• Monday, December 04, 2023
businessday logo


Sanwo-Olu pledges more support as GIC assembles 2,000 vehicles in Lagos

Sanwo-Olu hails A/Court’s affirmation of his election victory

Governor Babajide Sanwo-Olu has pledged more support to GIC Motors Co. Limited which has so far assembled 2000 GAC vehicles from its Lagos Assembly Plant.

Sanwo-Olu, at the completion ceremony of the first 2000 vehicles by GIC Motors in Lagos, Tuesday, said: “I stand before you today, enveloped with immense pride and optimism, as we celebrate a monumental achievement in the industrious heart of Lagos.

Read also: Edo, Foton Motor Group to establish world-class vehicle manufacturing, assembling plant

“Our vibrant city now hosts a thriving hub of automotive excellence, thanks to the diligent efforts of CIG Motors, a commendable Chinese indigenous car manufacturing entity.

‘’Today, we applaud their remarkable milestone of assembling 2,000 vehicles right here on Lagos soil. This accomplishment is not just a testament to their expertise, but a reflection of the promising synergy between international partnerships and local talent.’’

The governor noted that in a rapidly globalising world, such collaborations were the propellers of sustainable economic growth, noting that the establishment of CIG Motors in Lagos was an emblem of the state’s openness to investments that create jobs, skill development, wealth, and entrepreneurial opportunities.

Read also: GAC Motor to tackle unemployment with new assembly plant

“This milestone is a solid step towards our aspiration of making Lagos a hub of industrialisation and innovation. It’s a narrative of how international partnerships, coupled with a conducive business environment, can fast-track our journey towards economic buoyancy and societal advancement.

On our part, we shall continue to find ways to support your growth and that of other private-sector players. Through business-friendly regulations, provision of infrastructure and investments in quality technical education to produce a world-class workforce, we are committed to ensuring that Lagos remains the first choice for business, not only in Nigeria but across the West African landscape.’’

Sanwo-Olu said the feat was not just a numeric achievement but an epitome of multi-sectoral progress that stands to benefit Lagosians in various ways.

Read also: Stallion Group acquisition of MG Motor’s franchise to see assembly in Nigeria

‘’The ripple effect of CIG Motors’ establishment extends far beyond the automotive sector. It has ushered in a new dawn of employment, providing our industrious youth with well-deserved jobs, thereby contributing significantly to reducing unemployment rates in Lagos State.

“Moreover, the skill transfer and technical training programmes initiated by CIG Motors have empowered many unemployed individuals, arming them with the requisite skills to thrive in today’s competitive job market,’’ he said.

Governor Sanwo-Olu explained that the LagRide scheme exclusively uses the GS3 SUV and GA4 Saloon cars assembled in the state, adding that the vehicles were produced locally to global standards to provide comfort for passengers.