Industry News

Nigeria’s industrial sector continues to evolve through strategic partnerships, bold investments, and a shared commitment to long-term economic growth. These collaborations are helping to strengthen local manufacturing, expand capacity, and create sustainable opportunities across key industries. A recent visit to the headquarters of CIG Motors highlighted this growing momentum. Following the successful close of CIG Motors’ ₦30 Billion Commercial Paper Issuance, Mr. George O. K. Onafowokan, Managing Director and CEO of Coleman Technical Industries Limited, met with CIG Motors Chairman, Chief Diana Chen, to celebrate the milestone and discuss the future of Nigerian industry. As one of Nigeria’s leading manufacturing companies, Coleman Technical Industries has consistently demonstrated the value of leveraging the capital market to drive expansion, strengthen production capacity, and support long-term business growth. The company’s successful track record serves as a strong example of how indigenous businesses can scale through strategic financing and disciplined execution. During the visit, Mr. Onafowokan congratulated CIG Motors on the successful Commercial Paper issuance and commended the company’s continued investments in mobility solutions, local vehicle assembly, and initiatives that contribute to Nigeria’s industrial development. The engagement reflects a broader trend of increasing confidence among leading Nigerian industrial players in the country’s growth potential. It also underscores the importance of collaboration between businesses that are committed to building local capacity, driving innovation, and supporting economic transformation. As Nigerian companies continue to invest in manufacturing, infrastructure, and industrial development, partnerships such as these will remain essential in creating a stronger and more resilient economy for the future.

Coleman Wires & Cables recently hosted the team from Eko Electricity Distribution Company (EKEDC) in a productive engagement focused on strengthening Nigeria’s power infrastructure. The visit created an opportunity to align on key priorities shaping the future of the energy sector—reliable power distribution, increased local manufacturing capacity, and the systems required to meet Nigeria’s rising electricity demand. As the country continues to expand its energy network, these conversations are essential to ensuring long-term sustainability and efficiency. A major highlight of the engagement was the shared commitment to deeper collaboration between distribution companies and indigenous manufacturers. Strengthening this partnership is critical to building a more resilient and responsive power ecosystem, capable of supporting economic growth and industrial development. At Coleman, our focus remains clear: delivering quality, consistency, and scale in cable manufacturing. By continuously improving our processes and expanding capacity, we are well-positioned to meet the evolving needs of the power sector and contribute meaningfully to national development. We appreciate EKEDC for the visit and value the ongoing partnership as we work together to drive progress across Nigeria’s energy landscape.

It was a pleasure to welcome Prince Henry Iseghohi, Managing Director/CEO of BroadBased Communications Limited, to the Coleman Wires and Cables facility. The visit underscores the growing synergy between high-capacity fibre network providers and world-class local manufacturing. As Nigeria accelerates its journey toward a more digitally connected economy, partnerships like this play a critical role in building resilient infrastructure and expanding access to reliable connectivity. At Coleman Wires and Cables, we recognize that the future of Nigeria’s digital economy depends on strong collaboration between infrastructure providers and indigenous manufacturers. By aligning expertise in fibre connectivity with locally produced, high-quality cable solutions, we are contributing to a more sustainable and self-reliant industrial ecosystem. BroadBased Communications has continued to lead in open-access fibre connectivity, driving innovation and improving network accessibility across the country. We are proud to share a common vision rooted in excellence, innovation, and the advancement of local content development. Together, collaborations like this will remain a key driver in shaping a connected, competitive, and future-ready Nigeria.