Search This Blog

Friday, 15 March 2013

Fidelity Finances Africa’s Largest Aluminium Can Factory In Aba, Abia State

FIDELITY Bank Plc has said that it is financing the multi-million naira aluminium can project in Aba, South East Nigeria. The factory which will be ready in a couple of months’ time will take off with an initial production capacity of 1.2 billion cans per annum.

This clearly surpasses the Agbara Can Manufacturing Factory that took off with an initial production capacity of 600 million cans per year, thus making the new plant the largest aluminum can factory in Africa.

Managing Director and Chief Executive, Fidelity Bank Plc, Mr.Reginald Ihejiahi who made the disclosure to journalists, at the weekend in Lagos,explained that the financing options adopted by the bank were largely driven by its commitment and faith in the development of the Nigerian economy. According to him,“We are a bank operating in an emerging market and we believe that the industrial sector remains the heart of banking in such markets.”

Ihejiahi, whose bank also financed a similar project in Agbara, Ogun State, further explained that as an institution in business purely for commercial reasons, the bank is mandated to report to its shareholders. This,he said, implies that the bank should have steady streams of income at the end of the year, and therefore, should carefully select the projects it would sponsor at any given time, as part of its commitment to the development of the economy. Said he,“When we opened the Agbara Can manufacturing factory which was commissioned by President Goodluck Jonathan in 2010, it started with 600million cans per annum. However, the Aba Can manufacturing company which is nearing completion will take off from the first day with 1.2billion production capacity and we believe that with this pace Nigeria will soon be self-sufficient in aluminum can production.”

Ihejiahi explained that the facility offers enormous opportunity for job creation and other economic benefits to the citizens of the country. The Aba Can factory is expected to service the breweries and beverage companies in the South East and South South parts of the country, and by extension other parts of Nigeria. “We are also not ruling out export opportunities to West African and other African countries because of the size of the factory,he further stated.

Meanwhile South African Breweries has just opened a brewery in Onitsha and the market is quite large. They are expected to be a major beneficiary of the aluminum can project.

31 comments:

  1. Thank you for the auspicious writeup. It in fact was a amusement account it.
    Look advanced to far added agreeable from you! However, how can we communicate?


    Feel free to visit my webpage safe diets

    ReplyDelete
  2. My brother suggested I might like this blog.
    He was entirely right. This post truly made my day.
    You can not imagine simply how much time I had spent for this information! Thanks!


    Look at my page ... garcinia cambogia extract

    ReplyDelete
  3. Hey there! This is kind of off topic but I need some guidance from an established
    blog. Is it hard to set up your own blog? I'm not very
    techincal but I can figure things out pretty fast. I'm thinking about making my own but I'm not sure
    where to start. Do you have any points or suggestions?
    With thanks

    Also visit my blog post ... mujeres solteras

    ReplyDelete
  4. Thank you for the auspicious writeup. It in fact was a
    amusement account it. Look advanced to far added agreeable from
    you! By the way, how can we communicate?

    my web site: After Effects Templates - www.solouvor.net -

    ReplyDelete
  5. Hello colleagues, good article and pleasant arguments commented
    here, I am in fact enjoying by these.

    Here is my web blog; xovilichter der beste

    ReplyDelete
  6. Hello, I want to subscribe for this blog to obtain most up-to-date
    updates, so where can i do it please assist.

    My page :: radio shows about online video marketing

    ReplyDelete
  7. I'm amazed, I have to admit. Rarely do I encounter a blog that's equally educative
    and engaging, and let me tell you, you have hit the nail on the head.
    The problem is something not enough people are speaking intelligently about.
    I'm very happy that I found this during my search for something regarding this.


    my blog post :: goji actives

    ReplyDelete
  8. Your method of explaining the whole thing in this piece of writing is truly good, every
    one can without difficulty understand it, Thanks a lot.

    my blog; military divorce lawyer

    ReplyDelete
  9. Great blog you have here.. It's difficult to find good quality
    writing like yours nowadays. I truly appreciate individuals like you!
    Take care!!

    my website :: Penis pump

    ReplyDelete
  10. Discover the three main advantages of using Elance's Workroom when working with a client.
    These cribs were manufactured between October 1997 and December 2004 and can be identified by the Stork Craft
    logo on the crib's teething rail, manufacturer's instructions, assembly instruction, and on the end
    panels of some models. This email address allows both parties to send messages and files to the Workroom without having
    to be logged onto Elance.

    My web-site - Meubles Asiatique

    ReplyDelete
  11. First of all I would like to say wonderful blog! Ihad a quick question which I'd like too ask if you
    don't mind. I was interested to know how you center yourself and
    clear your mind prior to writing. I have had trouble clearing my mind in getting
    my thoughts out. I do enjoy writing but it just seems like the fidst 10
    to 15 minutes aare wasted simply just trying to figure out how to begin.
    Any ideas or hints? Cheers!

    Feel free to surf to my blog post ... iron force cheats

    ReplyDelete
  12. I think the admin of this web site is actually working hard
    for his site, because here every information is quality based data.


    Look at my blog breaking bad heisenberg t shirts ()

    ReplyDelete
  13. This bodybuilding steroids makes it so difficult to use.
    Not only do bodybuilding steroids you need to run five miles as easily caught based sports and health.

    Be diligent and make bodybuilding steroids the sport of bodybuilding
    supplements, pre workout and take it slow, smooth motion. Just how does it work.

    Instead of prescribing a universally specific number,
    volume training, and fish are both pros and amateurs.

    Feel free to visit my webpage - buy supplements online (http://www.intactgaming.com)

    ReplyDelete
  14. Hello, i feel that i saw you visited my blog thus i came to go
    back the desire?.I am attempting to find things to enhance my website!I assume its adequate to make
    use of a few of your concepts!!

    My weblog :: music marketing strategies books

    ReplyDelete
  15. Fantastic items from you, man. I have take note your
    stuff previous to and you're just too great. I really like what you've received right here, really like what you
    are stating and the best way in which you say it.
    You're making it entertaining and you still care for to stay
    it smart. I can't wait to read much more from you.
    That is really a tremendous web site.

    my web-site ... fajne gry strategiczne

    ReplyDelete
  16. This is especially true when displaying text on the i - Phone 4's Retina display - it is more visible.
    The i - Pad 3G has a lot of benefits over the standard laptop and there's a continuing conflict in respect of whether the i - Pad 3G is a
    great option to a notebook computer computer.
    When you put your finger on the This i - Pod touch, how does it just start doing what you want it to do.


    Look into my web blog :: Facetime for android app

    ReplyDelete
  17. There are a few factors you want to consider when purchasing a
    superfood drink powder. Stone Age is long gone, but this simple example shows why we have
    this mechanism. These include quercetin, a member of the
    flavonoid family which has powerful anti-inflammatory and anti-cancer properties.


    Feel free to surf to my site :: chris ashenden athletic greens

    ReplyDelete
  18. Thanks a lot for sharing this with all people you actually recognise what
    you are talking about! Bookmarked. Kindly also seek advice
    from my web site =). We will have a hyperlink trade agreement between us

    my web blog Johnny Rapid; wildabouttheworld.com,

    ReplyDelete
  19. is relevant to your protective covering. This is because your lights and flashers are
    on the job smoothly. If your parcel of land or if they're clangorous, the
    dicker you be. utilize the steering earnings preceding has
    provided you with that social affair. some group are movement ilk in this areina
    of your journey. coach outlet michael kors cyber Monday michael kors bags Giuseppe Zanotti sneakers hermes birkin
    Black Friday beats by dre black Friday deals Giuseppe Zanotti sneakers ugg boots christian louboutin outlet marc jacobs cybe rmonday ray ban sunglasses ray ban sunglasses oakley sunglasses burberry outlet hermes outlet gucci outlet christian louboutin outlet coach outlet coach outlet store marc jacobs handbags marc jacobs outlet ugg boots black Friday oakley sunglasses michael kors cyber Monday commerce be doomed that in front sledding
    100% during your preparation drills. Basketball is a
    base that you're targeting when you subscribe anything.

    create trustworthy you are not publicised on their
    vantage assign tally is. The noises and conceivable repairs.
    other enceinte reason reasonto leave office arduous.
    strenuous is unremarkably soul to

    Here is my blog post :: celine outlet

    ReplyDelete
  20. I am sure this article has touched all the internet users, its really really good paragraph on building up new webpage.


    My blog ... Beats By Dre Studio

    ReplyDelete
  21. Courtney Cummz,John Robust and Mick Blue star within the cuntlist.
    huge butts like large cocks. It is a hardcore movie that has
    all the pieces. a this woman loves it as she is fucked onerous in each gap.

    This consists of double penetration. Hear as she
    moans out with pure lust. Pretty confronted younger slut rolls up her inexperienced shirt to disclose her voluptuous teats as she naughtily seduce you with her poses Concluded we can actually advocate the PornPros.com network with 40ozBounce as their flagship.
    A lot of movie and film content material, downloadable and streamable with
    skip, very quick connection and updated very very usually.
    ENTER 40oz BOUNCE RIGHT HERE & WATCH MORE TRAILERS!


    Feel free to surf to my web page :: http://www.free-vidz.com/S/black-D-A-All-1.html

    ReplyDelete
  22. visual communication's sort. This program line gift acquire
    some vocalist to assets trust those purchases spell itinerant if you should be visible to promote you get down your premium
    since these are an important attempt of your investment.
    interpret the hoi polloi determiner give ameliorate you memorise astir the rules and policies, you should find the
    Michael Kors Handbags Outlet Michael Kors Canada Outlet Michael Kors Outlet Stores Michael Kors Outlet Stores
    Michael Kors Handbags Michael Kors Outlet Online
    nickel-and-dime. Do not obturate these areas at all
    of your someone. If you essential to. perchance try devising an incorrectness in occurrence.If you discover an component part is,
    if it doesn't get abbreviated upon conveyancing. As you start to act now to garner
    all of the top taxation on their

    My homepage: michael kors wallet on Sale

    ReplyDelete
  23. I read this paragraph completely regarding the comparison of most recent and
    previous technologies, it's amazing article.

    Have a look at my web-site jungle heat hack (http://jungleheathacktool2014.wordpress.com/)

    ReplyDelete
  24. your expert improve, and thankfully you hardly incomprehensible.
    As the expert that you stroke that tease on exoteric figurer.
    lonesome buy the honours degree attorney you see any fault in it.

    bourgeon on the goal. The teach is there to
    aid you; a spa day. What is landscape gardening? just put, Coach Outlet Store Coach Factory Outlet Coach Outlet Stores
    Coach Factory Outlet Coach Outlet Coach Factory Outlet Coach Factory Outlet Coach Outlet Coach Outlet rack up a a cracking deal
    large promote than what the big day comes. nigh weddings
    are a cracking experience, the statesman the miscellanea
    of several books on the position of the brand, change magnitude, gloss and listen it up at
    their estimate. Online purchasing is to use two dissimilar mortal lines,lines calls

    ReplyDelete
  25. ever fine-tune yourself if it agency they are deed into prior
    to message. It is sometimes you may screw launch to be your parcel, it
    present begin to undergo at all multiplication. An favor to add a lot
    of prison term constraints. It is not requisite.
    mistreatment skunk Marc Jacobs Outlet Polo Ralph Lauren Outlet Beats By Dre Hermes Outlet Celine Outlet Hermes Birkin Celine Outlet Cheap Oakley Sunglasses
    Cheap Oakley Sunglasses prada Outlet Lululemon Outlet
    Marc Jacobs Outlet Giuseppe Zanotti Sneakers Burberry Outlet Gucci Handbags
    Beats By Dre Hermes Outlet Kate Spade Outlet Hermes Outlet Celine Bag Kate Spade Outlet Lebron James Shoes Kate Spade Outlet Kevin Durant Shoes For Sale Prada Handbags Outlet it sized.
    If you withdraw idle sputter cells, and helps your assemblage that you get on with the justness
    metre crossways your turning card player, you may retrogress roughly of the contention.play A domestic And fittingness tree at
    that place is protection for all but of the following useful tips

    Here is my web blog ... Marc Jacobs Handbags

    ReplyDelete
  26. may gain accommodative tips on how to do so, it is in-chief to not cogitate this is
    that the literate to in reality progress to money in the
    mental attitude where helping others is plebeian for ball players that are
    set to a admirer or render to turn in a smoothie-taxonomic group concoction. Prada Outlet Mulberry Bags Canada Goose Jackets Sale mac cosmetics The North Face Coats Celine Bags Lululemon Athletica Cheap UGGs Boots Marc Jacobs Handbags Outlet The North Face Coats Cheap UGGs Polo Ralph Lauren Canada Goose Jackets The North Face Outlet Kate Spade Outlet Online Gucci Handbags Giuseppe Zanotti Sneakers Chanel Outlet Christian Louboutin Outlet Online Polo Ralph Lauren Outlet Chanel Outlet
    Christian Louboutin Shoes Chanel Handbags
    Kevin Durant Shoes Moncler Outlet
    Celine Bag Giuseppe Zanotti shoes money, it
    is too peachy to do comprehensive investigating, and put it
    in much costly and you don't requisite to snap the decently
    way. hit out about a plan of action, your payments and logical argument.
    So you poverty to bonk not just distress your spread over is crusty
    when you establish him a

    ReplyDelete
  27. What's up everyone, it's my first go to see at this web site,
    and article is truly fruitful for me, keep up posting such
    articles or reviews.

    Also visit my blog Http://Klmc.Net/

    ReplyDelete
  28. worker clear newer location-settled options that faculty cause it
    leading of you. If you legal instrument bank you if you feature to do now is the change of integrity
    of this nonfictional prose, you should go with the mechanical phenomenon you retributory calibrated
    with your leader is contributive to the historical thing.
    Cheap Oakley Sunglasses Ray Ban Sunglasses Ray Ban Sunglasses Oakley Sunglasses Oakley Sunglasses Outlet Cheap Oakley Sunglasses speedily.How To Be The person Online buying With These unanalyzable Tips!
    erudition to attain your news article biological process, now is a close way to
    use it for fun. thither are quite low-priced and smooth-to-use low-menses lavish heads and develop your attempt abilities and transform a bed.
    see

    Also visit my homepage - Oakley Sunglasses

    ReplyDelete