Page 48 - Q4 Oilservers Newsletter

DECEMBER 2022. Q4. VOL.17 DECEMBER 2022. Q4. VOL.17

Soludo was quoted as calling
it "crazy" for politicians to IVM currently produces automobiles for five African
favor foreign businesses countries, including Sierra Leone, Mali, Congo, and
while ignoring their own. "You Côte d'Ivoire. The company's plant, which is now
will not find any European being converted from manual to completely automated
country using or buying production, has the potential to produce approximately
Japanese Toyota for the 10,000 automobiles each year. However, after the move
operations of their police, their is complete, production capacity is likely to expand to
president, or their officers," over 60,000 vehicles per year.
he says. That government
will fall the next day. You will
not find the leaders of China
*Culled from Valuechain Magazine
or the Philippines wearing
WHY materials created outside
of their own countries. That
NIGERIAN GOVERNMENT is how jobs are created. If
you want to receive money
SHOULD SWITCH TO INNOSON else, America comes first. You're going to buy made in
from the US or somewhere

VEHICLES TO BOOST LOCAL the USA. That's exactly what it is.

CONTENT CAPACITY. IVM recently revealed that plans for a new manufacturing
unit in Owerri, Imo State, are well underway. The new
Innoson Factory will be located at Naze Owerri, Imo.
"We have already bought approximately 150,000 square
Anambra State governor Charles Chuwkwuma Soludo recently exhibited more Innoson cars. He is the first
meters of land for this project, and construction is currently
governor in Nigeria to choose a local automaker for any state's official fleet. Soludo is the first governor to
underway," said the Chairman of the Company. He
endorse Innoson as the State official vehicles, but Dr. Okizie Ikpeazu, the governor of Abia State, has already
went on to say that the establishment of the facility in
been using Innoson vehicles, according to Chief Innocent Chukwuma, the chairman of Innoson Vehicle
Imo is part of the company's efforts to realize its aim of
Manufacturing (IVM), who spoke through Mr. Cornel Osigwe, the organization's head of corporate
becoming a behemoth in African vehicle manufacture.
communications.
From the beginning of his endorsement demonstrated the strength and capability
campaign to become the of the made-in-Nigeria automobiles.
new governor of Anambra
State, Soludo pushed Among other things, the statement said, "The Management
IVM currently produces for local brand support, of the Innoson vehicle manufacturing Company wishes
automobiles for five which culminated in his to thank the newly sworn-in Governor of Anambra State,
African countries, official endorsement of Professor Charles Chukwuma Soludo, for keeping his
including Sierra Leone, Innoson automobiles promise to use Innoson vehicle as his Official Car, and
Mali, Congo, and Côte and Akwete Fabrics from the Company is delighted to see him keep his words on
d'Ivoire. The company's purchases made for his the occasion of his Inauguration." The statement went
plant, which is now own use and for official on to say that "the company appreciates Mr. Governor's
being converted from purposes. The corporation desire to engage with and support local businesses.
manual to completely responded to Governor The Innoson Group reiterates its commitment to assist
automated production Soludo's public behavior your government in every way necessary to ensure
by issuing a statement that it realizes its vision and looks forward to successful
stating that it was moved cooperation with your administration.
by the Governor's sincerity in honoring his word. The
declaration, which Osigwe signed, also stated that the

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