15 Jan 2016

Innoson Sacks 50% Of Its Work Force


Nigeria’s pioneer indigenous vehicle manufacturing company, Innoson Vehicle Manufacturing Company Limited, has laid off about 50 percent of its work force, according to News Express.
A source close to the company blamed the development on a combination of declining patronage by government, high cost of the dollar and difficulty in procuring foreign exchange for imported vehicle components.
Innoson was used to receiving alot of patronage under the Goodluck Jonathan and Peter Obi administration, but the reverse is the case now as the present State Government under the watch of Chief Willie Obiano prefers to import vehicles from the USA and elsewhere and the Buhari administration preferring BMW (N3.6 Billion) and imported cars.
REFLECTION- How patriotic are our elected Government officials? With NASS Spending Billions on foreign cars. Nigerians should demand official cars should be "Made In Nigeria" cars.
APC led government and all State Governors should improve on the record of previous administration. Please don't kill our automobile
industries

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