6 November 2017

Nigeria: Edo to Get New Investor for Ava Cement Factory

Benin — The Edo State Governor, Godwin Obaseki, said the state is negotiating with the Assets Management Corporation of Nigeria (AMCON) to get a new investor for Ava Cement factory located in the state.

Obaseki stated this at the weekend in Igarra, the headquarters of Akoko Edo Local Government Area, during his Thank-You-Tour to the area.

He said, "Ava cement factory is in debt. That is why AMCON seized it. We are negotiating with AMCON to get a new investor to take it over and bring it back to life."

Obaseki also promised to upgrade Igarra Technical College as well as improve the infrastructural development in the council.

"I have received the report on the technical college and by the grace of God, work will start at the college by January 2018," he said.

Earlier, the All Progressives Congress (APC) Chairman in the area, Jeffrey Obasanmi, appealed to the governor to establish a faculty of geology in the council to serve as an annex of the Edo University, Iyamho, to sufficiently exploit the council's vast mineral deposits. While commending the governor for appointing Mr Taiwo Akerele from the area as his Chief of Staff, Obasanmi appealed to the governor to revamp the dam in Igarra to improve water supply in the area.


INEC Declares Osun Governorship Election 'Inconclusive', Sets ReRun for Sep 27

The electoral commission, INEC, has declared the Osun State governorship election "inconclusive." Read more »

See What Everyone is Watching

Copyright © 2017 Daily Trust. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 600 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.