February   25,    2016

[caption id="attachment_476" align="alignnone" width="1024"]innoson A cross section of home made cars by Innoson group[/caption]

The Nigerian  government should avail INNOSON group all the necessary incentives that will enable them sustain their manufacturing activities.

INNOSON as a company is already a pride to the country as their vehicles are now sold and driven in some African countries.

Granted that a few components of the vehicles are imported, yet it is common knowledge that this is the practice globally. No single company is able to produce all the components of any particular brand, but substantially the parent company is responsible for the final output, and this is the case with INNOSON and other brands.

Until we begin to demonstrate our patriotism by patronising locally made vehicles such as INNOSON, we cannot realise the vision of exporting other made in Nigeria products to other countries.

As a country, our technological breakthrough will not happen overnight, but through such deliberate and bold efforts being taken by companies like INNOSON. Besides stimulating the economic growth of a nation, automobile manufacturing also facilitates transfer of necessary technological knowledge that is required for any county to emerge as an industrialised economy. Similarly, local manufacturing of vehicles helps to conserve the elusive foreign currencies like Dollar, Pounds sterling and Euro.

When this is done it enhances our foreign reserve and gives us a mileage in terms of balance of payment with other countries. Therefore, the need for all government ministries, departments and agencies to look inwards in terms of procuring their operational vehicles cannot be over emphasised.

We should therefore adopt INNOSON a Nigerian brand, as  ford is to USA and Mercedes to Germany, and considering Nigeria’s population, space and resources, it will be easy to dominate the West Africa market with INNOSON vehicles that are proudly made in Nigeria.

Taking into consideration that the issue of rise in the price of oil is not within the control of Nigeria and indeed OPEC, it makes  sense that we concentrate on the areas we can control such as automobile manufacturing. In this area we have a surfeit of local raw materials and indeed other factors of production like labour and capital.

As it stands today INNOSON has proved that it is possible, and governments at all levels should take it a notch higher by patronising their vehicles and providing them with necessary incentives.


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