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Nairaland Forum / Nairaland / General / Business / Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant (45589 Views)
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Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Toscarel: 6:54pm On Aug 27, 2019 |
miteolu: with nairaland notes 1 Like
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Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by IamCharles123: 6:55pm On Aug 27, 2019 |
miteolu:U are not getting me, the cost of the car assembly plant is not 1.7billion, he only invested 1.7 billion, they were other investors too, but his own was 1.7billion. He didn't say the plant cost 1.7 billion. I nor know how i wan take explain am pass |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by niyidenrele: 7:14pm On Aug 27, 2019 |
autojosh:.....only God knows the problems of you Easterner,the last someone here said ,you never knew what you want ,just like the mind of an average woman ,I thought he doesn't know what he was saying,but I later realised that,he has seen you guys all .....were you not the same people that keep blaming PMB for the policy on rice ,we kept hearing you guys tongue-lashing him that ,he should have exercised patience in banning foreign rice since we are very low in output,....now same man decide to exercise the same patient by not rushing to ban importation of cars ,and try to look at how to tackle the problems without affecting the common man ,if I may ask you ,how many Nigerian can afford brand new cars even if it was assemble here in Naija??..or name the number of your family members that can boastfully says they have bought their car as tear rubber??..This your hatred for this man ,I hope will not lead to high BP .... |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Gerrard59(m): 7:18pm On Aug 27, 2019 |
Reference: While you're right, social media economists criticised Buhari's mandate to the CBN to restrict forex for milk importation. If Buhari implements a similar policy to the auto industry, same people will criticise the move. It's a pity that Cosmas faces this issue but Buhari's hand is tight on the issue and I cannot blame him. 1 Like |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by LordPsalm(m): 7:20pm On Aug 27, 2019 |
OP. When did $50m become N1.7bn? When only $3m is N1bn? |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Gerrard59(m): 7:20pm On Aug 27, 2019 |
tutudesz: He's not the only individual venturing into vehicle assembling. The Indians behind Stallion are doing same with Nissan and PAN with Peugeot. 1 Like |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Xneg: 7:25pm On Aug 27, 2019 |
dokyOloye: If implemented, can you afford the new cars? I hope you know if implemented, you can't bring used cars of more than 3yrs into the country 1 Like |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by nedu2000(m): 7:45pm On Aug 27, 2019 |
Blakjewelry:what i mean is that he needs way more than that amount to start a worldclass plant. |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by ibkgab001: 7:48pm On Aug 27, 2019 |
safetyInspector: Nah Yaruba then ... you better go and pack your gala carton before rain scatter everything for you |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by owenwin: 7:58pm On Aug 27, 2019 |
Naija |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by VULCAN(m): 8:03pm On Aug 27, 2019 |
Can someone translate this as I am struggling to relate this to Madukas regret? Is this in support of his statement or a rebuttal or just an irrelevant off topic response? straighttalk: |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by lukui: 8:06pm On Aug 27, 2019 |
ehn ehn so you are a learner while your friends are investing in lucrative and positive things like alcoholic drinks like adonko bitters, naira bet, bet naija, prostitution, building hotels, sex trafficking, smuggling young innocents girls INI Italy for prostitution, cigarettes, Indian hemp, marijuana, tramadol, paraga, alomo bitters, codeine syrup, baby oku and to mention just a few you are not ranting and telling us stories!!!! abeg get out of here!!! |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Enice(m): 8:13pm On Aug 27, 2019 |
wailers will always cry as usual. do you know what this guy is saying? he is saying that the government should ban all car imports (tokumbo) and impose higher levies on new one so as to boost car sales produced in Nigeria. recently when this was done in the agricultural sector most of these wailers were insulting the president. now they want the same for cars. anuofia |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by MrGerald(m): 8:20pm On Aug 27, 2019 |
Cherrybae:Will this cause your smelly pussy to stop or you ugly looking species to look better? |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by PeacenLove2: 8:33pm On Aug 27, 2019 |
Vehicle plant to sell 10,000 vehicles annually in a country where majority of the 200 million can barely afford a bicycle let alone brand new cars? While I agree the government needs to stop being hostile to entrepreneurs especially our own people, I also believe there is need to choose the right kind of investment. For me, a domestic car plant should aim to produce brand new cars not more than 1 million naira and see if they won't be struggling to meet demand. 1 Like |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by omohlexy: 8:52pm On Aug 27, 2019 |
Just tell us you are no longer getting those senseless waivers that the previous government was giving you. A new party is in power now. Join APC bro |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by charlsecy(m): 9:13pm On Aug 27, 2019 |
IamCharles123:No. Read the article again and tell me what $50 million is in Naira. |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by ubcandid(m): 9:27pm On Aug 27, 2019 |
sacramento1212:You mean Bristol and Elizabeth sell [/b]Tokubo cars?[b] |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by sacramento1212: 9:37pm On Aug 27, 2019 |
ubcandid: I am 100% sure of Elizade Nigeria. But not completely sure of Briscoe because i was only notified about Briscoe by a colleague. |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by ubcandid(m): 9:51pm On Aug 27, 2019 |
sacramento1212:I hope theirs is not those road side ones that deceive people? Not faulty ones? |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Skmoda360(m): 9:57pm On Aug 27, 2019 |
miteolu:It's not funny, stop your foolish joke before you get banned....rubbish human being |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by miteolu(m): 10:01pm On Aug 27, 2019 |
Skmoda360: Ban on earth or heaven?
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Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by sacramento1212: 10:07pm On Aug 27, 2019 |
ubcandid: Trust me Elizade Nigeria used vehicles are certified. Nothing like deceit. You can go there and see for yourself. I guess their combining brand new and used was to make them also competitive because many companies are buying used as against brand new vehicles except for those that are highly financially bouyant enough to spend much on liabilities. |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Skmoda360(m): 10:10pm On Aug 27, 2019 |
miteolu:The guy even dey open mouth to laugh...were re oooo |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by ubcandid(m): 10:13pm On Aug 27, 2019 |
sacramento1212: That's cool. Thanks for the info. 1 Like |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by DedeNkem: 10:25pm On Aug 27, 2019 |
No sane investor invests in Nigeria! |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by tutudesz: 1:42am On Aug 28, 2019 |
Gerrard59:He is only interested in the bill because of his assembling plant is now completed, when others were building theirs he kept quiet about the bill and was busy importing cars. |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Gerrard59(m): 2:07am On Aug 28, 2019 |
tutudesz: Well, he is a capitalist not a philanthropist. When he was constructing his, what were others doing? Should there not be a reward for diligence? 1 Like 1 Share |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Dshocker(m): 5:24am On Aug 28, 2019 |
Chiefochiefo: I guess you are underage to have made this statement |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by greatman247(m): 11:04am On Aug 28, 2019 |
Useless blogger, $50 millions is not N1.7billion now or in 2017. We know calculations, it’s way above N 1.7billions. |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by DexterousOne(m): 11:08am On Aug 28, 2019 |
Gerrard59: Buhari is going about it the wrong way.... You have to support and prop local producers FIRST Give them ALL INCENTIVES FIRST Once that is done You can then pull the rug off the feet of the importers Pulling the rug first, while local producers are still facing handicaps and inefficiency Would lead to double tragedy That is the mistake Local producers must be given all INCENTIVES FIRST |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by cooooooks(m): 1:42pm On Aug 28, 2019 |
Look at the issue well. The auto policy prescribes banning virtually all car imports outright. If you think cars are expensive now, wait until they ban cheaper used car imports. What government should do is buy and encourage companies to only buy new cars that are assembled locally. They could ban large scale imports of NEW cars but leave used cars for the masses. |
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