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Dangote Group of Companies has established a $100million truck assembly plant in Lagos as part of its efforts toward boosting foreign exchange and job creation in the country.

The group said in a statement on Sunday in Lagos that the plant was floated by the group in partnership with National Heavy Duty Truck Group Company Limited, (SINOTRUK), a Chinese firm.

It quoted Mr Anthony Chiejina, the Chief Corporate Communication Officer, Dangote Group, as saying that the plant, located in Ikeja, has the capacity to produce 10,000 trucks annually.

He stated the before now, Dangote had been spending heavily on importing trucks to distribute its products both locally and across African countries.
Chiejina said the conglomerate owned 60 per cent stake in the assembly plant while SINOTRUK holds 40 per cent, in a partnership that was formed in 2014.

According to him, the plant is expected to create 3,000 direct employments when fully operational.

Nigeria is a major market for SINOTRUK products, with Dangote Group, operating the largest fleet in Africa, having over 10,000 trucks for the distribution of its products across the continent.
Chiejina said the new company would save Nigeria huge foreign exchange being spent on importation of heavy duty vehicles.

According to him, there will be room for project expansion in future as it meets the national truck demand and will explore exportation to neighbouring countries to generate foreign exchange for the nation.
Chiejina said Aliko Dangote believed that the current economic challenges would make Nigeria stronger if approached positively.

“Alhaji Aliko still believes that Nigeria is one of the best places in the world to do business,’’ he said.
The assembly plant is coming ahead of a $17 billion Dangote Refinery, petrochemical and fertiliser plants also located in Lagos that would have the capacity to produce 650,000 barrels per day when it commences operation.

The refinery is expected to begin operations in 2019.

The refinery, which is expected to create over 300,000 direct and indirect jobs, would require several haulage trucks for product distribution.
Dangote Group imported 12,000 trucks from China in 2014.

SINOTRUK is the largest exporter of trucks in China for 10 consecutive years, securing a sale of 34,000 trucks out of the 176,000 vehicles exported in 2014.

It (SINOTRUK) revenue from overseas sales amounted to 9 billion yuan ($1.45 billion), accounting for about 13 per cent of the total sales.

SINOTRUCK is a Chinese state-owned truck manufacturer, established in 1956, with its headquarters in Jinan, Shandong Province.

The company developed strategic technical partnerships with major international brands such as Steyr in Austria and Mann in Germany, all of which had helped it penetrate key global markets.

cc lalasticlala seun

SOURCE: http://www.nairanaijanews.com/2017/01/dangote-floats-100m-truck-assembly.html

JACK OF ALL TRADE ..

That man's pockets just keep getting deeper...

Good

I once heard Dangote is a front for corrupt Northern politician



If that is true then he's awa thief


Imagine if likes of Alamesia, ibori, Jonathan had pH'ed into Nigeria's economy like Dangote is doing, we wouldn't be in recession , alas they prefer to move money abroad or bury it in pits



Dangote carry on, we sight you

Lagos will soon be another country of its own Within Nigeria

Every aspect of the economy and politics has always favoured this man

Very unfortunate. This shows that:
1. He has no interest in investing in the rail which means he will lobby to ground the rail which Goodluck Jonathan struggled to resuscitate.
2. Nigerian roads are doomed. No country's roads (least of all Nigerian) can survive the pounding they will get from this number of trucks. So more money goes into road rehabilitation which is only a temporary solution to a permanent problem.
Nigerians should NOT laud a truck production company. Not at this time in our national development.
RAIL should be the focus now.

AWONEYAN:
Lagos will soon be another country of its own Within Nigeria

A country of the yorubas

GMBuhari:
I once heard Dangote is a front for corrupt Northern politician



If that is true then he's awa thief


Imagine if likes of Alamesia, ibori, Jonathan had pH'ed into Nigeria's economy like Dangote is doing, we wouldn't be in recession , alas they prefer to move money abroad or bury it in pits



Dangote carry on, we sight you

i second

oatzeal:
JACK OF ALL TRADE ..

...master of all

where are the roads? only God knows how many people dangote trucks have killed

HMmmm

Smart guy.

This Dangote is very smart. He knows there is zero duty on completely knocked down units of vehicles while brand new vehicles carries a 70% duty.


He has done his calculation as regards the number of trucks he will be needing for his businesses, say in the next 5 years, and the cost of importing these trucks and paying a whooping 70 percent duty per truck to the govt.

And has come to the realisation that it may actually be cheaper to invest in an assembly plant, where you are allowed by the govt to bring in completely knocked units and not pay a dime on duty.

In addition, there is money to be made in the endeavour apart from the cost saving it will represent to the Dangote group.

All he needs is a willing foreign partner with the technical capacity, who equally needs a local partner with deep pockets and wide connection across the breadth of the country.

There goes this seamless partnership between the Chinese and Dangote. The Chinese are ever eager to invade the length and breadth of the Nigerian economy.

Although there are benefits to be derived by Nigeria from this: direct employment, tax, VAT on sold trucks and also lots of indirect employment, but from my opinion, after the country has gotten a good number of assembly plants up and running, they should make the conditions for bringing in completely knocked down vehicle units more stringent.

They should mandate the vehicle assembly plants to imbibe a robust local content in their business. With a view to manufacturing vehicles fully within the country in the nearest future.

nijanigga:
where are the roads? only God knows how many people dangote trucks have killed

bad belle

I love this man...he is a cosponsor visionnare

malfunction trucks... ritualistic Dangote want to increase his killer machine

tolexy123:
A country of the yorubas

A country of the Yorubas?!...so, Lagos will be making life easier, the government in Oyo, Osun, Ondo and the rest won't achieve anything in their state and you still keep on shouting Country of Yoruba?...e go shock you!!!...

dangote everywhere, i sure say igbo man blood dey flow for this man vein.

Huge Investment! $100m no be joke. Welldone Dangote.

martineverest:
bad belle

ok oh, i pray that dangote trucks will not affect you negatively

bigboss80s:
Very unfortunate. This shows that:
1. He has no interest in investing in the rail which means he will lobby to ground the rail which Goodluck Jonathan struggled to resuscitate.
2. Nigerian roads are doomed. No country's roads (least of all Nigerian) can survive the pounding they will get from this number of trucks. So more money goes into road rehabilitation which is only a temporary solution to a permanent problem.
Nigerians should NOT laud a truck production company. Not at this time in our national development.
RAIL should be the focus now.

Which kain nonsense is this?

Dangote 2019

Why not Aba or Kaduna? Ipob and those killing themselves in north, open ur eyes now and see what is going on in other part of this country.
You re on self destruction

If 60% of Nigerians can have the mentality Dangote is having then Nigeria will be a better place. God bless Dangote and long may He live!

bigboss80s:
Very unfortunate. This shows that:
1. He has no interest in investing in the rail which means he will lobby to ground the rail which Goodluck Jonathan struggled to resuscitate.
2. Nigerian roads are doomed. No country's roads (least of all Nigerian) can survive the pounding they will get from this number of trucks. So more money goes into road rehabilitation which is only a temporary solution to a permanent problem.
Nigerians should NOT laud a truck production company. Not at this time in our national
development.
RAIL should be the focus now.

Trash & painment
These Truck plant will provide thousands of job IGR fit Lagos N easy demand for for ex to acquire trucks abroad.

The rail line is completely different medium that will require billions to be completed.

why Lagos again?

Good but more emphasis should be placed on rail transportation, to reduce the work load on the road

bigboss80s:
Very unfortunate. This shows that:
1. He has no interest in investing in the rail which means he will lobby to ground the rail which Goodluck Jonathan struggled to resuscitate.
2. Nigerian roads are doomed. No country's roads (least of all Nigerian) can survive the pounding they will get from this number of trucks. So more money goes into road rehabilitation which is only a temporary solution to a permanent problem.
Nigerians should NOT laud a truck production company. Not at this time in our national development.
RAIL should be the focus now.

Tomorrow you will still blame the government for bad roads... Just negodu... Rubbish talk...

Good

nijanigga:

ok oh, i pray that dangote trucks will not affect you negatively

amen

bigboss80s:
Very unfortunate. This shows that:
1. He has no interest in investing in the rail which means he will lobby to ground the rail which Goodluck Jonathan struggled to resuscitate.
2. Nigerian roads are doomed. No country's roads (least of all Nigerian) can survive the pounding they will get from this number of trucks. So more money goes into road rehabilitation which is only a temporary solution to a permanent problem.
Nigerians should NOT laud a truck production company. Not at this time in our national development.
RAIL should be the focus now.

These are very stupid arguments. Why would he lobby to ground the rail lines? Its only in Nigeria we have stupid arguments like this.
When NEPA wasn't supplying anything in the past and before the advent of DISCOS, they said it was the generator cartel that was sabotaging NEPA. Even the corrupt NEPA officials themselves joined in on the argument. That's how another foolish former minister of Aviation came up with a stupid argument that demonic forces were responsible for plan crashes when our airlines were flying planes built in the 1950's.
Why are Nigerians such foolish people?
And then instead of using trucks to transport petroleums products from the dangote refinery in Epe to Ikeja or surulere, why don't we just build a rail line from Epe to surulere? Abi that's your argument?