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Cross River Partners Innoson to Launch Assembly Plant at Tinapa

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Cross River Innoson assembly plant

Cross River Innoson assembly plant to create jobs, train youths, and boost industrialisation with CNG vehicles and tyre production at Tinapa Resort

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The Cross River State government has unveiled plans to collaborate with Innoson Vehicle Manufacturing Company on setting up an automobile assembly plant at Tinapa.

Also read: UK Investment in Africa Surges as Nigeria Attracts New Business Amid US Trade Decline

Awatt Caleb, Special Adviser to Governor Bassey Otu on Local Content, confirmed the development following a strategic meeting with Innoson Group Chairman, Dr Innocent Chukwuma, in Nnewi.

“This partnership will transform the local economy by training youths and driving investment,” Caleb stated.

The state has offered land at the Tinapa Business and Leisure Resort for the project. Innoson intends to produce Compressed Natural Gas (CNG) vehicles, electric cars, and tyres through a rubber value chain.

In addition to vehicle production, the initiative includes agro-industrial projects and a broader focus on youth empowerment. Caleb highlighted that these efforts are in line with Governor Otu’s “People First” agenda.

To complement this move, the state also plans to organise a Local Content Summit aimed at attracting diaspora investors and professionals.

Also read: Oando Clean Energy, Cross River State, Sign MoU on Renewable Energy Infrastructure

The upcoming summit is expected to support economic revival and further promote sustainable industrialisation in Cross River State.

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Business

How EIB, AfDB and EU Are Unlocking Nigeria’s Entrepreneurial Potential

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Nigeria’s entrepreneurial potential deserves investment—and the support to turn ideas into growing businesses.

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Through Boost Africa, the European Investment Bank (EIB), together with the African Development Bank (AfDB) and with EU support, is strengthening entrepreneurship and innovation.

By supporting venture capital investment and providing technical assistance, Boost Africa helps African businesses, including those in Nigeria, access capital, expertise
and networks to grow and reach new
markets.

Meet one of the businesses behind the Boost Africa story. Hear Daya’s
co-founders, Tomiwa “Aleph” Lasebikan, and Paul Joe share the company’s journey and ambition to connect African businesses to global markets.

▶️ Watch Daya’s Boost Africa story:

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ENERGY

NISO Warns of Severe Power Supply Strain as Gas Runs Short

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 NISO power generation has fallen as gas shortages and low reservoir levels constrain thermal and hydroelectric plants, worsening supply nationwide

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Business

Boost Africa Fuels Daya’s Bold Cross-Border Ambitions

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 Boost Africa Daya highlights how investment is supporting Nigerian fintech innovation and easier cross-border payments for African businesses

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