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Oraimo to build mobile technology factory in Nigeria

Friday, 10 June 2022 18:11
Oraimo to build mobile technology factory in Nigeria

(Ecofin Agency) - Nigeria is one of the largest telecom markets in Africa, with over 201 million subscribers by April 2022. It is, therefore, an attractive market for mobile phones and accessory manufacturers. 

Smartphone accessory manufacturer Oraimo Mobile Technology has announced plans to build a large mobile technology factory in Nigeria. The venture was revealed by Oraimo Managing Director Chidi Okonkwo, during the inauguration of the manufacturer’s flagship store and customer experience center at Jabi Lake Mall in Abuja city.

Baptized "The Green World," the flagship store is intended to be a retail outlet for all quality mobile accessories. During the inauguration, Okonkwo emphasized the company's commitment to quality, sustainable and affordable products. “Nigeria has come of age with a teeming population of tech-savvy young professionals and educated youths that can accommodate the siting of the largest mobile technologies production factory in Africa,” he said. 

Speaking during the event, Emeka Offor, Acting Executive Secretary of the Nigerian Investment Promotion Commission (NIPC), commended Oraimo’s contribution to economic growth and the development of human capital. “It is high time we stopped the importation of commodities into Nigeria. The time has come for production to be predominant in Nigeria, and from here, we will export to other African nations and the entire world,” he said. 

The future plant is announced in a context marked by substantial government efforts to attract investments from major digital industry players and drive technology development in line with the country’s 2022-2025 Digital Development Strategy. Last April, the Nigerian Senate passed a bill creating a national industrial and technology park. 

Isaac K. Kassouwi





 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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