Innoson to site new manufacturing plant in Rivers

(Last Updated On: July 11, 2024)From Okwe Obi, Abuja
Chairman, Innoson Vehicle Manufacturing Company Limited,  Innoson Chukwuma Ifedaso, has revealed plans to establish a vehicle manufacturing plant in Rivers State.
In a proposal letter, dated 7 June, 2024, and addressed to the Rivers State Governor, Sim Fubara, and made available to journalists, yesterday, he said the initiative marked a significant expansion of the company’s operations in the South-South region of Nigeria.
He emphasized the importance of Opobo Kingdom’s location and its rich history. He noted that establishing the manufacturing facility aligns perfectly with the company’s mission to promote local industry and drive socio-economic growth nationwide.
“This groundbreaking development is poised to elevate the social and economic standards in Opobo Kingdom and neighboring communities in Andoni and Ogoni in Rivers State,” said Dr. Chukwuma. “We look forward to the successful takeoff of this major investment.”
“The new facility is expected to bring substantial economic benefits to the region, fostering an environment of industrial growth and innovation. The establishment of this plant is a significant step forward in boosting local manufacturing capabilities and underscores Innoson’s commitment to supporting the Nigerian economy.
According to him, he first considered the state for its South South headquarters, before it finally arrived at Opobo, after series of meetings, conviction and persuasion from the management and board of Rivers Legacy Projects Limited, led by Ambassador Fubara.
Expressing its readiness to commence construction of the manufacturing plant in Opobo, he noted that the establishment of the company will no doubt raise the social and economic bar in Opobo kingdom in particular and Rivers state in general
He emphasized that the establishment of the company will benefit the community and Rivers state in areas of employment creations, skill development economic growth, community development, revenue generation, as well as attraction of further investment and industrialization drive.
“Opobo kingdom with its rich historical significant and strategic location presents an idea environment for expansion plan. Establishing a manufacturing facility in this area aligns perfectly with our mission to promote local industry, create employment opportunities and drive socio economic growth across the nation
“We have conducted a preliminary assessment and are convinced that Opobo kingdom offers numerous advantages for our operation and the establishment of our manufacturing facility Opobo will yield significant benefit to both the local communities and Rivers state government.”
Meanwhile, the decision, hailed as a groundbreaking development, was facilitated by the efforts of Rivers Legacy Projects Limited, led by Dagogo Fubara, the team successfully convinced Innoson to invest in the region.
Fubara, who expressed his delight at playing a pivotal role in securing this investment, highlighted the immense benefits it will bring to the people of Opobo Kingdom and the wider Rivers State community.
“This development is expected to create numerous employment opportunities, enhance skills development, drive economic growth, and attract further investments to the region,” he stated.
The post Innoson to site new manufacturing plant in Rivers appeared first on The Sun Nigeria.


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