Business

Electric Car: Slovakian Company to Start Electric Car in C’River

  • Electric Car: Slovakian Company to Start Electric Car in C’River

Cross River state government has partnered Sirieco, a Slovakian company, to establish an electric car assembling plant in the state.

Mr Groidis Peter, the Chief Executive Officer, Sirieco Company Limited, disclosed that they are on an inspection tour of Ayade Industrial Park in Calabar.

According to Peter, the company will also establish a manufacturing factory for energy bulbs in the state.

Speaking to newsmen after visiting the park, he said, “After a useful deliberation with the governor and tour of some of the projects here in this industrial park, I am glad to announce to you that we will love to build a strong working relationship with the Cross River State government which will culminate in the building of a hub that will be second to none in Africa.”

He added that “We are starting with Eco-Cars; electric cars and we hope to set up the car assembling plant here in this park. We are also building a factory for the manufacturing of long-lasting street lamps.”

Speaking on the issue, Governor Ben Ayade said, “The Ayade Industrial park has 42 plots of land ready for any serious investor who is willing to create jobs for at least 50 Cross Riverians from its investment outlay.

“We are offering free land, tax exemption and providing the necessary utility support services including free Wi-Fi.”

Ayade also said, “The team we just received has expressed its readiness to commence the installation of an electric car assembling plant and, in addition, set up a modern street light bulb manufacturing plant with minimum of 18 watts and above for our streets using the latest technology that has a better temperature control system and 22 years life span solar systems.”

He said, “The new solar bulb will not suffer the deposition burden that characterises the technology we currently have and that it will have no attenuation of its lighting on the basis of long use occasioned by high temperature in Nigeria.”

Ayade emphasised the imperative of touring the industrial park, saying “We brought them here to make a choice of a location because we are giving them free land and also guaranteeing them three years tax exemption.”

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya

Recent Posts

N1.3bn Fraud Allegation: Court Orders Arrest of Dana Air MD For Not Showing Up For Arraignment

A Federal High Court in Abuja has ordered the arrest of the Managing Director of…

1 hour ago

Nigerians To Enjoy 85% Discount On Groceries, Phones, Home Appliances, Others As Konga Begins Yakata Black Friday Sale

Consumers in Nigeria now have opportunity to get 85 percent discount on products of their…

1 hour ago

Nigeria Partners with ECOWAS and Morocco to Launch $26B African Gas Pipeline

The Nigerian government, in partnership with the Economic Community of West African States (ECOWAS), Morocco,…

1 hour ago

Naira Falls to N1,676.90/$1 at Official Market, Slides to N1,708.87/$1 at Alternative Window

The Naira depreciated at the Nigerian Autonomous Foreign Exchange Market (NAFEM) by 0.61 percent and…

3 hours ago

President Tinubu Orders Release of Minors Prosecuted for #BadGovernance Protests

Following a recent viral video on the X app regarding the prosecution of minors who…

6 hours ago

Nigerian Army Seizes 700,000 Liters of Stolen Petroleum in Sweeping Raid Across Four States

In a series of raids across Rivers, Bayelsa, Akwa Ibom, and Delta states, troops from…

6 hours ago