Coleman Wires Advocates for Increased Investment in Cable Infrastructure
The managing director of Coleman Wires and Cables Industries Limited,Mr George Onafowokan, has called for more investment in the cableinfrastructure to drive sustainable development in Nigeria.
He emphasised the critical role of cable infrastructure innational development, urging Nigeria to prioritize investments in the sector.
Speaking at the 2025 Nigerian International Energy Summit (NIES)held in Abuja, Onafowokan highlighted that 15 per cent of global infrastructurespending is linked to ‘Cable’, underscoring the sector’s significance.
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“Infrastructure spending is crucial, especially in industrieslike mine, which impact everyday life. Cable infrastructure is essential evenin classrooms, yet Nigeria does not prioritize cable infrastructure the sameway it does petroleum or cement,” he stated.
Onafowokan stressed the need for strategic allocation of theNigerian Content Intervention (NCI) funds to bridge critical infrastructuregaps.
He pointed out that projects such as FPSOs, power plants,houses, and data centres all depend on robust cable infrastructure to supportthe oil and gas industry.
While acknowledging the progress made by the Nigerian ContentDevelopment and Monitoring Board (NCDMB) through initiatives like the NigerianContent Law, Onafowokan challenged other agencies to complement these efforts.
“The NCDMB has made significant progress, but what are otherinstitutions doing to enhance this? We must ensure that both direct andindirect investments are channelled into key infrastructural developments,” hesaid.
Onafowokan noted that stakeholders in the energy andinfrastructure sectors are calling for more localized investments to drivesustainable development in Nigeria.
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