Monday, July 13, 2020

Greek investors to construct ship-building plant in Niger-Delta

More Headline

Re-looting recovered loots! How suspended EFCC boss Magu allocated seized assets to friends

All allegations are lies, concocted to tarnish Magu’s image, says counsel Ade Adesomoju and Oladimeji Ramon The suspended acting Chairman of the Economic and Financial Crimes...

John Travolta mourns his wife Kelly Preston after she dies aged 57 following a secret two-year battle against breast cancer

John Travolta's wife Kelly Preston has died of breast cancer aged 57, the actor announced 'with a very heavy heart' last night. Preston died on...

EFCC: Magu worked for Osinbajo, Tinubu, they are his godfathers – Fani-Kayode

Femi Fani-Kayode, the former Minister of Aviation, has alleged that Ibrahim Magu, the suspended Chairman of the Economic and Financial Crimes Commission, EFCC, worked...

Nigerian Army speaks on recruitment advert

The Nigerian Army has called on members of the public to ignore an advert purportedly seeking to enlist young Nigerians into the army. Maj. Nsima...

Ize-Iyamu accuses Obaseki of bribing PDP with 15bn for guber ticket

Pastor Osagie Ize-Iyamu, the All Progressives Congress, APC, governorship candidate in Edo State, has accused the state Governor, Godwin Obaseki of bribing his way...




Mr Edobor Iyamu, Senior Special Assistant to the President on Niger Delta Affairs, says investors from Greece will set up a ship-building outfit in Nigeria, especially in Niger Delta.

Iyamu made this known to State House Correspondents shortly after a meeting with a delegation of Theo-Man Limited, a Greek firm, on Thursday in Abuja, and said that the company would also train ex-agitators in fishing.

He said that the move by the investors was in tandem with Federal Government’s new vision of a forthright partnership of the Federal Government, state governments, private sector and local communities.

“We have a group of investors from Greece.

“They have come in to do a number of things in the Niger Delta region, to train a good number of the ex-agitators, to give them skills in fishing and ship-building and other benefits that will come with them.

“They partnered the Presidential Amnesty Office and the whole idea is to set up a ship-building outfit where they will be training a lot of ex-agitators in ship-building and fishing.

“This company went through the Economic Recovery and Growth Plan (ERGP) focus laboratory and they were rated first-star, which meant that they did very well in their rating.

“When investors begin to come to a country, it means they found the economy of that country attractive.

“It is very positive for the country that we have investors coming in to show that they believe in what this administration is doing.

“They are comfortable with the level of peace and calm in the region which has been on for a very long time,” he said.

Iyamu commended President Muhammadu Buhari for sustaining the amnesty programme and also commended Niger Delta people for believing in the administration and ensuring that peace prevailed in the area.

He said that the Federal Government was committed to ensuring that Niger Delta was transformed.

On his part, The Managing Director of Theo-Man Limited, Mr George Theodorou, said that the firm had been working on the idea for two years before coming up with a solution which they brought to their partners.

“This project consists of three parts – education of 2,500 people, construction of 100 boats and the third, management – teaching the people how to do it and we will also find the clients,” he said.

In his remarks, Mr Patrick Osobase, Chairman, Concept Amadeus, the Lead Consultant on the project, said that Memorandum of Understanding on the project was signed in December, 2017.

He said that the project would train 2,500 delegates from ex-agitators and would employ no fewer than 2, 000 of them in the Special Purpose Vehicle (SPV) that was being created for the project.

Osobase said that the project would last for 25 years.

“The initial phase of the project is to set up the fishing aspect of it, two boats and two trawlers with the input of the ERGP.

“We will do the building of the vessels here instead of bringing the vessels to Nigeria; the vessels will be built in Nigeria using skilled amnesty trained boat builders who have been trained all over the world.

“They will be employed in the boat building aspect of it and every other aspect of the project.

“Wherever we have people trained in that aspect under the amnesty programme, they will be absorbed into the project rather than looking for people from outside.

“We have international investors who in the first phase have invested over N25 million dollars and that is build, operate and transfer arrangement,” he said.

He said that the investors would take their time to earn their money back from the structure and at the end of the tenure, it would be will transferred.

Osobase added that it would be a win-win project for the investors and for Nigeria.

- Advertisement -

Contact: info@fellowpress.com

- Advertisement -

More Articles

More Headline

Re-looting recovered loots! How suspended EFCC boss Magu allocated seized assets to friends

All allegations are lies, concocted to tarnish Magu’s image, says counsel Ade Adesomoju and Oladimeji Ramon The suspended acting Chairman of the Economic and Financial Crimes...

John Travolta mourns his wife Kelly Preston after she dies aged 57 following a secret two-year battle against breast cancer

John Travolta's wife Kelly Preston has died of breast cancer aged 57, the actor announced 'with a very heavy heart' last night. Preston died on...

EFCC: Magu worked for Osinbajo, Tinubu, they are his godfathers – Fani-Kayode

Femi Fani-Kayode, the former Minister of Aviation, has alleged that Ibrahim Magu, the suspended Chairman of the Economic and Financial Crimes Commission, EFCC, worked...

Nigerian Army speaks on recruitment advert

The Nigerian Army has called on members of the public to ignore an advert purportedly seeking to enlist young Nigerians into the army. Maj. Nsima...

Ize-Iyamu accuses Obaseki of bribing PDP with 15bn for guber ticket

Pastor Osagie Ize-Iyamu, the All Progressives Congress, APC, governorship candidate in Edo State, has accused the state Governor, Godwin Obaseki of bribing his way...

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -

Must Read

Magu: Falana denies N28m allegation, threatens to sue The Nation newspaper

Human rights lawyer, Mr Femi Falana (SAN), on Sunday denied receiving N28m from the suspended Acting Chairman of the EFCC, Ibrahim Magu. Falana, in a...

Magu’s continued detention unconstitutional — Lawyer

A Senior Advocate of Nigeria, Mr Tayo Oyetibo, on Sunday faulted the continued detention of Ibrahim Magu, the suspended Acting Chairan of the Economic...

2023: Igbo may never be Nigerian president because they lack love — Arthur Eze

Billionaire oil magnate, Prince Arthur Eze, has said it will take God for an Igbo man to become Nigeria’s President. According to him, the Igbo...

Fresh allegation: Magu responsible for millions of dollar vessels that sank despite Navy’s warnings

The panel investigating alleged fraud by the suspended Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has revealed his involvement in allowimg multi-million dollar...

Re-looting recovered loots! How suspended EFCC boss Magu allocated seized assets to friends

All allegations are lies, concocted to tarnish Magu’s image, says counsel Ade Adesomoju and Oladimeji Ramon The suspended acting Chairman of the Economic and Financial Crimes...

Demi Rose puts on a VERY racy display in jungle print cut-out gown as she joins Love Island beauties at star-studded London brunch party

She's been keeping her Instagram followers entertained with regular racy uploads during lockdown. And now the restrictions are easing, model Demi Rose made sure to...

John Travolta mourns his wife Kelly Preston after she dies aged 57 following a secret two-year battle against breast cancer

John Travolta's wife Kelly Preston has died of breast cancer aged 57, the actor announced 'with a very heavy heart' last night. Preston died on...

I married Regina Daniels and all my wives as virgins – Ned Nwoko

Ned Nwoko, a former federal lawmaker has disclosed that he married his 6 wives including actress Regina Daniels as virgins. Nwoko who recalled how he...

FG to review Air agreement with UK, others over landing right withdrawal

The Federal Government says it will review its Air agreements with various countries as a result of the unacceptable treatment of Nigerian carriers, especially...

Kwara records 19 fresh cases of COVID-19, discharges 12 patients

The Kwara Government says 19 more people have tested positive to Corronavirus (COVID-19), while 12 patients have twice tested negative to the virus and...
- Advertisement -

Nigeria treated, discharged 13,447 COVID-19 patients

The number of COVID-19 patients discharged in the country is now 13,447 following 344 new successfully treated cases. This is according to the...

COVID-19 test result for FCT Perm Sec released

Christian Ohaa, Permanent Secretary, Federal Capital Territory Administration (FCTA), on Monday resumed work after testing being discharged from isolation centre and testing negative to...

UK denies Air Peace landing rights to evacuate stranded Nigerians

British authorities have denied an Air Peace airline flight deployed to evacuate stranded Nigerians in the UK landing rights. The Nigeria high commission in London...

Nelson Mandela’s daughter Zindizi who was 18-month when her father was jailed dies at 59

Zindzi Mandela, the eldest daughter of Winnie Madikizela-Mandela is dead at the age of 59. She died in a Johannesburg hospital in the early hours...

Sudan lifts ban on alcohol consumption as leaving Islam no longer a crime

For the first time in decades, Sudan is to allow non-Muslims drink alcohol. The country has also scrapped laws that had made leaving Islam...

COVID-19: NCDC announces discharge of 13,447 patients, 571 new cases

The Nigeria Center for Disease Control, NCDC, has said that the total number of COVID-19 patients discharged in the country is now 13,447 following...

Nigerian newspapers: 10 things you need to know this Monday morning

Good morning! Here is today’s summary from Nigerian Newspapers: 1.The suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has been...

EFCC: Magu worked for Osinbajo, Tinubu, they are his godfathers – Fani-Kayode

Femi Fani-Kayode, the former Minister of Aviation, has alleged that Ibrahim Magu, the suspended Chairman of the Economic and Financial Crimes Commission, EFCC, worked...

Nigeria Police, INTERPOL arrest 3 suspects over cybercrime

Operatives of the Nigeria Police Cybercrime Unit and the INTERPOL National Central Bureau (NCB), Abuja have arrested three suspects over advance fee fraud, money...

Nigerian Army speaks on recruitment advert

The Nigerian Army has called on members of the public to ignore an advert purportedly seeking to enlist young Nigerians into the army. Maj. Nsima...

Trending

Ibadan most wanted criminal gang leader, Ebila, killed

The leader of the “One million boys” gang and most wanted Ibadan criminal, Biola Ebila, has been killed by the police. The Police Public Relations...

NPower starts test for Agro applicants, N-Agro

N-Power has announced the commencement of assessment tests for volunteers who applied under N-Agro (agriculture) today. The N-Power is a Federal Government initiative to elevate...

brahim Magu: Fresh facts on re-looting of recovered funds emerge

More revelations have emerged on how recovered funds were allegedly re-looted under the watch of Ibrahim Magu, the suspended acting Chairman of the Economic...

Nigerian Army speaks on recruitment advert

The Nigerian Army has called on members of the public to ignore an advert purportedly seeking to enlist young Nigerians into the army. Maj. Nsima...

Ize-Iyamu accuses Obaseki of bribing PDP with 15bn for guber ticket

Pastor Osagie Ize-Iyamu, the All Progressives Congress, APC, governorship candidate in Edo State, has accused the state Governor, Godwin Obaseki of bribing his way...