THE Business Development Manager of Stallion Group, Mr. Abah Ben has said that the company was targeting 80 per cent Nigerian content for the cars to be manufactured in the country within the next four years.
Mr Ben, who stated this when he led the management team of the company on a courtesy visit to the Minister of Science and Technology, Dr Ogbonnaya Onu in his office, in Abuja, also announced that the cars assembled so far in Nigeria had about 17 to 25 per cent local content, as all the leather seats were locally sourced.
He disclosed that the group had acquired the Delta Steel Company at Ovwian-Aladja, in Delta State, which was undergoing total rehabilitation to enable it supply the company the steel needed for production process.
The leader of the team, thereafter, showed some of the assembled cars to the minister, adding that the company was in partnership with several international car manufacturers in Germany, as well as Japan and South Korea to produce their brands in Nigeria.
Responding, the Minister, Dr. Onu, implored the group to shift attention from assembling to manufacturing of vehicle parts in Nigeria, as part of Federal government`s efforts to enhance local content, saying such move would boost Nigerian’s economy, create employment opportunity and improve the profitability of the company.
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