• Firm partners FIIRO on industrial revolution

Chairman and Chief Executive Officer of Silicon Valley Nigeria Economic Development (SV-NED) Energy Ltd, Chief Amina Temitope Labinjo-Ajayi, has said foreign investors, facilitated by SV-NED, will be visiting Nigeria in few weeks to invest about $19.5 billion in the different sectors of the country’s economy.
  
Noting that the country had abundant human and material resources, she said Nigeria needed to be energised to achieve industrial revolution and economic transformation.
  
She called for collaboration of all stakeholders to advance the country, noting that China, Libya, United States, Germany, Japan, China, the United Kingdom and other developed countries achieved their growth and transformation because of industrial advancement and societal ethics.
  
The planned visit was disclosed in a statement yesterday in Lagos during the signing of a Memorandum of Understanding between Silicon Valley and the Federal Institute of Industrial Research, Oshodi (FIIRO).
  
The MoU signing ceremony was attended by the SV-NED team, including a board member of the company, Mr Oludotun Ogunnubi, led by Labinjo-Ajayi; FIIRO management and staff, led by the Director General, Dr Mrs Jummai Adamu Tutuwa; Special Adviser to the Lagos State Governor on Agriculture and Food Systems, Dr Fashola Rotimi, represented by Timileyin Awopetu; and officials of Wema Bank, Marina branch, led by Business Development Manager, Wema Bank, Christopher Labiran.
  
Labinjo-Ajayi said the partnership would facilitate industrial revolution, skill development and entrepreneurship in the country. She said: “Silicon Valley Nigeria Economic Development Energy Ltd is proud to announce its partnership with FIIRO through the signing of a Memorandum of Understanding. This historic agreement falls under the auspices of President Bola Ahmed Tinubu’s Renewed Hope Initiative, aimed at driving economic growth, innovation and development in Nigeria.

“The key partnership highlights are to stimulate economic growth and development in Nigeria; promote innovation and entrepreneurship through research and development projects; train and employ National Youth Service Corps (NYSC) members in converting petrol cars to Compressed Natural Gas (CNG); align with the agenda and objectives of the Renewed Hope Initiatives of President Tinubu, including the Housing-For-All initiatives.”
  
Tutuwa, in her address, said she was happy to have SV-NED management to explore potential collaborations on providing corps members and other Nigerian youths opportunity for training to acquire skills in converting petroleum and diesel-powered vehicles into compressed Natural Gas (CNG) vehicles, and to partner on modern day Agriculture Nano technology and other FIIRO developed technologies.