Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,165,562 members, 7,861,658 topics. Date: Saturday, 15 June 2024 at 04:25 PM |
Nairaland Forum / Nairaland / General / Politics / Economy Of Nnewi (703 Views)
Rate Ifeanyi Uba's Mansion At Nnewi-Anambra State- Picture / Goodnews From The City Of Nnewi And It's Metropolitan Towns! / Ifeanyi Ubah At The Scene Of Nnewi Gas Plant Explosion (2) (3) (4)
Economy Of Nnewi by zuchyblink(m): 11:25am On Sep 28, 2015 |
Nnewi is home to many major indigenous
manufacturing industries including Ibeto
Group of Companies, Cutix and ADswitch,
Uru Industries Ltd, Omata Holdings Ltd,
Cento Group of Companies, Coscharis of
Companies Group, Innoson Group of
Companies, Ebunso Nig. Ltd, John White
Industries, Ejiamatu Group of Companies,
Chicason Group, Louis Carter Group, etc. The
great majority of industrialists in the cluster
of spare parts factories in Nnewi are also
traders, and most of these traders are
producing one or more of the products
they specialize in marketing as traders
(usually motor vehicle parts), and most
began by distributing their products
through their preexisting distribution
networks. Nnewi is part of eastern Nigeria's
industrial axis. The town has through
culturally grounded institutions that act as
sophisticated networks expanded to include
an international dimension through trading
relations with exporters from Asia. Over the
last decade, the town of Nnewi has
experienced relatively rapid
industrialization. In excess of 20 medium-
to-large-scale industries have been
established across a variety of sectors. Since
1970, Nnewi residents have controlled
approximately 80 to 90 percent of the
motor-parts trade in Nigeria. Nkwo Nnewi
Market is the major import and wholesale
point for motor spare parts in Nigeria. The
industrialists of Nnewi are adapting foreign
technology to local needs, providing
employment to thousands, and making
available goods and services which are
relevant actual needs of the Nigerian
citizens. The first indigenous car
manufacturing plant is located in the city,
while the first wholly Made-in-Nigeria
motorcycle was manufactured in Nnewi by
the National Agency for Science and
Engineering Infrastructure (NASENI). 1 Like |
Re: Economy Of Nnewi by Nobody: 11:27am On Sep 28, 2015 |
ok |
Re: Economy Of Nnewi by zuchyblink(m): 11:29am On Sep 28, 2015 |
Auto parts
Nnewi is known for the vibrant auto
industry in the city, the first Igbo man to
own and drive a car was HRH Igwe. Orizu I
(Eze Ugbo Onya Mba) in 1912. By 1940,
Nnewi residents were at the center of an
international trading network that
dominated the supply of motor spare parts
in Nigeria. The town subsequently became a
center for commerce and industry, and has
one of the largest automotive parts markets
in Africa. Nnewi Township is an authentic
"manufacturing miracle." Small and medium-
sized industries have set up in the town and
are producing not only for the Nigeria
markets but – albeit still to a limited extent –
for markets abroad.
Industrialization of the town began around
1970 when Nnewi motor parts traders
began marketing their own brand name
products instead of the reproductions of
"original" parts. There are a several auto
and motorcycle spare parts dealers in
Nnewi; the Nnewi Motorcycle spare parts
market is well known throughout West
Africa. There is also new auto plant, the first
of its kind in Nigeria, owned by an Nnewi
businessman, Innocent Chukwuma,oon |
Re: Economy Of Nnewi by DaBullIT(m): 11:51am On Sep 28, 2015 |
heheheheehe Advert |
(1) (Reply)
Boko Haram Releases New Video Of The Group Pledging Allegiance To ISIS [PHOTOS] / Nesg / Watch What You Say Online, Dont Think You Cant Be Tracked.
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 11 |