Ambode commissions motorbike assembly plant in Lagos
Lagos State Governor, Akinwunmi Ambode has commissioned a 70, 000 capacity motorbikes assembly plant to bolster industrialisation in the state.
Speaking during the commissioning of the plant, which was built by CFAO Yamaha Motor Nigeria Limited, Ambode said that the population of the sate and the strong buying power of the people should give investors desire to invest in the state.
He said: “The significance of locating this Assembly Plant in Lagos is very clear. Lagos remains the most attractive location financially and socially for investment in Africa. I have come to assure you that you have made the right decision to locate your business here.”
Ambode stated that Lagos, with the population of over 21 million people which comprises of the middle-class with strong purchasing powers remains the best place for business in Nigeria and called on other international business conglomoretes who have not yet establish their businesses in Lagos to consider doing so.
A ccording to him, aside the fact that Lagos accounts for 60 per cent of Nigeria’s industrial capacity, the State also attracts about 80 per cent of $6billion annual Foreign Direct Investment into Nigeria.
Ambode, who said the state is open to business and serious investors, assured that government would continue to invest in security, job opportunity and bridge infrastructure gap.
“We will continue to invest in the critical infrastructure and security to guaranty safety and good return on investment. As a government, we will continue to explore ways to create an enabling environment to make your business thrive. We are committed to introducing new incentives for businesses in Lagos to enable them grow, support the society and take more of our youths off the street,” he said.
Chairman, CFAO France and the President, Yamaha Motors Company Limited, Messrs. Richard Bielle and Hiroyuki Yanagi, while speaking separately at the event said that the joint venture was strategic as it would boost their capacity to deepen their operations in Africa.
The duo, who expressed their belief in Lagos as the business hub of Africa, also pledged their commitment in using their business expertise to better the lot of Nigerians and thanked the government of Lagos State for the support.
They said the joint venture between CFAO and Yamaha will strengthen the transport sector as well as boost employment opportunity in the country.
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10 Comments
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Why motorbike Mr Ambode and not bus? The former is comfortable unlike the latter that is dangerous! Did Lagos State Government not ban bikes on their roads? This is hypocrisy in my assessment. Change your focusing Mr Ambode.
i thought the lagos state government has banned the use of commercial bikes.I wonder who again will bikes be assembled.This is ultimately go to defeate governments own policy.I hope we think before we undertake invesments such as this.Why cant the parts even be mannufactured here and be sold to the west african sub-region market?Thya is industrialisation not assembling please.
Williams
Assemble and export to other parts of Africa if you must. Nigeria should be done with the filth they call motorcycle taxis by now!
The Governor is confuse with his Policy, if you BAN commercial Motor bike why allowing investment and assembling them in Lagos State ?, unless its meant for export to other Countries in Africa, Hmm, it does not make sense to me with the Governor Policy of Ban ….
Very confused Governor, one minute you want to ban Okada riders in Lagos another minute you are supporting assemly plants in Lagos. Hmmmm na wa for wire road.
What is the meaning of motor cycle assembling plant in Lagos? what? this is outrageous. So where are they manufacturing the parts? nonsense
It appears they banned Okada so that you may only buy from their plant. Only bikes bought from this plat can ply roads in Lagos. Can’t you understand?
Truly our government r after self interest not d masses, it doesn’t make sense. Y did u banned den in d first instance..governor nah wa ooooo.
The Governor of Lagos State should be praised for encouraging investments in his state. To the best of my knowledge, his predecesor banned only some classes of motorcycles from some motor ways within the city, There remain thousands of routes in Lagos state where motor cyclists are not disturbed from plying.
Why not set politics of bitterness aside and support a visionary leader like Governor Ambode to continue to attract investors to Lagos, thereby generating employment for the jobless.
Leave how and where the motorcycles could be sold to the investors who would have done their homework.
We will review and take appropriate action.