• Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
Sunday, August 17, 2025
Emerald News Nigeria
  • Home
  • Inside Delta
  • Health
  • Politics
  • Crime
  • Economy
  • Education
  • Relationship
  • Special Report
No Result
View All Result
  • Home
  • Inside Delta
  • Health
  • Politics
  • Crime
  • Economy
  • Education
  • Relationship
  • Special Report
No Result
View All Result
Emerald News Nigeria
No Result
View All Result

Innoson Company gets three plants, sets to employ about 700 youths

by Emerald Nigeria
July 14, 2021
in Economy
ShareTweetShareShare

Also Read:

Governor makes statement on highest JAMB scorer in 2025

Anambra Poised to Become West Africa’s Tech Hub — Governor Soludo

Anambra Patriots For Soludo, NUJ Champion Ethical Journalism Ahead of 2025 Guber Polls

JUST IN: LG autonomy faces setback as governor introduces bill to share funds meant for local government administration

By Gladys Ekwu

Innoson Vehicle Manufacturing Company (IVM) has created three plants where more sophisticated vehicles would be produced.

The Chief Executive Officer (CEO) of the company, Mr. Innocent Chukwuma said that the vehicles to be produced from the three new plants include; Innoson small and minibus that would be on for Higher Purchase and youth empowerment programme.

“This is in collaboration with the interested state governments’ under a counterpart funding arrangement, which will, in turn, provide minimum employment of 660 Nigerians.

According to him, the Innoson Connect and Cares, which were built with fuel economy, would be affordable and easy to maintain with good aerodynamics for a pleasurable drive, with employment opportunities rising to more than 318 adding that It has the Automotive Robotic Spraying Boot.

Mr. Innocent noted that the three plants were financed with a N4.6 billion loan from the Bank of Industry (BOI) with support of the Nigeria Automotive Design and Development Council.

Emerald News gathered that in a bid to give Industrialisation the priority that it deserves and to boost Small and Medium Enterprises (SMEs) in the state, Anambra State Government recently inaugurated the three new plants at the Innoson Vehicle Manufacturing Company (IVM), Nnewi while throwing its’ weight on the company for effective sponsorship.

The plants, which would aid the production of solid vehicles, would promote other innovative ways of boosting the industrial sector to ensure greater productivity.

Gov. Willie Obiano at the inauguration of the plants, said that his administration had continued to patronise local manufacturers and entrepreneurs, noting that in spite of the great challenges in the operating environment in the face of inconsistencies in the National economy, IVM had added the three new plants into its production line.

He noted that in pursuit of the ideal that his administration established the Anambra Small Business Agency (ASBA) to source credit facilities and extend the same to operators of SMEs in the state as they were the engine room for any industrialisation effort.

Gov. Obiano also emphasised that his administration had worked hard to boost electricity supply to major industrial areas that in turn cover, not less than 43 communities with stable power supplies.

“Innoson has shown that given the right support and enablement, this company has enough ambition to evolve into Nigeria’s first multinational automobile company, just like other automobile companies across the globe,’’ he said.

He, then, appealed to the Federal Government, Ministries, and Agencies to always remember Innoson whenever they had a need for brand new vehicles.

Gov. Obiano was represented at the occasion by the Deputy Governor, Dr. Nkem Okeke.

The Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed in her address said that it was gratifying to note that Innoson brand, a Nigerian company had been blazing the trail in automobile assembly under the National Automobile Industrial Development Plan.

“It has become the leader of Automobile manufacturing in Nigeria today. ‘’ She noted.

Mrs. Zainab noted that the President had consistently supported and encouraged local manufacturing in Nigeria to assist in creating jobs as well as boosting economic growth.

She also announced that the ministry had installed a vehicle registration portal to ensure that every vehicle imported or manufactured locally in Nigeria would be captured in a central database using an 18-digit vehicle identification number that would help to tackle smuggling and forestall leakages in Government revenues.

The Minister of Industry, Trade and Investment, Otunba Niyi Adebayo while speaking at the event, said that it was a laudable milestone for the automotive sector and the foremost indigenous vehicle assembler in Nigeria.

He noted that these plants further underscored the focus of the management of IVM toward supporting the FG Industrialisation agenda, job creative aspirations, and campaigns for local content development.

“The FG is keen and will continue to support the sector due to its importance,’’ Otunba Adebayo said.

Tags: Anambra stateInnosonvehicle
ShareTweetShareSend
Previous Post

Unknown gunmen kill 3 policemen, 2 others, set  vehicles ablaze in Anambra

Next Post

Women love sex more than men, stop pretentious attitude toward sex, relationship therapist tells African women

Related Posts

I asked Grok one of most powerful AI tools to give me the wealthiest tribe in Nigeria, the tribe it mentioned with reasons will shock you

I asked Grok one of most powerful AI tools to give me the wealthiest tribe in Nigeria, the tribe it mentioned with reasons will shock you

August 14, 2025
What Actually Happened – Ibom Air Explains Disturbing Encounter With Unruly Passenger

What Actually Happened – Ibom Air Explains Disturbing Encounter With Unruly Passenger

August 11, 2025
COVID-19: Read reactions as Senator expresses fear over call for resumption of schools

You Won’t Believe This!! Shehu Sani predicts 15 powerful things AI, technology will do to the world system in next 75 years (A Must Read)

July 31, 2025
Delta CARES Holds 2-Day Training for Management Staff,  Strengthens Implementers Capacity Ahead of NG-CARES 2.0 Rollout

Delta CARES Holds 2-Day Training for Management Staff, Strengthens Implementers Capacity Ahead of NG-CARES 2.0 Rollout

July 22, 2025
Delta Rich in Resources, Poor in Vision — Mulade Demands Bold Economic Moves from Oborevwori

Delta Rich in Resources, Poor in Vision — Mulade Demands Bold Economic Moves from Oborevwori

July 9, 2025
Strategic Representation: Senator Nwoko Secures Federal Appointments Across Key Sectors for Constituents

Strategic Representation: Senator Nwoko Secures Federal Appointments Across Key Sectors for Constituents

July 1, 2025
Next Post
I’m looking for man to impregnate me, I will take care of the baby and the man, 39-year-old lady says

Women love sex more than men, stop pretentious attitude toward sex, relationship therapist tells African women

Trending

  • BREAKING: Governor Oborevwori’s Aide Offers Comfort Emmanson N500k job, All-Expense-Paid Trip to Asaba, Five Star Hotel Accommodation

    BREAKING: Governor Oborevwori’s Aide Offers Comfort Emmanson N500k job, All-Expense-Paid Trip to Asaba, Five Star Hotel Accommodation

    0 shares
    Share 0 Tweet 0
  • What Actually Happened – Ibom Air Explains Disturbing Encounter With Unruly Passenger

    0 shares
    Share 0 Tweet 0
  • BREAKING: Enough is Enough! House of Assembly Begins Probe of Former Governor

    0 shares
    Share 0 Tweet 0
  • I asked Grok one of most powerful AI tools to give me the wealthiest tribe in Nigeria, the tribe it mentioned with reasons will shock you

    0 shares
    Share 0 Tweet 0
  • JUST IN: Passenger who assaulted Ibom Air Hostess Remanded in Kirikiri Prison

    0 shares
    Share 0 Tweet 0
  • This pentecostal pastor messed up, what he did is disgusting to Christianity, And what happened thereafter will shock you

    0 shares
    Share 0 Tweet 0
  • (Watch Video): Leaked S3x tape of another Nigerian celebrity is shared online, victim reacts as her video goes viral

    0 shares
    Share 0 Tweet 0
  • Delta North APC Endorsement of Senator Nwoko Irrevocable – Chief Eboh Fires Back at Critics

    0 shares
    Share 0 Tweet 0
  • Delta Court Issues Certificate Of Land Possession To Obi Of Ogwashi-Uku, Unauthorised Trespassers, Land Buyers To Face Prosecution

    0 shares
    Share 0 Tweet 0
  • One Year Without Trial: Dafinone Leads Efforts to Free Detained Okuama Leaders

    0 shares
    Share 0 Tweet 0

Latest Stories

Senator Dafinone Celebrates Rt. Hon. Monday Igbuya on Birthday

August 17, 2025

Senator Dafinone Sounds Alarm, Says Urhobo Must Close Ranks to Secure Its Future

August 17, 2025

Delta Land Grab Case: CDHR President Urges Attorney General to Ensure Unbiased Investigation

August 16, 2025

Senator Ned Nwoko Celebrates Delta APC Chairman, Elder Omeni Sobotie on His Birthday

August 16, 2025

Okumagba Felicitates Delta APC Chairman Omeni Sobotie on birthday anniversary

August 16, 2025

You’re a dynamic and committed leader, Senator Dafinone eulogises Delta APC chairman on birthday

August 16, 2025

From ICT Centres to Sapele Port: Senator Dafinone Sets Development Target for Delta Central

August 16, 2025

Anioma and the Igbo Question: Setting the Records Straight Against Basil Okoh’s Misinformation

August 16, 2025

Ossai’s Offer That Broke The Internet: Check The Right Reasons We Fail To Understand

August 15, 2025

Senator Ned Nwoko will remain major stakeholder in driving Governor Oborevwori’s MORE Agenda – APC Chieftain

August 14, 2025
  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions

© 2024 Emerald News Nigeria.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Emerald News Nigeria
  • Inside Delta
    • Niger Delta
  • Politics
  • Economy
  • Crime
  • Education
  • Health
  • Entertainment
  • Relationship
  • Special Report

© 2024 Emerald News Nigeria.