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SMEDAN, Japanese firm discuss investment in Abuja

15 August 2013, 09:12

Abuja - Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and Kaiho Sangyo of Japan, have commenced discussions on the establishment of vehicle recycling plant in Abuja.

Director-General of SMEDAN, Bature Masari, said this on Wednesday in Abuja during a meeting between the agency and the Japanese company.

The company’s delegation was led by the Project Consultant and Team Leader, Masayoshi Matsushita.

Masari said the discussion was on the proposal for conversion of the Industrial Development Centre (IDC) Idu Industrial Layout, Abuja, to a vehicle recycling plant.

He said the IDC was one of the 23 of such centres established by the Federal Government as a business incubation centre and Industrial Park, which had remained largely under-utilised over the years.

According to him, the proposed vehicle recycling plant is expected to recycle old and abandoned vehicles into three kinds of steel namely: metal, aluminium and copper.

He said the steel would be converted into motor body and spare parts in the nearest future.

Masari reiterated the desire and readiness of the agency to support any good venture that would bring about development of MSMEs and creation of jobs for Nigerian youth.

In his remark, the leader of the Japanese delegation, Masayoshi Matsushita, said that rickety and abandoned vehicles that littered the nooks and crannies of Nigeria were an eyesore and could contaminate the environment.

He said that the company would produce several spare parts from the scrap metal from the old vehicles when compressed.

"It is a complicated process of conversion and we are targeting recycling about 3 900 of the rickety vehicles within a year, we have done the feasibility studies.

"We have the required personnel as we have sent out 10 Nigerians to Japan for technical training for three months,” he said.

The consultant said the project would provide employment for 'a good number' of Nigerians.


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