The Edo State Government has said that it is collaborating with an international vehicle manufacturing firm, Foton Motor Group, to establish a world-class vehicle assembling and manufacturing plant in the state.
The Managing Director of the Edo State Investment Promotion Office, Kelvin Uwaibi, said the partnership would create training and employment opportunities, as well as help reduce the cost of vehicles in Nigeria and Africa.
He said, “Foton Motor Group has traded with Nigeria in the past. However, they will commence manufacturing their products in Nigeria by establishing an automobile assembling factory in Edo State. The state will provide the necessary support to ensure that the factory is established, and in turn, they will provide support through strategies and investments to alleviate car-related issues in Nigeria and Africa.”
On his part, the Project Manager of Foton Motor Group, Jimmy Liuo, said, “The vehicle assembling company in Edo is going to be a long-term investment and will contribute to economic development in Nigeria. We are in Edo State because of its business-friendly environment. We will bring top brands from China, like micro, light, and heavy-duty trucks and CNG, to Nigeria to reduce the cost of vehicles in Nigeria.”
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