Edo State Government has said that it was collaborating with Foton Motor Group, an international vehicle manufacturing firm, to establish a world-class vehicle assembling and manufacturing plant in the state.
Kelvin Uwaibi, managing director of the Edo State Investment Promotion Office (ESIPO) disclosed this to newsmen in Benin City.
Uwaibi said the partnership would create training and employment opportunities, as well as help reduce the cost of vehicles in Nigeria and Africa.
Read also: Kewalram Chanrai Group plans N10bn Foton assembly plant in Nigeria
“Foton Motor Group has traded with Nigeria in the past; however, they will commence manufacturing their products in Nigeria by establishing an automobile assembling factory in Edo State.
“Edo State will provide the necessary support to ensure that the factory is established, and in turn, they will provide support through strategies and investments to alleviate car-related issues in Nigeria and Africa,” he said.
He explained that the investment will bring about capacity building and training for young people and ensure that vehicles and spare parts are more affordable for Edo residents and Nigerians.
Read also: Kewalram excites auto industry with new Foton View C2 minibus, Cargo Van
On his part, Jimmy Liuo, the Project Manager of Foton Motor Group, said the vehicle assembling company in Edo was going to be a long-term investment and would contribute to economic development in Nigeria.
“We are in Edo State because of its business-friendly environment; we will bring top brands from China like Micro, Light, and Heavy-duty trucks and CNG to Nigeria to reduce the cost of vehicles in Nigeria,” he said.
Join BusinessDay whatsapp Channel, to stay up to date
Open In Whatsapp
