Nigeria To Manufacture Cars At The Cost Of N1.5Million–Republic Reporters New York[RR] Enugu–According to credible source the business firm which produces, automobiles including cars, buses, tankers and other products, beginning August 8th, 2014 launch brand new cars into the Nigerian automobile market at the cost of N1.5 million’, Republic Reporters has learned. Evidence show that […]
Nigeria To Manufacture Cars At The Cost Of N1.5Million–Republic Reporters
New York[RR] Enugu–According to credible source the business firm which produces, automobiles including cars, buses, tankers and other products, beginning August 8th, 2014 launch brand new cars into the Nigerian automobile market at the cost of N1.5 million’, Republic Reporters has learned.
Evidence show that the Chairman and CEO of the company, Mr. Innocent Chukwuma, who announced this in Enugu yesterday, said the cars which would be fully air conditioned and come with other capabilities would evidently avail automobiles produce for Nigerians will assist them have access to brand new cars.
Vanguard reported that the “Costliest of the coming cars, according to him, would be bought at N3.5 million.
“Chukwuma, who spoke at the road show organised by Empower Nigeria at the Enugu campus of the University of Nigeria, Nsukka, told the students of the university how he started venturing into diversified enterprise.
Chukwuma said: “I will launch my own cars in about two weeks time. And the cars will cost between N1.5 million and N3.5 million, depending on the cadre.”
‘The Innoson Group Chairman told the audience that his company was not into car assembly but actual car manufacturing.
He added: “Some people think that my factory is an assembly plant, but they are wrong. We do not assemble, we manufacture.
“Eighty percent of Nigerians do not believe that we manufacture vehicles in my company. But we do manufacture.
“The raw materials are bought from different countries and some in Nigeria.”
Currently, Chukwuma told reporters in Enugu that Innoson Group manpower has hit over 7,500 employees, expressing happiness that he had contributed immensely to the nation’s economy.
‘The founder of Empower Nigeria and President of Anabel Group, Nicholas Okoye expressed delight that such a successful entrepreneur like Chukwuma was able to honour the invitation to speak to the youths, regarded as the leaders of tomorrow.
But the question is since Ezekiel Izuogu’s experience in the 90s in the hands of SSS and Abuja under then Military dictator Sani Abacha and his cronies who overnight vandalized his factory at its Owerri based Headquarters home to first made in Nigeria car by Engineer Izuogu, which, apparently forced Mr. Izuogu to relocate to South Africa because the powers that be think can stand “Igbo-made car”, would Abuja do the same thing to Innoson Group led by another Igbo-man under Jonathan led PDP administration is something to worry about under so-called civilian administration (quasi-democratic rule).
BBC London reported that, “”It’s African, it’s new and it’s different. The latest – and the first – in the Z series, the Z-600, is the first ever all-African car, reports the BBC’s correspondent in Lagos, Hilary Andersson. ” -BBC News, Friday, April 17, 1998.
“Armed men numbering about 12 broke into Izuogu Motors factory, Saturday, March 11, between 1.00 and 2.00 a.m. and carted away various machines and tools including a design history notebook of Z-600, the design file Z-MASS, containing the design history for mass production of Z-600 car, a proposed locally made car and the moulds for various parts of the car.” -Vanguard News, Sunday, March 19, 2006
A source told Republic Reporters that, z600 was designed and made in Nigeria for the family market and has a top speed of 140km (86m) an hour.
“Ninety per cent of its parts are locally produced – it has a doorbell for a horn. And if it ever goes into mass production it will cost just $2,000 (£1,195), making it the most affordable car in Africa – and probably the world.
The Z-600’s inventor, Dr. Ezekiel Izuogu, says that many Nigerians simply cannot afford a car. He believes his home-grown machine will be an instant hit.
“The common man is very, very keen. He’s very interested. Many of them have dreamt of having their own cars over the years,” he says.
The car is already an icon in Nigeria. The prototype received a rapturous reception on the streets of the capital, Lagos.
“But back at the workshop, Dr Izuogu is working on another idea designed to appeal to the “common man”. He is adapting the engine to allow the Z-600 to double up as a lawnmower – or even an electricity generator.
According to the chairman of the company, Dr. Ezekiel Izuogu, some armed men numbering about 12 broke into Izuogu Motors factory, Saturday, March 11, between 1.00 and 2.00 a.m. and carted away various machines and tools including a design history notebook of Z-600, the design file Z-MASS, containing the design history for mass production of Z-600 car, a proposed locally made car and the moulds for various parts of the car.
Izuogu, who has laboured for 18 years under very difficult circimstances to design and produce the stolen moulds, lamented that the moulds took 10 years to design and build.
“The perplexing thing about this theft is that it is clear that none of the stolen items can be sold in the market. Since the Z-600 is not yet in the market, the items stolen can only be used by the 600 phototype which is just one car,” he told journalists.
He wondered why other highly valued machines and tools in the factory were not touched by the robbers if they were looking for money.
“It seems that the target of this robbery is to stop the efforts we are making to mass-produce the first ever locally made car in Africa,” he stated, adding: “Other items stolen after a quick inventory conducted by the company soon after the incident include locally produced timing wheel, locally produced year camshaft, locally produced crankshaft, locally produced engine tappets, all 20 pieces each. Also stolen are 10 pieces of locally produced Z-600 engine blocks, 10 pieces of locally produced pistons, 4 pieces of engine block mounds, 4 pieces of top engine block moulds, 10 pieces of engine fly wheel and 2 pieces each of rear car and front mudguard moulds.
‘The moulds stolen took 10 years to design and build. In monetary terms they are valued over one billion Naira. But the problem is not the money but the time and energy it took to design and produce these moulds. To worsen the matter, our design notebook has also been stolen.”
‘He regarded the loss as a national economic disaster were the nation to appreciate the value of technological and intellectual property.
‘Izuogu therefore appealed to the Federal Government, the security agencies and all well-meaning Nigerians to assist in the recovery of the stolen items.
‘The robbers had mercilessly beaten the security men and tied them up before forcing the factory open, he added.
From the aforementioned robberies Innoson Group should watch their back and provide its manufacturing industry necessary security to avoid repeat of what happened to Engineer Izuogu.
Credit: Vanguard Newspaper
It must be recalled