PRESS STATEMENT - CHINA UNICOM DID NOT BUY NITEL
In view of the recent sensational headlines in the papers with regards to the acquisition of NITEL (a transaction in which BGL Private Equity is a Consortium Member and Financial Adviser) the Press Release was circulated to dispel some of the inaccurate information contained in the press reports.
Click here for the Press Statement - New Generation Consultium
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Firm, UK Coy plan $2.7bn (N348bn) industrial park for Abuja
A Nigerian start-up company, Goshen Centurion Industrial Haven Limited, in partnership with United Kingdom-based Stylecrest Investments and BGL Private Equity Limited, has disclosed plans to establish a billion-dollar Industrial park and free trade zone, in Gosa, Abuja.
The Chairman of the company, Mr. Isaac Chuks, made the disclosure during a meeting on Monday with top executives of the Nigerian Investment Promotion Commission, in Abuja.
According to him, “The Goshen project is a private sector-driven initiative for the establishment of an industrial park or free trade zone. The total capital outlay for this project is estimated at over N2.7bn.
“This would cover investment in procuring the land (817 hectares), setting up the structures, and bringing in our equipment. Our plan in the long run is to create employment for more than 10,000 youths and able-bodied Nigerians as well as given opportunities to international and local investors to come in and invest in the free trade zone.”
Upon completion, he noted, the park would be home to about 120 small and medium enterprises and conglomerates from across the world.
Chuks said, “We plan to provide world-class infrastructure to attract investment to the Nigerian economy. Structures, amenities, and services to be provided within the park would be of the highest standards as obtainable in Europe and other developed societies.
“In view of this, our international partners are coming in soon to undertake an in depth review of the project.”
He said that the aim of the project was to harness the numerous human and material resources in the country, towards producing goods and commodities for local consumption as well as for export.
He said, “For many years, Nigeria seems to have lost its industrial and productive edge, and had become a country of consumers. To make matters worse, most of the goods and products that come into the country are not of standard quality, and such have hurt our economy.”
To this extent, the Goshen boss noted that companies to be admitted into the zone would be those that have a proven record of providing international quality services and products, towards ensuring that Nigerians got the best value for their money.
Chuks noted that the immediate challenge of the project was to procure the land it required along the Nnamdi Azikiwe International Airport road.
He said, “We trust the FCT minister understands the importance of this project, having been a Minister of Commerce and Industry for many years. He has given us his support in principle, and we await the final clearance to roll in our equipment.”
He said the project is expected to come into full effect by next year, adding that their international partners were excited about the industrial park and was, therefore, eager to go.
Responding, the Executive Secretary of NIPC, Mr. Mustafa Bello, represented by the Director of Finance and Administration, Mr. Steve Amase, said the nation needed investments in critical sectors including manufacturing.
Source: The Punch