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You are here:Home>>Strategic Research & Analysis>> President Jonathan opens first private Car Plant in Nigeria
Thursday, 28 October 2010 12:38

President Jonathan opens first private Car Plant in Nigeria

Written by Administrator
CEO Chukwuma showing guests engine/chassis component CEO Chukwuma showing guests engine/chassis component nbf

Private Car plant opens in Nigeria

Innoson Vehicle Manufacturing Company Limited (IVM) based in Nnewi, Nigeria has been  opened for operation and president of Nigeria was present to cut the tape. The first of its kind in Nigeria, Innoson Vehicle Manufacturing Company is a privately owned company and the CEO Innocent Chukwuma is the principal investor. Many important government and business individuals garthered at the opening ceremony including the governor of Anambra state and some of its cabinet members.

There was a huge satisfaction from the guests and mood was festive, as the whole ceremony proceeded. This is a booast for private industry in Nigeria especially in the Auto industry where Nigeria is badly lagging behind when compared to other emerging nations. This is not the only car plant in Nigeria, there was already french based peugeot car plant but it was wholly controlled by the government of Nigeria with its foreign joint partner. Innoson Vehicle Manufacturing Company do not have a partner with the government rather an independent company that is 100% owned by private individual.

 

President Jonathan said,  “I am indeed happy that Innoson is not just assembling parts that are imported from  other countries. From all indications, it is only the engine that is imported. Apart  from that, every other thing is manufactured in Nigeria,”  and stressed that it will help to lessen unemployment and trigger economic growth in the state. He further stressed that government economic policy was in line with development of private industry and private enterprise.

According to the CEO of the motor industry, Mr. Innocent Chukwuma said that  the car plant employed almost 1,600 Nigerians together with some expatriates while the operation sister company at Enugu employed 1800 Nigerians.

pic: Innoson Motors

He said, “Mr President, with adequate encouragement, we can go beyond our present level of  operation, and when we operate fully, the auto plant alone can employ as many as  3,200. We want to appreciate the example of the Enugu State Governor, Mr. Sullivan  Chime (who has placed an order for hundreds of buses and refuse disposal vans from  Innoson) and pray that every tier of government from Federal to Local Government and  government parastatals, should emulate this patriotic act,” he pleaded to President  Jonathan.

Most of the raw materials were raised in Nigeria and all the car parts were made in Nigeria except the imported engine blocks. Innonson car plant makes seater- buses, double cabin pick up  vans and SUVs which were on displayed on the opening day.

Nigerian government needs to make a serious decision on moving forward with its iron and steel industry by privatization and giving chance to superior technical and management expertise from the private industry. To improve automobile industry in the country engine blocks must be manufactured in the country. With improvement in the electric power sector and iron-steel industry, Nigeria will join the rest of the productive vehicle manufacturing countries.

 

 

 

Last modified on Saturday, 30 October 2010 00:32

29 comments

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    PRIME MINISTER Theresa May could have easily ignored, without
    anyone noticing, the vengeful white Briton who drove
    his truck into a crowd of Muslim worshippers, mowing down a few and killing one.
    After all, England had not yet fully recovered from the terror carnage in Manchester and London inflicted by home-grown Muslims.



    She could have also said something stupid like Rajiv Gandhi.
    He had viewed the killing spree against Sikhs in Delhi as an unsurprising reaction to the murder of his mother.
    He had said when a big tree falls, the ground beneath does
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    Ms May could have also feigned pain like Prime Minister Modi who equated the pogrom of Muslims in Gujarat to a
    puppy coming under the wheel of his car. But she preferred to call the white man a terrorist.
    A comment expected from Jeremy Corbyn came from May.
    That’s how democracies humble their leaders.

    Why does Indian democracy falter here?


    In Donald Trump’s America too, regardless of the
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    The white man who killed a Sikh in the wake of 9/11 is
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    Now that the so-called mainstream media in India has bared its Hindutva fangs, it is not difficult to
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    On the other hand, at least two white Americans were wounded and
    at least one other was killed when they tried
    to save Hindus and Muslims from white hate-mongers in different episodes.

    Despite Europe being under siege from Muslim terrorists there is vocal
    and robust protection for the ordinary Muslims against racist vendetta.




    People come out on the streets in the US and Europe at the
    hint of any perceived bias. Even in strife-battered and terror-stricken Pakistan (where terror groups are,
    ironically, allowed to walk openly with a swagger) human rights workers have
    laid down their lives. And after a church was bombed in Peshawar some years ago, Muslims (and others) ringed churches
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    There are individuals who have died for the cause in India.
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    Similarity is inescapable here with the zealots who were
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    Now that the so-called mainstream media in India has bared its Hindutva fangs (Trump complimented Modi on the ‘friendly’ coverage he got
    at their Washington meeting) it is not difficult to perceive the cover-up that was imposed over the years.
    The fact is, though seldom discussed in the newspapers or on TV channels, that the destruction of Babri Masjid took place years before the Afghan Taliban destroyed the
    Bamiyan Buddhas. Somehow, the Ayodhya outrage is accepted as a nationalist
    exigency while the Bamiyan criminals were handed the terror tag.



    The fact is that churches were burnt, nuns raped and an Australian missionary roasted alive with his two sons by
    a Hindutva mob in Orissa way before Boko Haram could spell
    ‘Christian’. Boko Haram, loosely meaning ‘foreign is sinful’, could learn from Hindutva’s institutionalised hatred of Christians,
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    a common strategy to fight their tormentors.


    Two Hindutva leaders have invited comparison with Boko Haram.
    Uttar Pradesh Chief Minister Yogi Adityanath claims
    the minarets of the fabled Taj Mahal represent not
    Indian ethos but an alien culture. Hitherto, he implied,
    politicians with an inferior sense of patriotism were giving replicas of
    the Taj Mahal to foreign dignitaries. Now the truer Indian spirit has spurred a
    new crop of leaders to gift copies of Hindu scriptures.



    The ruling party’s nominee for India’s next president claimed something similar seven years
    ago. "Islam and Christianity are alien to India," Ram Nath Kovind had said when he was
    just appointed a BJP spokesperson. That’s what Boko Haram says about Nigerian Christians.
    That’s what the Nazis said of German Jews.


    Mr Kovind had slammed the proposed inclusion of Muslim and Christian Dalits entitled for job reservation offered to the other Scheduled Castes.



    Boko Haram has been carrying out what Hindutva calls ghar wapsi, forcing Christians to convert ‘back’ to Islam — their version of Islam — ‘back’
    being Boko Haram’s interpretation of what came first,
    Islam or Christianity in the Nigerian timeline. Anyone with an iota of integrity and faithful memory will see the methods as strikingly similar.

    Not In My Name partisans could learn from a Pakistani humorist, who
    told his countrymen: accepting something without reason cannot be weeded out with reason.

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