Innoson Vehicle Manufacturing Company (IVM) uses 60 percent of locally manufactured components in producing its vehicles, the Chairman, Chief Innocent Chukwuma has said
He said his firm produced vehicles according to customers’ demands.
Chukwuma, who spoke in Uru Umudim Nnewi, Anambra State while hosting the Chairman/CEO of Oilserv Group of Companies, Emeka Okwuosa, said: “We make all the carcass of all our vehicles here, but we import some engines and electrical and body parts, but produce all the plastic parts here.
“We have produced many new vehicles according to the demands of the customers and what they need those vehicles for,” adding: “Even if they need what we do not have, we can make the mould and produce their request and specifications. That is why we are a vehicle manufacturing company, not assembling company.”
Earlier, Okwuosa said his firm was committing over N600 million to procure vehicles from Innoson Vehicle Manufacturing company to support local content, urging the Federal Government to invest massively to improve infrastructure in Nigeria.
He stressed the need for the federal government to encourage industries and roll out good policies that would enable businesses to thrive.
“I am a believer in private enterprise. I do not believe the government should go into building and managing industries or be in engineering, but government should rather articulate and provide the capacity and the enabling environment that would make sure that local industries survive.
“I believe that we should develop local capacity, capacity building not just in terns of infrastructure, but human capacity development which should start from education to training.
“If that is carefully and constantly carried out over a period of time in a well structured manner, Nigeria would develop more than we could imagine because we have people that are capable of thinking and working hard,” he added.
Gregory University, Uturu Abia State, one of Nigeria's best private universities
Governor Okezie Ikpeazu of Abia State has mandated the Gregory University, Uturu (GUU) to produce 30,000 bottles of hand sanitizers for the state.
This was the outcome of the government’s special education summit which was in partnership with the university in the war against Covid-19 in the state.
Disclosing this to journalists, the Vice Chancellor of GUU, Prof Augustine Uwakwe stated that the development is in furtherance of the mutually beneficial partnership between Abia State government and the institution.
According to him, “the public private partnership initiated by the GUU, through the Chancellor, Prof Gregory Ibe is designed to work out a synergy between the institution that has facilities for practical learning in making some products for the state rather than relying on importing goods which the university has ample capacity to produce.
“Relying on this relationship we have donated COVID-19 test kits, digital infrared thermometers, ambulances, hand sanitizers, decontamination services and bags of rice to aid the government’s war against COVID-19. It is therefore in recognition of the potency of the hand sanitizers we produced and donated to the government that we were subsequently commissioned to produce 30,000 bottles of our comprehensive hand sanitizers”.
Prof. Uwakwe also revealed that the university decontamination team has been recruited to assist in fumigating some public schools in readiness for resumption of academic activities.
At the time of filling this report substantial quantity of the required 30,000 bottles of the GUU Comprehensive Hand Sanitizers had been produced and made ready for delivery to the state Inter Ministerial Committee on COVID-19.
More than 100km outside the ancient city of Xi’an, among the overgrown forests, rise scores of pyramid-shaped mounds that have been shrouded in mystery for thousands of years.
The West learnt about them when Fred Meyer Schroder, an American trader, first reported the enigma in 1912. At the time, he was travelling through the Shaanxi Province with a guide, where he recorded a thorough description in his diary, noting he had seen one giant pyramid approximately 1,000 feet tall and nearly twice that size in length, surrounded by a number of smaller pyramids.
Fast-forward three decades and US Airforce pilot James Gaussman would be left mesmerised by a “pure white” structure spotted while flying over Asia, said to be twice the size of the Great Pyramid of Egypt.
He said: “The remarkable thing was the capstone, a huge piece of jewel-like material that could have been crystal.
“There was no way we could have landed, although we wanted to. We were struck by the immensity of the thing.”
Two years later, Colonel Maurice Sheahan, the Far Eastern director for Trans World Airline, reported the same experience.
In the early 1990s, German investigator Hartwig Hausdorf searched for the massive pyramid, but he was unsuccessful in finding it.
Instead, he found “the Chinese military meticulously patrolling the area,” according to reports.
Today, Google Earth will show anyone with the right coordinates evidence of not just one, but around 40 known pyramids, but not all are easily distinguishable to the human eye.
They are covered with trees and grass, and many date back 8,000 years.
This region, in essence, is China’s version of both Egypt’s Giza and the Valley of the Kings in one, particularly because there is a huge amount of royalty rumoured to be beneath the surface that no one has disturbed.
As early as the 17th century, a Roman Jesuit wrote about the pyramids, and in 1785, the French orientalist and sinologist Joseph de Guignes wrote ‘An Essay in Which We Prove The Chinese Are an Egyptian Colony’.
Western archaeologists have, to this day, rarely been permitted to investigate the sites and some have claimed photos show shrubs have been deliberately planted to keep the secret under wraps.
But experts theorise there are almost certainly lost emperors and artifacts below the mounds that would dwarf Howard Carter’s 1922 discovery of Tutankhamun.
In 1974, the world got a peek of a truly extraordinary history of China when two farmers were digging just outside Xi’an and discovered the famous terracotta army of China’s First Emperor – Qin Shi Huang.
There were legends that he had been buried inside a veritable mini-city with palaces, carriages, treasures, and anything else he’d need in the afterlife – and through luck, or fate, these farmers hit the jackpot.
The site is so massive, researchers are “going to be digging there for centuries,” archaeologist Kristin Romey told Live Science in 2012.
But the Emperor himself has never been found.
The authorities have opened up sites like the Han Yang Ling Mausoleum to tourists, but no-one is allowed to excavate them.
Xi Jinping’s government says the technology does not exist yet to disturb the pyramids without damaging its contents, citing King Tut’s discovery for reference.
Dr. Romey previously remarked: “It’s really smart what they’re doing.
“Think about all the information we lost just based on the excavation techniques of the 1930s.
“There’s so much additional [information] that we could have learned, but the techniques back then weren’t what we have now.
“Even though we may think we have great archaeological excavation techniques [at present], who knows, a century down the road if we open this tomb [they could be even better].”
Terra Cotta warriors of Xi’an located close to the pyramids that still off limits for excavation
Chinese strong “veneration of tradition” culture could mean they simply wish to leave their royalty at peace, which means there will be no choice but to watch them recede back into the Earth with their secrets – until someone decides otherwise.
But, due to the area being shrouded in secrecy, there are also doubts from some experts whether the White Pyramid even exists.
Experts have squabbled over both the location and the feasibility of such a monumental structure.
Miss Oyiri Egwu Okoche, a mother of three, who hails from Amaisu, Afikpo North Local Government, that was rescued from Lagos State recently, has been given automatic employment by Ebonyi State.
The attention of Governor David Umahi was brought to the disturbing video clip of the woman and her three children on social media, after a Lagosian posted a video clip of them suffering and roaming the streets of Lagos without help.
Umahi quickly directed that the woman and her children be swiftly rescued and brought to the state.
The Caretaker Chairman, Afiko North Local Government, Hon. Mrs. Amauche Godwin Otunta, told newsmen that an accommodation had been provided for the woman at the local government’s lodge, as part of series of efforts towards rehabilitating her and her children, as directed by the governor.
She noted that the woman is from her local government, and that the video clip of her and her children on Internet, roaming the streets of Lagos got the governor’s attention, who immediately directed and dispatched a delegation to Lagos to rescue them.
She commended the Governor for his quick intervention, promising to ensure that the woman and her children are properly rehabilitated and reintegrated into the society.
Speaking to newsmen, the visibly elated woman, who was full of gratitude to Umahi, narrated how a man, by name Idowu Shittu, from Abeokuta in Ogun State, maltreated her for 16 years in the name of marriage and later abandoned her and her children to suffer in Lagos.
The Central Bank of Nigeria (CBN) has asked commercial banks to share their customers’ data with financial technology (Fintech) companies to increase access to financial services and provide better services to customers.
CBN Director, Payment System Management, Musa Jimoh disclosed this yesterday during the virtual FirstBank FinTech Summit 4.0 held in Lagos with the theme: “How Blockchain and Artificial Intelligence will Disrupt FinTech in Nigeria”.
He said the directive was in line with the apex bank’s five- year vision and open banking regime policy that would require banks to open their account base to Fintechs to bring more people into the financial system.
Jimoh described Fintechs as technology-enabled innovation in financial services that could result in new business models, applications, processes or products with an associated material effect on the provision of financial services.
Fintech firms like Quick-teller, MoniDey, Baxi, PocketMoni, Unified Payments, Paga, Cellulant, to mention but a few are now part of the financial system, offering banking services to both the banked and unbanked within the population.
The companies are helping consumers in bill payments, retail payments, airtime purchases and use of Unstructured Supplementary Service Data (USSD) transactions. They also collect payment from all spectrums of the population – whether banked or not.
Jimoh said the CBN is also boosting the use of artificial intelligence in banking, and promoting digital payment access all sectors of the economy.
