Nigerian VP Osinbajo Meets Chinese Investors, Pledges To Support Innoson Group ICT Project

By Cornel Osigwe

The Vice President Prof Yemi osinbajo today met with Chairman of Innoson Group, Dr Innocent Chukwuma OFR and a delegation of Chinese investors led by Liu Baoju, a Deputy Minister of Communist Party of China in Shandong Province who is equally the Chairman of Shandong Broadcasting Group and Shandong Cable Interactive Service Ltd, the world’s biggest TV operators and Huang Gang, Senior Vice President of Inspur Group and President of its Oversea Headquarters. Inspur Group is China’s leading cloud computer solution supplier and cloud service provider involving all IT applications.

Prof Osinbajo who extols the various contributions Innoson has been bringing to the country was pleased that Innoson is still trying to establish more manufacturing industry which is the major vision of this administration. On his bringing in Chinese investors to support the Information Technology and Communication Sector, The Vice President stated that the present admiration is in talk to set up a Nigeria-Chinese Economic Commission that will be in charge of Chinese Investors to Nigeria. He pledged Federal Government Support to see their proposed project succeed.

In his Speech, Dr Innocent Chukwuma stated that plans has been concluded with the Chinese investors to receive from them a credit facility of $300million USD which will be for local production and supply of minimum Five Million to Eight Million (5-8million) Set-Top Boxes to support Federal Government of Nigeria digital switch over (DSO) project being handled by Nigerian Broadcasting Commission in order to meet the dateline switchover come June 2017.

Also a further investment of $100million USD to establish the latest technology and biggest DTH (Direct-To-Home) Digital Bing Television Station across all states of Nigeria, with headquarters in Abuja.

He stated further that in addition to the two immediate investment, a further sum of  600million USD investment in which negotiations has been fully concluded is being made to cover the following areas of the Nigerian economy;

1. Smart City (CCTV camera) using cloud computing total solution that is known as E-Policing to cover the whole landmass of Nigeria.
2. Cloud Computing Total Solution on Taxation with IT applications for such institutions as Federal Inland Revenue Service (FIRS) and other taxation agencies for seamless and stress-free tax collection mechanism.
3. E-Education IT Solutions with big data centers for all Federal Universities and Polytechnics in the country