Innoson Motors
Press Release
INNOSON MOTORS STILL ON PRODUCTION
We are constrained to respond to the news report
on Innoson Motors laying off workers and shutting
down production over Forex crises which were
widely reported by various news mediums yesterday
and today.
The report which stated in some of this news
platforms that “Nigeria’s major vehicle assembly
plant, Innoson Vehicle Manufacturing (IVM), has
announced its decision to shut down production due
to lack of foreign exchange to import vehicle
components” is a total deviation from the interview
Dr Innocent Chukwuma granted to Reuters News
Agency and which was correctly published by them
but was totally distorted by various news platforms.
The company will, through this medium, state the
correct position;
Innoson Vehicle Manufacturing Co Ltd
@innosonmotors has not shut down its
manufacturing plant and is not planning to do so. In
as much as the company is experiencing low
production due to the inability to get the required
volume of forex to source for its vehicle
components outside Nigeria, it still have absolute
faith in the Federal Government and CBN ability to
fix forex scarcity problems.
Innoson Vehicle Manufacturing Co Ltd has not laid
off its staff due to the low activities in production,
rather what the Dr Chukwuma said was "I believe
they (Federal Government) are doing something but
if they can't do anything we'll lay off some workers,"
Innoson Vehicle Manufacturing Co Ltd believes in
the Federal Government’s drive to boost the
manufacturing sector and is aware that this present
forex scarce challenge is a phase that will soon
pass
Cornel Osigwe
Public Relations and Media Assistant
Innoson Group
2 hrs · Public .
Source :official, innoson motors on facebook

Source Some people will not like this.

K

Wailers, please read carefully... people who are actually producing something are still positive and upbeat about government's ability to turn things around.

Now that this lie is busted they will quietly move to the next made-up story or malicious headline to w'ank over.

Afonjas won't be happy...I knew it was a propaganda yesterday out of envy. One yesterday was suggesting that because of dollar scarcity Innoson should stop car manufacturing and focus only on rubber and plastic; out of the evil envy in them. Innoson and like Ibeto and other Igbos business men source their dollar from a secret means that they will not share with afonjas. They will keep progressing!

.

Real2020:
Afonjas won't be happy...I knew it was a propaganda yesterday out of envy. One yesterday was suggesting that because of dollar scarcity Innoson should stop car manufacturing and focus only on rubber and plastic; out of the evil envy in them. Innoson and like Ibeto and other Igbos business men source their dollar from a secret means that they will not share with afonjas. They will keep progressing!

I dey tells u bro. U won't see them in this thread,...

So its true...

They've reduced production and are contemplating stopping all together if forex does not become available.

They should relocate to Ghana/Cameroon before its too late.

NwaNimo1:
So its true...

They've reduced production and are contemplating stopping all together if forex does not become available.

They should relocate to Ghana/Cameroon before its too late.

See them afonja...pouting their tongue in excitement. Igbos the earlier you realize that the biggest evil enemy to you is afonjas.

Good news.

Alea iacta est


The die is cast

No one knows where things go from here.