Allwility:


Thanks for the brief lesson in history. But you need not stop there. Who does AMCON represent? The FG of course!! That makes those shares our national asset. So my first comment is very much valid. If the shares are to be disposed a competitive bid should be done.

GuyfawkesAB:


You are very low on IQ, so much that one could smell the earth core when you talk. Do companies only get quoted publicly because of Money? t is that same Hallmark of the Igbo man that has not got him to grow his comapanies into Continental giants like Dangote and Glo etc.
Go and pick your Economics textbook from secondary school, you need a memory refreshing

MissingBudget:


It is not about dragging politics into every thing. Just watch out. Shebi we have Dangote, Honeywell noodles in the west and have Tummy Tummy in east?

I don't like thinking like this, but I can't help it with recent happenings. Without government witch hunting, Dangote would have been no where near Ibeto, and Slok Airways would have been competing with some foreign airlines in Nigeria. Orji Uzor Kalu invested a fortune in that company which was grounded for very laughable reasons. No be today na, Oga.

matrixme:
Igbo people are often disposed to playing the victim most time. Just because some groups of Northern Entrepreneurs are planning to revive a dead company in their zone doesn't mean it's a calculated attempt to slow down one South Eastern man's business.
It's called competition and you should learn to deal with it. Last I remembered, Nigeria is a free market like every other maturing economies. Knorr, Maggi and Doyin are sharing the market with Chinese products for example. There is always Coke, Pepsi, (that funny one called big cola), lacaersa and local herbs, etc. All of them are hustling for their share of the market, so no one should feel victimized in my own opinion.

tuale4u:


INNOSEN should move away from one man business mentality. He should go public or ask all d south east states to buy atleast 40% shares. This will guarantee patronage and d business will grow. If el rufai and nothern states buys PAN, INNOSEN growth will be slowed if he does allow the public and state govt tp buy its share.

RedCapChief:


Even though I am Igbo, I agree with the above quote. Nigeria is a free market and Innoson should see this as a call to step up.

tuale4u:


INNOSEN should move away from one man business mentality. He should go public or ask all d south east states to buy atleast 40% shares. This will guarantee patronage and d business will grow. If el rufai and nothern states buys PAN, INNOSEN growth will be slowed if he does allow the public and state govt tp buy its share.

TeamSimple:

You might be right..Dangote enjoys so much support from the government.

Ymodulus:


Bro many things are wrong with Innoson.

You don't just produce a Brand and expect people to buy base on nepotic grounds - in this case indigenous coy. Innoson is still following the lame Igbo man business mentality.

Igbos are know to be business doers, however they are not intelligent business men they are just brilliant business men.

They fail to realise that there should be injection of modern business principles to excellent, and this is the reason you hardly see an Igbo business man go high to the level of Dangote, Otedola, Wale Tinubu, Folorunsho Alakija and likes.

Take note that the few igbos ( Delta Igboa actually ), who are excelling in their business nationally and internationally are those who out modern days international business standards to work.

Let me be straight and simple. Advertising is the bane of any business and innoson is yet to get this. Advert is all to a business. The power of the media should never be underestimated, with advert you can paint black as gold and Gold as brown. Innoson is yet to do this.


As long as innoson keeps believing in self sales and not spending money on advert. They will keep beeen relegated to the lower division leagues.

2n2k:


No. AMCON is a Bad Bank floated by CBN and Banks in Nigeria. AMCON operations and acquisition of bad loans are primarily financed by Bonds backed by sovereign guarantee. Its mission is to save good banks from going bad, it is not a matter of representation.

FG had already sold its shares in PAN to an individual who financed the acquisition with a loan that turned bad. It is no longer the responsibility of the govt to resell or determine how the new owner dispose of PAN. If the original lending bank had call in the collateral and dispose off PAN to any willing buyer to recover its loan, AMCON wouldn't have been involved.

onatisi:

Innoson motors is doing a wonderful marketing job. You just don't jump into advertisement or large marketing without doing your proper homework. Govt patronage should be first and this is something government isn't doing much about ,if all state governments in Nigeria ,ministries both state and federal,universities both state and federal,adopt annamco and innoson as their official vehicles and cars this will go a long way in boosting these companies revenues,increase the investment capital which will give them more money for expansion,give them the Nigerian image which will make Nigerians adopt them. But what we have today is the government budgeting almost 4 billion naira to import bmw cars from Germany and we keep playing lip service to made in Nigeria products. Just yesterday the minister for agric said they have imported grasses from brazil into Nigeria . Now who is fooling who

2n2k:


Making personal choice is different from government choosing. If government should promote and adopt one or two of those as official, what do you think will happen to the rest?

Allwility:


Thanks for the brief lesson in history. But you need not stop there. Who does AMCON represent? The FG of course!! That makes those shares our national asset. So my first comment is very much valid. If the shares are to be disposed a competitive bid should be done.

kaboninc:


The regular Igbo basher....lol. The Young

How many times have you seen a Dangote Cement advert, or a Zenon advert or an Oando advert for that matter?

Have you seen a Coscharis advertising campaign?

Even the fact that you know about Innoson today is through an advertising campaign. And how do you know that they do not advertise their range of products?

These products all have a target market and an advertising strategy using their competitive advantage. Innoson is using the "made in Nigeria by a Nigerian" campaign strategy to sell its products. Today it is a brand name and for now, its market is the South East because that's where it has a competitive advantage.

Not everything has to be issues that relate with nepotism.

Ymodulus:


There is a stage you get to in business you need no advert to sell again. You already have the command of the market. You and I know this well.

Dangote has gotten to that stage he is a house hold name, so also others.

Needless I tell you that Glo even advertise on CNN, Banks even advertise on international media.

Who is Innoson? I expect him to do several things.

- Open up his business
- Sell shares
- Create Adverts
- create avenue, for people to get cars cheap through bank auto loan and salary cheme etc.

If you look at Hyundai and Kia, they have a high rate of penetration intohe market today, that's effective advert + Marketing + business logic. They know how to sell their brand and make us see why we should get a cheap car at cheaper price.



Please don't compare Coscharis with Innoson. Coscharis is targeted at the rich, Innoson is not. Coscharis made his money from government, supply of Ford PickUp vehicles to Government Agencies And all. Where is he now?

Have you not noticed that security outfits, forces now use Toyota Hilux and gotten from direct source than allow Innoson do purchase? Innnoson shut himself down when he played the usual lame Igbo man business logic, by allowing greed to come in.


The target market of Innoson is the low lives, but does the low life have access to this vehicles or even have an idea of the vehicle name?

Out of every 10people you ask on the street only quarter of a person knows innoson vehicle by name. Innoson want to share same idealogy / logic like Hyundai and Kia. But they do t the wrong way.

kaboninc:


@onatisi

There are cars that will always be used for specific functions in the world over. Presidents naturally go with the the Mercedes. Even in US, it is used for diplomatic functions. The US president uses the Cadillac. The Beast. In other countries the preferred car is the Mercedes and maybe BMW.

onatisi:

The Cadillac is made in the USA and the manufacturer is an American company.the buik ,beast,ford are all American made cars .because their government patronises these American car makers ,it gives the citizens the confidence to also patronise them. If government doesn't patronize local industries how will the citizens do and also how will other countries patronize them?
The Chinese government go all over the world giving loans to countries all in a bid to push the products of local Chinese companies into these markets and countries . I doubt it if the Chinese government will be using Mercedes Benz as their official car. This is my argument

kaboninc:


I bet you have an idea of what you're saying

kaboninc:


I have no problem with your point of view or argument. But there are some products that "defy" the issue of "government's patronage" such as "luxury goods".

babyfaceafrica:
he is a businessman ,he goes to regions that will yield profits....your region cannot guarantee that!!...ask yourself this simple question why do rich and prominent igbos rich men do more business in the north and sw than in the east?....its business not village meeting!!!

mu2sa2:
Why are you SE guys afraid of competition? Peugeot Assembly Plant was established in the 1970s, that's more than 3 decades before innoson. Ironically even the SE state govts & people do not all patronize innoson - they seem to prefer the Toyotas, Kia, bmws,volvos. The effort to revive Pan should be seen as part of the plan to revamp local industries. Nigeria needs not only innoson but also Pan and many more local industries.

TeamSimple:

Invest in concepts of a nation seeking secession? Kini anfani okobo to kowo fun olosho? (for what benefit is it for an impotent man to give money to a prostitute)