CIG Motors, a Chinese automobile company, also known as Guangzhou Automobile Group (GAG) Company Limited, has concluded plans to site its assembly plant in Ogun State, where it intends to produce and assemble series of brands under the CIG trademark in accordance with Nigeria’s Automotive Policy.
The Chinese auto maker headquartered in Guangzhou in China showed interests in the state economy following its management’s visit to the state governor, Ibikunle Amosun, in Abeokuta, the state capital, recently, led by Diana Chen, chairman of the group, showing commitment to invest in the state economy.
BusinessDay recalls that the location of the Chinese auto producer to the state would increase the number of investments and businesses coming from the China after the earlier cluster of investments located at the Ogun Guangdong Free Trade Zone in Igbesa, Ado-Odo/Ota Local Government, and the presence of China Civil Engineering and Construction Company (CCECC) in the state, handling projects spanning road and rail construction, including a $3.5 billion light rail project.
Speaking at the business meeting at Governor’s office at Oke-Mosan, Diana Chen, chairman of CIG Motors who led the delegation, said the company would locate its automobile plant to the state, having observed the economic development and effective security plans, coupled with incentives offered to investors by the state government.
Responding, Governor Amosun said the location of the automobile plant to the state was an additional impetus to private-sector driven economy of the state, which in the long run will create wealth, employment opportunities as well as enhance transfer of needed technology in the mechanical and electronic aspects of automobile production and assemblage.
The governor, who pledged to offer the necessary support in order to fast track industrialisation drive, asked CIG Motors Limited to hit the ground running as soon as portions of land were allocated to its, revealing that “there are designated places for vehicles in the three senatorial districts which will be allocated to interested automobile companies.
“We are open for business. This is the reason we are the most industrialised state in the country. The only way to go for any state or nation is to encourage a private-sector driven economy. It will create wealth for our people and enhance transfer of technology. We don’t like people that will just come and talk. We want you to talk by action.”
RAZAQ AYINLA
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