Sen. Tokunbo Abiru, the chairman of the Senate Committee on Industry, has praised Dangote Sinotruk West Africa for its outstanding support of the economic growth of Nigeria by investing in a car assembly factory there.Information Guide Nigeria
With the help of Dangote Sinotruk West Africa, he claims, Nigeria’s journey toward auto manufacturing independence has started. “We want to urge the company to continue exploring the best ways to make Nigeria independent in car assembly and to encourage other participants in the value chain to also jump on board,” the executive said.
Even while the Senate Committee on Industry would prefer a factory setup where practically everything is produced here in Nigeria, Abiru remarked.
Other Top Stories:
- Flutterwave launches eNaira payments for businesses in Nigeria
- Nigeria, other African countries near Pbps era as bandwidth capacity rise to 44%
- Buhari lauds regulators for stabilising financial system
- Operator expresses worry as insecurity compounds logistic sector’s woes
He stated: “What the company is doing is one of the ways you can advance the economy of this country. The company has a production line that assembles trucks that are needed for economic activities in Nigeria. For us in the Senate, this is a very good starting point. Our desire is for Completely Knocked Down parts (CKDs) to be manufactured here in Nigeria.
“The Dangote Sinotruk plant will assist the government to preserve foreign exchange that would have been used to import trucks into the country. The company is also providing employment to many Nigerians. What we need on the part of government is to continue to support the company to grow,” Abiru added.JAMB Result
In his presentation to the Senate Committee members, Assistant Manager, Sinotruk West Africa, Engr. M.J Kogis disclosed that to support the Federal Government’s backward integration drive for Nigerian products, the company is planning a project expansion to enhance value addition and increase local inputs to 40 – 60 per cent within West Africa.
“Aside from creating an ‘All-in-one’ complete assembly system, this expansion project enhances the local content of CKD operation. Dangote Sinotruk West Africa Limited is the only company with CKD capabilities in West Africa.
“The quality products of Sinotruk are of high standard which are reliable and adaptable to any environment, enabling them to stably serve our customers in various climatic environments, working sites, and operational conditions of different countries”, he said.
Speaking on importance of Dangote Sinotruk on Nigeria’s economic development, Kogis stated: “Dangote Sinotruk West Africa Limited as a Joint Venture aims to play a strategic and key role in the manufacturing and assembly industry to develop trucks to serve the various logistics needs of the populace. With this goal in mind, we are structured to provide employment opportunities to the masses in line with Dangote Group objectives as well as improve local automobile industry and promote the economic development in Nigeria.”
Check and Confirm: How much is Dollar to Naira today Pounds to Naira today
