Gov. Nasir El-Rufa’i of Kaduna State said on Friday that the government, Bank of Industry, business tycoon Aliko Dangote and some states will acquire the Peugeot Automobile Nigeria Ltd (PAN).
El-Rufa’i who said this during the state’s special day at the ongoing 37th Kaduna International Trade Fair, named the other states as Katsina, Kebbi and Jigawa.
He said a proposal to acquire the majority shares of the company had already been submitted to Assets Management Company of Nigeria (AMCON).
According to him, the step is part of efforts to revive ailing industries in the state to provide huge employment opportunities to the teeming unemployed youths in the region and Kaduna State in particular.
He said that PAN, a critical partner in Kaduna State industrial history, had gone down from assembling 90,000 cars per annum to merely 200 a year.
“Our hope is that when we acquire the majority share of the company, we will restructure it to operate to full capacity of assembling between 90,000 and 100,000 cars yearly.
“We have the support of PAN as well as the government of France in this drive.
“We are determined to bring back all industries related to Peugeot established in Kaduna as part of plans to ensure that every youth in Kaduna State has something doing,” he said.
The governor added that his administration had created more than 120,000 jobs in nine months, “but it is not enough; we have to work harder considering the number of unemployed youths in the state”.
He added that plans were underway to revive textile industries in the state.
He said that Kaduna used to be the Manchester of Nigeria because of the concentration of textile industries in the state.
He, however, said that all the textile companies had closed down except two that were operating skeletal services.
“Kaduna State Government is committed to the revival of not only the textile industries, but the entire cotton, textile and garment value chain in the state in our development strategy,” he added.
El-Rufai also said that as part of effort to revive the agricultural sector, the state government would soon enter an agreement with a company to enable the state become a poultry hub in sub Saharan Africa.
“We are also making arrangement with another company to establish the largest fertiliser storage facility in the country in Kaduna to ensure that our farmers have access to fertiliser.
“The commissioner for commerce is currently negotiating with a foreign company that is interested in establishing a fertiliser plant in Kaduna,” El-Rufa’i said.
On mining, the governor said that artisan miners would be organised into cooperatives to streamline all mining activities in the state to tackle illegal mining.

He commended the organisers of the trade fair, the Kaduna Chambers of Commerce, Mines, Industries and Agriculture (KADCCIMA), for bringing captain of commerce and industries to the state.
He promised to work with KADCCIMA to ensure a better outing in the 2017 edition.
President of KADCCIMA, Dr Abdul Bello, said that the fair’s theme, “Promoting solid minerals sector for sustainable economic development,” enabled stakeholders to brainstorm on the way forward due to current economic challenges.
Bello added that the theme was deliberately chosen to complement and support the genuine aspiration of the current government for a robust diversification of the national economy.
The News Agency of Nigeria (NAN) reports that the trade fair which began on Feb. 25, will end on March 6. (NAN)
http://telltimes..com/2016/03/kaduna-dangote-boi-others-to-acquire.html

Nice One Governor, exactly what Nigeria needs now

I wish we can replicate same down south. I won't be surprised if Peugeot is adopted eventually as the official car of government official

tobimillar:
I wish we ran replicate same down south. I won't be surprised if Peugeot is adopted eventually as the official car of government official

ANAMMCO & INNOSSON already exists down south. Patronage and policy should be our drive. True our brothers up north enjoy some kind of monopoly but it's all part of a grand design to save the economy.

tobimillar:
I wish we ran replicate same down south. I won't be surprised if Peugeot is adopted eventually as the official car of government official

ANAMMCO & INNOSSON already exists down south. Patronage and policy should be our drive. True our brothers up north enjoy some kind of monopoly but it's all part of a grand design to save the economy.

pacino26:


ANAMMCO & INNOSSON already exists down south. Patronage and policy should be our drive. True our brothers up north enjoy some kind of monopoly but it's all part of a grand design to save the economy.

Both to me are not aggressive in their marketing and that's the most important part of business. Some peeps can literally make you buy poo with proper marketing.

With dangote involved in PAN, I see the North exporting cars to the south

And that was how innoson was kicked back to relegation.

Hmm... Instead of making Innoson bigger.
Innoson nwanne m gbado anya o!

Just here to read how some people will blame buhari and the northern oligarchy for conniving together to sabotage Innoson.and i am like WTF

So the midget, dwarf and zombie El Rufai thinks that his selfishness will not surface in handling PAN?

Peugeot?
Thats like assembling Nokia!

Why not toyota or even Honda!

phantonce:
And that was how innoson was kicked back to relegation.

A lot of Nigerians till this day are totally oblivious of northern agenda. As soon as they saw Innoson getting media spotlight and possible patronage...cash going into SE, they met and agreed to stop this Igbo man immediately. A northern billionaire will champion the cause...Dangote. Expect Dangote vs Ibeto scenario to play out...using government connection to stifle Innoson like they did to Ibeto. One Nigeria for you!

You may ask...why do I think like this? Well from experience, it happened to Ibeto.

Time for the Southern Govs to invest in Innoson. Or better still patronise the shi.t outta IVM motors.

Innoson has put fear in them. Now they will ressurect PAN and make it their official car. Imagine if Innoson were Dangote, government would have banned importation of cars completely because of him.

Every local government in Imo State has at least two Innoson vehicles. I urge other South East governors to patronize Innoson products. I bet the rise of Innoson is the major reason for calling Dangote to invest in PAN. The same thing happened to Ibeto and Slok Airways...

Dangote will definitely make those cars the norm...


that is one business tycoon.



... El Rufai is working, but I'm sure 80% of the state hate him already, same thing when he was minister of the FCT. You hate him while he's there but thank him when he's gone

I am loving this. Hope it is not to check Innoson's recent achievement.

Anything that will make Nigeria better I am in it. The Ndigbo is good at marketing and I encourage Innoson to trying hijacking the African market.

slap1:
Hmm... Instead of making Innoson bigger.
Innoson nwanne m gbado anya o!

Innoson need to sign more partnership, get bigger, and seek support from state government.


Every good needs competition to ensure the keep developing

Dangote steady making moves.

tonyx4x44:



Innoson need to sign more partnership, get bigger, and seek support from state government.


Every good needs competition to ensure the keep developing

He just signed with Sterling Bank. I believe he knows what is right but it may not be as easy as we make it seem, given that he may not be that politically connected. But I think he's making some progress now.

kingdompropty:
I am loving this. Hope it is not to check Innoson's recent achievement.

Anything that will make Nigeria better I am in it. The Ndigbo is good at marketing and I encourage Innoson to trying hijacking the African market.

Don't be surprised if they prevent Innoson from even exporting but allow PAN to export.

Cool.. That's a good progress..

tobimillar:
I wish we can replicate same down south. I won't be surprised if Peugeot is adopted eventually as the official car of government official

as it was then.

But can these officials leave Lexus, Toyota Prados and M class Benz for Peugeot?

MissingBudget:
Innoson has put fear in them. Now they will ressurect PAN and make it their official car. Imagine if Innoson were Dangote, government would have banned importation of cars completely because of him.

Every local government in Imo State has at least two Innoson vehicles. I urge other South East governors to patronize Innoson products. I bet the rise of Innoson is the major reason for calling Dangote to invest in PAN. The same thing happened to Ibeto and Slok Airways...

Exactly...I love people who can reason.

Thank God for bringing Elrufai to rescue Kaduna from Namadina and Yero (Yaro).

I hope it creates more room for employment..Nice move.

We'll get there

pacino26:


ANAMMCO & INNOSSON already exists down south. Patronage and policy should be our drive. True our brothers up north enjoy some kind of monopoly but it's all part of a grand design to save the economy.

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.

tuale4u:


[s]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.[/s]

Yoruba thinking. One man business is the hallmark of Igbo entrepreneurship. We don't do shares like yoruba.

Did Innoson tell you that he needs help with money? He is going at calculated pace...he knows what he is doing!

Nice one...
d coy seems dead...

Dangote go soon buy everything in dis country...

once this happens watch how innoson motors would be killed. dangote cannot stand competition,