Peter Obi and Dr Innocent Chukwuma
The Chairman of Innoson Vehicles Manufacturing (IVM) Limited, Dr Innocent Chukwuma has revealed that former governor of Anambra State, Mr Peter Obi played a major role in him starting a car manufacturing business.
Chukwuma said Obi inspired him to manufacture SUVs and Pick-Up vans to support indigenous merchandise in his administration.
Chukwuma said this in a media parley with journalists in Nnewi, Anambra State, on Tuesday.
He disclosed that as Governor, “Mr Peter Obi placed orders for 500 SUVs, 700 buses and 500 pick-up vans and that helped us a lot because he does not owe, he even paid us in advance.
“Even when there were several criticisms that the vehicles might not be durable, he squashed the thought and charged me to prove them wrong with the production.”
“Honestly, it was a breakthrough for me in the business, that piloted me to the vehicle manufacturing market as more kinds of vehicles have been manufactured thereafter.
While reacting to the situation of foreign exchange (forex) in the country, Chukwuma said his company is looking ahead to being a producer of vehicles for use in the African continent as a whole, a development he asserted would reduce pressure on the Stock Exchange Market.
He said he had expanded his scope of production to a wide range of vehicles which include the latest SUVs, wagons, commuter buses, among others.
“I need to correct one impression. While a lot of automobile companies in the country are assemblage plants, ours is a manufacturing plant. We source most of our components locally. And that is the edge we have over others. If I see a local company that will add value to what we are doing through the production of components, I will patronize them.”
You may be interested
Many Single Mothers And Divorcees Are More Responsible Than Married Women – Rita EdochieWebby - February 24, 2024
Nollywood actress, Rita Edochie has criticized those who mock single mothers and divorcees.In an Instagram post, Rita Edochie emphasized the…
Blackout: Corpses are decomposing in army mortuaries — COAS Lagbaja lamentsWebby - February 23, 2024
The Chief of Army Staff, Lt General Taoreed Lagbaja, says that corpses in mortuaries in some barracks of the Nigerian…
EFCC raids KWASU, arrest 50 suspected internet fraudstersWebby - February 23, 2024
Operatives of the Ilorin Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested 48 students of the…