A N10 Billion Trailer Assembly Plant will soon be established in Kaduna State, courtesy of ABG Group of Nigeria and their technical partner, BMC of Turkey. The Group’s Chairman, Dr. Bawa Garba, made the disclosure when he led a delegation of investors from Turkey to see the Minister of State for Trade and Investment, Chief Samuel Ortom.
As part of efforts to enable the Nigerian Postal Service (NIPOST) take advantage of global changes in communications, the Nigerian government has approved the establishment of a joint venture between NIPOST and two private firms Development Venture International (DVI) Inc, of USA and ABG Group of Nigeria. Tagged NETPOST Nigeria Limited, the venture is expected to facilitate the delivery of electronic mail and other related services in Nigeria. The project which is billed to take off in thirteen centers across the country will use VSAT technology. Each of the partners is expected to contribute an initial share capital of N100 million at a ratio of 40% from NIPOST, 35% from DVI and 25% from ABG Group.
The United States Export-Import (EXIM) Bank approves US$2,295, 340 credit facility with 5 years repayment for the importation of VSAT Network Operating Center (NOC) with 600 VSAT terminals.