Innoson manufactures vehicles with complete body parts in Nigeria
Nigeria’s pioneer auto maker, Innoson Vehicle Motors, IVM has landed a deal from Sierra Leone to manufacture IVM cars worth $4.7 million for the West African country.
The founder and Chief Executive Officer (CEO), Innocent Chukwuma disclosed this in a recent interview with the Vanguard newspaper.
“Yes. As of now, I have order of about $4.7million worth of vehicles from Sierra Leone. That’s what I’m producing now for Sierra Leone government. Normally, I do get order and supply from within and outside the country,” Chukwuma said.
While referring to the achievement of the vehicle company, Chukwuma affirmed that the body parts of the vehicles made from his company are completely locally manufactured, while only 60 per cent of engineering products are imported from the oversea countries namely Japan, China and Germany.
“Innoson does not assemble vehicles, we manufacture. We build 100 percent vehicle body here and over 60 percent of the products used in manufacturing the vehicle are gotten from Nigeria.”
According to the CEO of Innoson, the Federal Government has done enough of theoretical framework to assist manufacturing sector but implored that it should concentrate on implementation.
“The Federal Government is doing everything possible to support the manufacturing sector with good policies, but the problem lies in the implementation. They have done enough in terms of policies to support local content but, like I said, implementation is the problem. So, I won’t say that government is not helping. They are doing their best. If you look at the policies, they are favourable,” he said.