Yunus Abdulhamid
21 July 2009
Abuja — In a bid to boost the bilateral relationship between Nigeria and the Democratic Republic of Sao Tome and Principe, NICON Group of companies Plc is having a plan to build a private University in the oil rich country.
A statement issued by the spokesman of NICON Insurance, Mr. Ade Adesokan said the group's chairman, Barrister Jimoh Ibrahim made this known in Sao Tome and Principe during the official commissioning of a new branch, NICON Seguros office. According to the oil magnate, the construction work would commence 30 days after the acquisition of land from the Government of Sao Tome and Principe. "Our major concern in this Island is human capacity development; we intend to form an alliance with the Government of Sao Tome on the modality for the building of NICON University in Sao Tome. We strongly believe that the only way to open up the Island is to build a befitting university in the country", the statement said.
While giving credit to President Umaru Musa Yar'adua for making the synergy between the two countries possible, he said, "The President of Nigeria after signing partnership agreement with the Republic of Sao Tome has begun to develop local entrepreneurs in Nigeria to compliment the private components of that agreement of the bilateral relationship between the two countries." Jimoh said as part his company's drive offshore, new business opportunities in banking were being explored in Ghana. He said "In order to foster the economic and investment opportunities between Nigeria and Ghana, NICON Group has been presented with a commercial banking license by the Government of Ghana and the name of the bank is Energy Bank of Ghana which would be commissioning in October 1st, 2009 to coincide with Nigeria independent day anniversary."
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