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| Gov. Dapo Abiodun of Ogun inside the first fibre optic cable manufacturing factory in West Africa, the Coleman Wire and Cable Fibre Optic Company he inaugurated on Thursday. |
Gov. Dapo Abiodun of Ogun on Thursday inaugurated the first fibre optic cable manufacturing factory in West Africa, the Coleman Wire and Cable Fibre Optic Company.
The multi-billion factory is the 5th plant in the African
continent as the plant and the technical know-how are being done in
collaboration with the largest fiber-optic producer in the world, Corning Inc.
The Managing Director / Chief Executive Officer of CTIL, Mr.
George Onafowokan disclosed that the drive was to have a localized fibre optic
manufacturer in Nigeria and particularly to provide jobs for thousands of
people.
The development, according to him, was a response to
President Buhari’s call for rapid development of digitalization penetration in
Nigeria economy and the drive for local content development in country capacity
building, driven by the Nigerian Content Development and Monitoring (NCDMB).
He said, “This is neither the first nor the last, we will be
breaking ground on three times the size of this in Ogun state in the next three
weeks, which will take the project size. That will build capacity for this
country; it will build capacity for West Africa, Central Africa and 50percent
of the whole African continent.
“It will make Coleman the biggest fibre optic cable factory
in African continent. The synopsis of our business is based on the premise of
believing in Nigeria and growing local capacity; building the Nigeria ideology
and breaking the barriers,” Onafowokan said.
He commended the commercial and technical team of Corning
Inc. for the confidence and unflinching support accorded Coleman Wires and
Cables on the project.
In his remark, the Director, Fibre Business in Europe,
Middle East and Africa (EMEA) at Corning Inc. USA, one of the world’s leading
innovators in material science, Mr. Steve J. Candler disclosed that there is a
huge opportunity for content in Nigeria and neighbouring countries arising from
increasing demand for bandwidth hungry services driven by changes in ‘how we
work, entertain ourselves and communicate with each other.’
Governor Dapo Abiodun of Ogun State who commissioned the
project commended the company for the giant stride while he assured of
continuous support by his government.
The Minister of Industry, Trade and Investment, Otunba
Adeniyi Adebayo said the factory, he said has finally positioned Nigeria to
significantly meet the nation’s demand for cables and wires and provide
opportunity for the company to actively participate in the African Continental
Free Trade Area (AfCFTA).
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