How Buhari Administration help Innoson Motors set up two new plants

 

How Buhari Administration help Innoson Motors set up two new plants
Working with the full knowledge that a vibrant private sector is the engine for any nation’s economic prosperity, do you know that the Buhari administration has helped in financing the establishment of 2 new vehicle manufacturing plants for Innoson Manufacturing Company at its corporate headquarters in Anambra State?

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The two new plants were commissioned on the 12th of July 2021 by the Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed, and were financed with the sum of N4.6bn from the Bank of Industry under the approval of the administration as well as the active support of the Nigerian Automotive Design and Development Council (NADDC).

How Buhari Administration help Innoson Motors set up two new plants

Named as the Innoson Small/Mini Bus Plant for manufacturing 1.5 litre engine capacity for 7-seater and 10-seater buses, and the Innoson Connect/Caris Plant for the production of Sedan cars, which are branded as Innoson Connect and Innoson Caris, the two new plants have a combined capacity to produce 32,000 vehicles per year with a staff strength of about 1,000 workers.

How Buhari Administration help Innoson Motors set up two new plants

And with this sustained local manufacturing capabilities, which guarantees job opportunities for thousands of Nigerian youths, this investment by the Buhari administration in aiding the Organized Private Sector (OPS) to maximise their productivity is a sure catalyst for making the country self-reliant economically and technologically.

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