The Anambra Motor Manufacturing Company, ANAMMCO, has begun third-party assembly of trucks, bringing its factory in Enugu partially back to life.

The News Agency of Nigeria reports that the company now assembles Shacman trucks for Transit Support Services, a Nigerian company, after recalling some of its previously downsized personnel.
Speaking during a policy monitoring visit by the National Council on Privatisation at the weekend in Enugu, the Chairman of the company, Godwin Okeke, said the development was made possible by the new Nigeria Automobile Industry Development Policy.

Mr. Okeke said the policy, pronounced in 2013, had enhanced investment, employment and capacity utilisation of assembly plants which had been “overtly sub-optimal’’.
“In order to sustain the growth and development of this policy, it is expedient that it is entrenched by appropriate legislation to guard against frequent and arbitrary policy reversal which has constituted a high risk factor to investment in the country.
“Faithfulness in adhering to the implementation timelines would engender confidence of global stakeholders on the viability,’’ he said.
The industrialist also called on the Federal Government to curb the activities of smugglers which threatened the industry.

He also pleaded with the Asset Management Corporation of Nigeria to reschedule the company’s legacy debts by one year and to stop the litigation arising from the debts.

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