Coleman boosts industrialisation
The Federal Government’s industrialisation drive has received a major boost following the inauguration of a multi-billion naira Fibre-Optic Cable Factory by Coleman Wires and Cables at Arepo, Ogun State. It was the first fibre-optic cable factory in the West African sub-region and the fifth on the continent. The Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, said with the coming on stream of the fibre-optic cable factory, Nigeria’s journey to industrialisation was on course. Represented by the Director, Industrial Development at the ministry, Mr. Adewale Bakare, the minister also said the company’s ‘drive to increase local production capacity was in line with the ministry’s Backward Integration Programme (BIP). “It’s a comprehensive and strategic approach towards industrialisation with a view to promoting value-addition across the chain of the manufacturing process in line with the Nigerian Industrial Revolution Plan (NIRP),” Adebayo said. The minister, who praised the company for its achievement, further stated that the factory was positioned for the African Continental Free Trade Area (AfCFTA).
Coleman boosts industrialisation
The Federal Government’s industrialisation drive has received a major boost following the inauguration of a multi-billion naira Fibre-Optic Cable Factory by Coleman Wires and Cables at Arepo, Ogun State. It was the first fibre-optic cable factory in the West African sub-region and the fifth on the continent. The Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, said with the coming on stream of the fibre-optic cable factory, Nigeria’s journey to industrialisation was on course. Represented by the Director, Industrial Development at the ministry, Mr. Adewale Bakare, the minister also said the company’s ‘drive to increase local production capacity was in line with the ministry’s Backward Integration Programme (BIP). “It’s a comprehensive and strategic approach towards industrialisation with a view to promoting value-addition across the chain of the manufacturing process in line with the Nigerian Industrial Revolution Plan (NIRP),” Adebayo said. The minister, who praised the company for its achievement, further stated that the factory was positioned for the African Continental Free Trade Area (AfCFTA).