News

Edo Partners Foton Motor Group To Set Up World-class Vehicle Manufacturing, Assembling Plant

Published

2 years ago

October 17, 2023

L-R: Managing Director, Rongtai, Joneny Lei; Project Manager, Foton, Jzmmy Liao; Managing Director, ESIPO, Kelvin Uwaibi; Senior Manager, Foton, Frank Chen, and Sales Manager, Foton, Lucas Guo, after a meeting at the ESIPO’s office in Benin City, Edo State.

The Edo State Government has disclosed that it is collaborating with Foton Motor Group, an international vehicle manufacturing firm, to establish a world-class vehicle assembling and manufacturing plant in the state.

The Managing Director of the Edo State Investment Promotion Office (ESIPO), Mr. Kelvin Uwaibi, stated that the partnership will create training and employment opportunities, as well as help reduce the cost of vehicles in Nigeria and Africa.

According to him, “Foton Motor Group has traded with Nigeria in the past; however, they will commence manufacturing their products in Nigeria by establishing an automobile assembling factory in Edo State. Edo State will provide the necessary support to ensure that the factory is established, and in turn, they will provide support through strategies and investments to alleviate car-related issues in Nigeria and Africa.”

He explained that for Edo, the investment will bring about capacity building and training for young people and ensure that vehicles and spare parts are more affordable for Edo residents and Nigerians.

On his part, the Project Manager of Foton Motor Group, Jimmy Liuo, said, “The vehicle assembling company in Edo is going to be a long-term investment and will contribute to economic development in Nigeria. We are in Edo State because of its business-friendly environment. We will bring top brands from China like Micro, Light, and Heavy-duty trucks and CNG to Nigeria to reduce the cost of vehicles in Nigeria.”

News

Edo To Dredge Ikpoba River For Revenue, Flood Control

Published

13 hours ago

July 3, 2025

Editor

Edo State government has proposed the dredging of Ikpoba River to curb flooding and exploring potentials for enhancing revenue generation in the state.

The state Commissioner for Mining, Hon. Andrew Ijegbai, disclosed this when he led a delegation on an inspection of the river in Benin City.

According to him, the initiative was to find a lasting solution to the incessant challenges of flooding and river overflow on the busy road.

He added that his team was on the ground to assess the condition of the river to get a firsthand observation of its impact on communities near its bank.

Also speaking, Director of Mining in the ministry, Mr. Omoruyi Ihianle expressed the state government’s determination to turn challenges into successes.

He stated that the primary objectives of the project were to generate revenue for the state government through mining and to mitigate flooding in the host communities.

“As a government, we have found a way of converting our challenges until success.

“As a result of the silted river channel, the host communities have been suffering from flooding, hence the Edo State Government is stepping in to desilt while raising revenue for the State Government,” he said.

News

JUST IN: Ex-Eagles Goalkeeper, Peter Rufai, Is Dead

Published

14 hours ago

July 3, 2025

Editor

Peter Rufai, the former Super Eagles goalkeeper, has died.

Waidi Akanni, a former teammate and associate, confirmed the legendary goalkeeper’s death to TheCable on Thursday.

Rufai, affectionately nicknamed Dodo Mayana, died at 61 after a reported battle with long-term illness.

The Super Eagles of Nigeria also announced the demise of the former goalkeeper on the team’s official X account.

“Forever in our hearts, Dodo Mayana. We mourn the passing of legendary Super Eagles goalkeeper, Peter Rufai, a giant of Nigerian football and a 1994 AFCON champion,” the post reads.

“Your legacy lives on between the sticks and beyond.”

Rufai is regarded as one of the best football goalkeepers Nigeria has ever produced. He was the Eagles’ first-choice goalkeeper when Nigeria won the 1994 Africa Cup of Nations (AFCON).

He also represented Nigeria at the 1994 FIFA World Cup in the US and the 1998 FIFA World Cup in France.

Rufai had over 60 caps for the Super Eagles over the course of a decade with the team.

News

AMCON Sells Ibadan DisCo For N100bn

Published

18 hours ago

July 3, 2025

Editor

The Asset Management Company of Nigeria (AMCON) has announced the sale of the Ibadan Electricity Distribution Company (IBEDC) for N100 billion.

AMCON’s Managing Director/CEO, Gbenga Alake, disclosed this at a media parley on Thursday.

Apart from IBEDC, AMCON also manages other distribution companies, including the Abuja Electricity Distribution Company (AEDC), Benin Electricity Distribution Company, Kaduna Electricity Distribution Company, and Kano Electricity Distribution Company.

Alake said, “Today, I announce to you that Ibadan DisCo has been sold. When we came in, it had already been sold, but we renegotiated the price and got almost double of what it was initially going to be sold for.”

Regarding ongoing legal issues, Alake stated, “We have sold it, and whatever is still happening in court, we will face it.”

However, officials of IBEDC did not respond to inquiries about the sale.