Oyo state government and groups of Chinese investors have concluded
plans to start manufacturing Nigerian made vehicles by June this year.
The home made vehicles which would hit automobile market by middle of this year would be preceded by siting of Automotive Assembly Complex in Ibadan, the Oyo state capital.
Governor Abiola Ajimobi who disclosed this while receiving Chinese Investors in his Office on Monday said the development was as a result of his several visits to China last year in a move to industrialise the state.
Present at the meeting with the investors were the representative of National Automotive Council, Abuja, Engr Waheed Kolapo Odetoro, the Director of Infrastructure and Alhaji Salawu R, among others.
The Chinese investors include representatives of Shaolin Bus Manufacturing Limited, Geely International Corporation and Camaco-YTO Group led by the President CAMACO/YTO Group, Zijian Zhao and officials of the state government.
Ajimobi while soliciting the support of the National Automobile Council in realising the dream of fully industrialising the state said his administration would step up effort at industrialising the state and improving its economy.
The governor added that the move was aimed at making the state an industrial hub and the investors’ destination of choice in the country, pointing out that discussions with the manufacturers had reached an advanced stage on the development of a blueprint on the projects.
He described the state as the largest agricultural centre in terms of landmass in the South-West zone and the largest producer of cassava in Nigeria, with the largest concentration of agricultural research institutes in the country.
All these, the governor said, had put the state in a better stead to explore its potentials in advancing its industrial course and thus regaining its pacesetter status.
Besides, he said that the projects would be complemented with an industrial park that would serve as feeder companies to the manufacturing companies, with the multiplier effects of creating employment opportunities for the citizenry.
Regional Director of Camaco-YTO Group, Hai Anto, who spoke on behalf of the investors, said that the state government and the Chinese Group had been planning and negotiating the modalities of establishing and operating the joint venture.
He commended the inspirational and remarkable leadership as well as concerted efforts of the state government in making the partnership a reality within a short period of time.
While assuring that the Chinese investors would provide all the necessary support to achieve the state’s industrial aspiration, Anto expressed the belief that the projects would uplift the state and put it on the path to sustainable socio-economic development and prosperity.
Also speaking, the Director of Industrial Infrastructure, National Automotive Council, Engr. Waheed Kolapo Odetoro expressed the Federal Government’s readiness to support the projects as they were in line with its automotive industrial development plan.
The home made vehicles which would hit automobile market by middle of this year would be preceded by siting of Automotive Assembly Complex in Ibadan, the Oyo state capital.
Governor Abiola Ajimobi who disclosed this while receiving Chinese Investors in his Office on Monday said the development was as a result of his several visits to China last year in a move to industrialise the state.
Present at the meeting with the investors were the representative of National Automotive Council, Abuja, Engr Waheed Kolapo Odetoro, the Director of Infrastructure and Alhaji Salawu R, among others.
The Chinese investors include representatives of Shaolin Bus Manufacturing Limited, Geely International Corporation and Camaco-YTO Group led by the President CAMACO/YTO Group, Zijian Zhao and officials of the state government.
Ajimobi while soliciting the support of the National Automobile Council in realising the dream of fully industrialising the state said his administration would step up effort at industrialising the state and improving its economy.
The governor added that the move was aimed at making the state an industrial hub and the investors’ destination of choice in the country, pointing out that discussions with the manufacturers had reached an advanced stage on the development of a blueprint on the projects.
He described the state as the largest agricultural centre in terms of landmass in the South-West zone and the largest producer of cassava in Nigeria, with the largest concentration of agricultural research institutes in the country.
All these, the governor said, had put the state in a better stead to explore its potentials in advancing its industrial course and thus regaining its pacesetter status.
Besides, he said that the projects would be complemented with an industrial park that would serve as feeder companies to the manufacturing companies, with the multiplier effects of creating employment opportunities for the citizenry.
Regional Director of Camaco-YTO Group, Hai Anto, who spoke on behalf of the investors, said that the state government and the Chinese Group had been planning and negotiating the modalities of establishing and operating the joint venture.
He commended the inspirational and remarkable leadership as well as concerted efforts of the state government in making the partnership a reality within a short period of time.
While assuring that the Chinese investors would provide all the necessary support to achieve the state’s industrial aspiration, Anto expressed the belief that the projects would uplift the state and put it on the path to sustainable socio-economic development and prosperity.
Also speaking, the Director of Industrial Infrastructure, National Automotive Council, Engr. Waheed Kolapo Odetoro expressed the Federal Government’s readiness to support the projects as they were in line with its automotive industrial development plan.