Nigerian businessman and chairman of the Cubana Group, Dr. Obinna Iyiegbu, popularly referred to as Obi Cubana, has revealed plans to launch a tricycle assembly plant in Ebonyi State.
Speaking to journalists on Tuesday, March 25, 2025, after meeting with Governor Francis Nwifuru in Abakaliki, Obi Cubana outlined the reasons behind his decision to invest in the state.
He also praised the governor for promoting peace, strengthening security, and enhancing infrastructure, all of which, he noted, have made Ebonyi an appealing location for business ventures.
“There is a peaceful environment, enhanced security, and improved infrastructure under the Nwifuru-led administration. I commend the governor for creating an enabling environment for businesses to thrive, making Ebonyi a preferred investment destination,” he stated.
The business mogul went on to emphasize that the project will primarily focus on the assembly and distribution of tricycles.
He also stressed the need to invest in his home region, rather than directing all business efforts to other states.
In his words;
“As renowned businessmen, we cannot continue investing in other states while neglecting Ebonyi. One of our major partners is from Ebonyi, and we are committed to supporting the state government’s job creation efforts.”
He further explained that the investment would support industrialization and agro-business growth in the state.
Assuring that preparations are in progress, and significant steps will be taken in the coming months to launch operations.
This initiative is expected to create jobs, stimulate economic growth, and position Ebonyi as a rising hub for business and industrial development.
