Innoson Group, To Expand Production With 1Billion Dollar investment From Chinese partner.


Innoson Group of Companies is partnering with some Chinese investors to invest 1 billion dollars to expand his production.

The News Agency of Nigeria (NAN) reports that the Memorandum of Understanding (MoU) on the investment has been completed.

The Chairman of Innoson Group, Chief Innocent Chukwuma, disclosed this to the State House correspondents after leading  the Chinese investors to Vice-President Yemi Osinbajo in Abuja on Monday.

According to Chukwuma, the investments will cover digital television cooperation, Information and Communication Technology (ICT) and other sectors.

“I came here today with a delegation from China that  wants to invest in Nigeria. They are here today to establish our cooperation with the company.

“They are investing in digital television cooperation, IT solutions and other things. They are ready (to invest in the country); all the approval has been gotten so we will start immediately.

“They want to invest 1 billion dollars in Nigerian economy.’’

Senator Murray Bruce who was in Aba, stated this on Saturday, August 27, 2016, while addressing the International Youth Day Conference which was organised by the Vision Alive Empowerment under the recognition of the United Nations, UN.

While speaking on the theme, “How To Make A Good Choice While At The Youthful Age,” the senator revealed more about his youthful age stating that the right choice he made during his youth led him to become a successful businessman.

He explained why Nigeria is not growing in the tech world, and why technology is not contributing to the Nigeria’s economy.

“Nigeria is moving backward because they think that they are smart, and they do everything possible to erase the Nigeria/Biafra civil war in the history by burning and destroying all the tech tools which Biafrans used during the civil war,” Bruce was quoted as saying.

Igbos are the most successful people in Nigeria today, both tech and business, even before and after the civil war, Igbos has been advanced more than other tribes, that’s why the other tribe in Nigeria can’t do without them.”

Furthermore, the senator said, had Nigeria keep those tech tools and maintain the history of the civil war, with the massive tech tools owned by the Biafrans, Nigeria would have excelled worldwide and make a good fortune out of it.



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