers in Nnewi; the Nnewi Motorcycle spare parts market is well known throughout West Africa and has earned the city the nickname, Japan of Africa.
SOURCE: Wikipedia

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