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Tyre Dealers Commence N1.5b Cluster Park in Aba

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  • Tyre Dealers Commence N1.5b Cluster Park in Aba

Construction of a 1,200 shop capacity cluster worth N1.5 billion has been set in motion at Aba, the commercial hub of Abia State by the Aba Heavy Motor Parts and Tyre Sellers Association (AHMPATSA), with the formal signing of the construction agreement between it and the contractor, Logistics De-Luke Ltd.

The Chairman, Board of Trustees (BOT), Chief Philip Ezekwem, signed for AHMPATSA in the presence of his deputy, Chief Charles Onyejegbu, while the Chairman, Aba Tyre Sellers Association Mr Nayo Okeke, the Chairman/Chief Executive Officer Chief Raymond Aliga, signed for the contractor, Logistics De-Luke.

The Agreement signing, which was done on Monday at the AHMPATSA head office, Aba, was also witnessed by Jude Udeachara, a Senior Special Assistant to the Governor Okezie Ikpeazu, on Trade and Investmen. Others included representatives of Unity Bank, Donatus Ubechu, and Kenneth Ogbonna, and a host of others.

Speaking on the project, Ezekwem said the signing of the agreement marked the end of their quest since 1994, to acquire land to build a cluster of their own.

He said: “Our problem is now over, work will begin immediately on the site located at Alaoji, Aba; we shall fulfil our own part of the agreement towards actualising this project in nine months’ time.”

Describing the project as laudable, Aliga on his part, noted that AHMPATSA is the only association in the south east zone to acquire its own land, secure its Certificate of Occupancy, did the design and commenced development, and beckoned on other groups to emulate them.

Aliga pledged that the project/Market, which has provision for Motor Park, banks and other modern business related facilities would be completed by Logistics De-Luke within the nine month time frame. He invited members to come and witness the commencement of construction and movement of land clearing equipment into the site on yesterday.

The Governor’s representative, Udeachara commended the determination of the association to execute the project, which would in turn, decongest the Aba city and rid it of street trading.

He pledged the government’s commitment to build a one kilometre road into the market, to start with beginning of construction work and the provision of a giant electricity generator with the capacity to provide steady power to the Park. He also promised that the governor will perform the formal ground breaking of the site.

Representative of Unity Bank, Ubechu said his bank identified with the project, noting that AHMPATSA has a knack for going into and completing projects on schedule.

He however noted that the bank would expect the association to deposit 10 per cent of the total cost of the project to qualify for the bank’s assistance.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Company News

Farmforte, Others Signs MoU To Strengthen and Sustain Growth in Agricultural Sector

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Farmforte - Investors King

Farmforte Limited has signed a strategic Memorandum of Understanding with the Agricultural Fresh Produce Growers and Exporters Association of Nigeria; HYBR, a pan-African innovation firm; and ALTS, a consulting and strategy development firm.

The firm said in a statement on Sunday that the partnership would strengthen common interest cooperation and stimulate inclusive and sustainable growth within the agricultural sector, by capitalising on the synergy and comparative advantage offered by each organisation.

Speaking during the signing ceremony, Farmforte Co-Chief Executive Officer, Osazuwa Osayi, said, “Our mid to long-term strategic goals are further reaffirmed, as this partnership will facilitate the sharing of knowledge, ideas, and expertise across the agricultural sector.

“We will collectively address initiatives and approaches concerning agricultural investments, food security, and the overall robustness of the value chain.”

He said the collaboration would also unlock the full potential of the sector and place it on a renewed path for success, especially within a post-pandemic economy.

The President of AFGEAN, Tajuddeen Dantata, said, “By creating dialogue and fostering investment in the horticulture sector, this partnership will endeavor to support Farmforte in its exporting efforts by improving operational efficacy and cost-savings, while ultimately driving socio-economic growth in the country.”

The Chief Executive Officer, HYBR, Charles Ojei, said to drive inclusion, sustainability, job creation, and Nigeria’s overall economic growth, the optimisation of the agriculture value chain was critical.

“This collaboration is a fusion of the complementary capabilities of all partners to move a bigger agenda forward.”

The Managing Partner, ALTS, Akintunde Sawyerr, said, “The goal of this partnership is to support Farmforte’s vision of becoming the largest agribusiness by 2035 via scalable and world-class innovation across its enterprise.”

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OctaFX Launches Dual Life Campaign

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OctaFX- Investors King

International Forex broker, OctaFX has launched a socially conscious marketing campaign called Dual Life aimed at simplifying forex trading and helping Nigerians create wealth.

A statement by the organisation on Monday said that the marketing campaign would celebrate the superpowers of Nigerians who committed their time and efforts to two or more jobs and were successful at each one of them.

It stated that the #DualLifewithOctaFX campaign had influencers in the Nigerian lifestyle and entertainment space such as Toke Makinwa, Bovi, Denola Grey, Timini Egbuson, and others at the core of the engagements, establishing the other sides of the celebrities and influencers as entrepreneurs.

While speaking about the campaign, the Marketing Manager, EMEA, OctaFX, Ali Nwadike said, “We wanted to position forex trading as that activity young Nigerians and everyone else, can engage in, even while focusing on their careers.

“From findings, most young Nigerians today work two or more jobs to pay the bills and attain financial freedom. But, we don’t get to talk about this often or appreciate the efforts, hence the #DualLifewithOctaFX campaign.

“While some see their jobs as a burden, we want people to see it as an achievement; and promote the school of thought that says one, two, many jobs is not bad especially when you are trying to create wealth.”

Nwadike added that more Nigerians would be exposed to the beauty of keeping their regular jobs and careers while making more money from forex trading with the OctaFX Trading App.

The statement also affirmed that OctaFX had made necessary arrangements from assembling forex experts and compiling training guides in the simplest and relatable form.

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Appointments

AfDB Appoints Dr. Beth Dunford as Vice President

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African Development Bank - Investors King

The African Development Bank Group (AfDB) has announced the appointment of Dr. Beth Dunford as its Vice President, Agriculture, Human and Social Development. The appointment becomes effective from July 1, 2021.

A statement explained that Dunford, a national of the United States of America, brings extensive experience to this role. She has held senior-level leadership positions in the US government, where she managed large and complex programs, working with the private sector, civil society, and multilateral and bilateral institutions, as well as with African governments, to deliver agricultural, social and human development impact at scale.

Prior to her appointment, Dunford worked as the Assistant to the Administrator in the U.S. Agency for International Development’s (USAID’s) Bureau for Resilience and Food Security, as well as the Deputy Coordinator for Development for Feed the Future, the U.S. government’s global hunger and food security initiative.

“In this dual role, she coordinated Feed the Future across multiple U.S. government agencies, oversaw a $1 billion annual budget and leveraged millions of direct private sector investment annually. In this capacity, she also coordinated a $2.3 billion Feed the Future presidential initiative across 11 US government agencies and forged partnerships within the private sector and civil society targeted at reducing hunger and poverty.

“She also led USAID’s technical and regional expertise focused on improving agriculture-led growth, resilience, nutrition and water security, sanitation and hygiene,” the statement added.

President of the African Development Bank, Dr. Akinwumi Adesina said he was delighted to appoint Dunford as Vice President to lead the Bank’s work on Agriculture, Human and Social Development.

“Beth is a strategic and effective leader with deep knowledge and impressive track record in designing and delivering highly impactful large-scale programs that have helped in lifting 27 million people out of poverty in 36 countries,” he added.

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