The Federal Minister of Information and Culture, Alhaji Lai Mohammed, has described the Innoson Vehicle Manufacturing Company Limited as a leading light and trailblazer in Nigeria’s automotive industry. Click here to visit the company’s website
The Minister who made the remarks in Nnewi, Anambra State, while on a tour of the sprawling manufacturing complex of the company on Monday, said “having toured this factory today, I make bold to say that Innoson Vehicle Manufacturing Company Ltd. is a trailblazer in the automotive industry and a shining example of what Nigeria is capable of achieving if it looks inwards and taps into the boundless energy and ingenuity of its people”.
Alhaji Mohammed said as a manufacturing company, Innoson has demonstrated the spirit behind the formulation of the National Automotive Industry Development Plan, which is aimed at curtailing the dependence on imports and ensuring the growth of the Nigerian automotive industry, using local resources.
“Innoson is living up to what the policy aims to achieve: Creation of jobs, conservation of foreign exchange and acceleration of technical development,” he said.
The Minister said the Federal Government will continue to encourage the patronage of Made-in-Nigeria products, noting that in that regard, the Ministry of Industry, Trade, and Investment, in collaboration with the Ministry of Information and Culture, recently held the National Media Launch of the Made-in-Nigeria Campaign.
“On May 18th, 2017, as part of the Ease of Doing Business Initiative, Acting President Yemi Osinbajo signed three Executive Orders. One of the three is called the ‘Support for local contents in public procurement by the Federal Government’. A key provision of this is that all ministries, departments, and agencies of the Federal Government shall grant preferences to local manufacturers of goods and service providers in their procurement of goods and services,” he said, noting that Innoson will be a major beneficiary of the Executive Orders.
The Minister noted that the success recorded by Innoson Vehicle Manufacturing Company Limited, through the manufacturing of over 10,000 vehicles and the creation of over 7,000 jobs, is a pointer to the fact that the diversification of the economy by the Buhari Administration is real and achievable.
In his remarks, the Chairman and Chief Executive Officer of the company, Chief Innocent Chukwuma, said the company, which started operations in 2009, has production lines for Buses, Pickup Vans, Sports Utility Vehicles, and Sedans, among others.
Chief Chukwuma said the company has the capacity to produce 10,000 vehicles per year and called for more patronage of its products. The CEO, who took the Minister and his entourage of 25 journalists and others on a tour of the company’s factory, said the company has succeeded in reducing it’s foreign manpower from its initial 300 at inception to 15, thereby ensuring technology transfer in the manufacturing of vehicles.
SA to Hon Minister of Information and Culture
Nnewi, Anambra State
5th June 2017