Nigeria keep going, we will get there my.people , kudos to nigeria
@obinnayoung3 ай бұрын
This is good. But not only putting cars together, but also factories for putting electronic parts together like laptops phones, tv, etc. Just like chinas Foxcon and so on. And also making electricity stable will make production faster and efficient.
@femihassan7383 ай бұрын
Thanks to the Director General of the National Automotive Development and Design Council for reaffirming their commitment to transitioning from semi-knockdown to full knockdown production and becoming a major player in the global automotive components manufacturing industry. We all know that Steel is a major component of the automotive industry. After 45 years, where do we stand with our steel development? Our steel rolling mills still struggle to produce even a modest tonnage of iron rods. The government's CNG Buses project is still at a semi-knockdown stage. Why would a car manufacturer establish a car assembly plant in Nigeria under the current economic conditions? The reality is that it’s highly unlikely due to factors such as unreliable electricity, poor road infrastructure, high exchange rates, and more. Semi-knockdown assembly is cheaper because it requires minimal automation, less quality assurance, and less electricity.
@femihassan7383 ай бұрын
The government’s policies aimed at developing manufacturing and production in sectors such as automobiles and electronics necessitate substantial capital investment. This is why our policies often remain stagnant and fail to progress. For example, when Canada sought to attract a Toyota plant some years ago, the government committed to covering 40-60% of the plant's capital costs to ensure its establishment. Electricity is crucial in any production process, and so are good roads that facilitate the movement of raw materials and the distribution of finished goods. However, despite policies surrounding state-owned power stations, there has been little improvement in generation and transmission. Clearly, effective progress requires more than just policy changes. Continuing to seek external aid without committing our own capital investment will not foster growth in production and manufacturing. Many companies have invested here only to find that the realities on the ground differ significantly from their expectations, leading to failures and losses. Moreover, we face internal sabotage from individuals whose self-serving motives hinder the success of these enterprises. Our politicians must adopt a new approach to nation-building, moving away from ineffective strategies and policies. They need to focus on tangible results and take decisive actions that truly support industrial growth and development.
@nnfefe94513 ай бұрын
Private enterprise is the commander of capitalism. This government supported enterprise would soon be full of ghost employees unlike a private entrepreneur who would nip inefficiency at the bud. Government this or government that is the reason why the country is still taking baby steps to industrialize. But then a fool after 60 will still remain that and beyond. Hypocrites do not see Innoson motors as viable as attempts were made to dismember it absolutely. Germany and France in the 1980s advised Nigeria to locate the Mercedes and Peugeot plant in Nnewi as the people have the command in the auto parts business. All felt on deaf ears but Kaduna was chosen where ghosts employees were making phantom vehicles. Even Jamaicans, Ugandans and Rwandans are thrilled to import Innosom motors but the government has been creating bottle necks. So if you think that this government sponsored enterprise would get off its feet, just wait and see it collapse like a bubble.