Made in Nigeria Car: FG Unveils First Made-in-Nigeria Innoson Vehicle

President Goodluck Jonathan restated commitment to the achievement of 100 per cent local content in the automobile industry. This was stated by Dr Olusegun Aganga, the Minister of Industry, Trade and Investment, while unveiling the first made-in-Nigeria car manufactured by Innoson Vehicle Manufacturing Company. Such a feat will further expand the nation’s manufacturing sector.
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 Dr. Aganga, has commended Innoson Vehicles Company (IVC) located in Nnewi, Anambra State, for producing the first Nigeria-made vehicles, saying such an investment is necessary to expand the country’s production and manufacturing frontiers.

According to the minister, Nigeria has already attained 60 to 70 per cent local content, while still targeting 100 per cent local content in the next few years. The new auto policy developed by President Jonathan’s administration would see the establishment of three vehicle manufacturing plants in the nation, including Lagos/Ibadan for the west, Kaduna/Kano for the north and Nnewi for the east.

Aganga who spoke at the weekend in Nnewi during the unveiling of the company’s new cars, namely IVM Fox, IVM UMU and IVM UZO, noted that by producing a truly made-in Nigeria car, the company has put Nnewi, Anambra State and Nigeria in the global map of car manufacturing countries.

Aganga said, “It is special and historic to unveil the first made-in-Nigeria cars manufactured by the Innoson Vehicle Manufacturing Company, Nnewi. No country manufactures 100 per cent of all the components and we are unveiling cars that have up to 70 per cent local content. Nnewi has made history. It’s another government milestone.”

It would be recalled the new automobile policy was reviewed and enforced late last year by President Jonathan to enable the production of made-in-Nigeria cars, giving Nigerians the opportunity for mass employment and innovation in automotive technology, and helping move Nigeria forward.