Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. - Politics (3)

Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. - Politics (3) - Nairaland

Nairaland Forum › Nairaland General › Politics › Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. (21050 Views)

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Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by yommen: 9:01pm On Mar 06, 2016

adeyemi2015:

Our economy will only get worse if we cannot look inward. Innoson can of course come up with SUVs of range rover quality. For your information, the first set of automobiles made by range rover manufacturers decades ago don't look like the vehicles they make these days. if you don't start at all, you can't progress. It's high time Nigerian youths thought right.

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by yommen: 9:04pm On Mar 06, 2016

fulanimafia:
Are you looking for a monopoly? He should be encouraged as well but he needs to upgrade the standard of his products to be able to compete in the market with other more established brands.

Have you or anyone close to you used innoson to have suddenly concluded that it's of no standard? We only have one problem. Inferiority complex.

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by aresa(op): 9:05pm On Mar 06, 2016

zilon12:
I am not at all against his ideas. What I am saying is he should fully execute one project before jumping to another.

I am an indigene of Kaduna. The only physical achievement in El Rufai's tenure is demolition of illegal structures and removing ghost workers from the states payroll. Anything else is just promises

Mallam Nasir El-Rufai Visits Arewa Textile Industry In Kaduna

[img]http://4.bp..com/-TKLGOvuAbWg/VVIJMy9YwII/AAAAAAAAk9s/7EzvV22kGyg/s1600/akin.PNG[/img]

[img]http://1.bp..com/-bt-KzXaNcXc/VVIJWv_L5UI/AAAAAAAAk90/6xRl5CyjawI/s1600/ali1.PNG[/img]

[img]http://1.bp..com/-9PoTf6Hwjbg/VVIJjvQSx1I/AAAAAAAAk98/IGuVny0aLQY/s1600/ASA1.PNG[/img]

Seems the incoming government is keen on reviving old non-functional sectors. Kaduna state governor-elect, Mallam Nasir El-Rufai, on Tuesday visited the once vibrant but now comatose Arewa Textile Nigeria Limited in Kaduna.

http://www.nationalhelm.com/2015/05/mallam-nasir-el-rufai-visits-comatose.html

Many of you just jump on the internet to hate, spew ignorance about what you know nothing about.

This issue happens to be the first issue he attended to as the governor of Kaduna..

You are from Kaduna, but you still have zero clue about your governor and his activities.

The man is doing his job and moving his state forward while you are sitting here lying and hating..

4 Likes

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by Nobody: 9:08pm On Mar 06, 2016

Rumors.Hell rufai with convert the shares to his family property.

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by Nobody: 9:10pm On Mar 06, 2016

aresa:
Mallam Nasir El-Rufai Visits Arewa Textile Industry In Kaduna

[img]http://4.bp..com/-TKLGOvuAbWg/VVIJMy9YwII/AAAAAAAAk9s/7EzvV22kGyg/s1600/akin.PNG[/img]

[img]http://1.bp..com/-bt-KzXaNcXc/VVIJWv_L5UI/AAAAAAAAk90/6xRl5CyjawI/s1600/ali1.PNG[/img]

[img]http://1.bp..com/-9PoTf6Hwjbg/VVIJjvQSx1I/AAAAAAAAk98/IGuVny0aLQY/s1600/ASA1.PNG[/img]

Many of you just jump on the internet to hate, spew ignorance about what you know nothing about.

This issue happens to be the first issue he attended to as the governor of Kaduna..

You are from Kaduna, but you still have zero clue about your governor and his activities.

The man is doing his job and moving his state forward while you are sitting here lying and hating..

So you think we don't hear that he is only placing ban on christian places of worship?

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by AmeLonRo(m): 9:11pm On Mar 06, 2016

Good PLAN. But I look forward to that day and time soon when the government will not tell us their plans and we will just see the good projects they have completed. In advanced countries, roads, projects, etc are not commissioned until the citizens have tested the roads, developments for about a year or six months. Nigeria go better soon.

This applies to companies too. Lets stop the PLAN to, WILL soon, INTEND to, PRAYING to... Lets act fast and develop our capacities for real progress. The time is now.

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by ChoCandyDiamond(f): 9:11pm On Mar 06, 2016

aresa:
Mallam Nasir El-Rufai Visits Arewa Textile Industry In Kaduna

[img]http://4.bp..com/-TKLGOvuAbWg/VVIJMy9YwII/AAAAAAAAk9s/7EzvV22kGyg/s1600/akin.PNG[/img]

[img]http://1.bp..com/-bt-KzXaNcXc/VVIJWv_L5UI/AAAAAAAAk90/6xRl5CyjawI/s1600/ali1.PNG[/img]

[img]http://1.bp..com/-9PoTf6Hwjbg/VVIJjvQSx1I/AAAAAAAAk98/IGuVny0aLQY/s1600/ASA1.PNG[/img]

Many of you just jump on the internet to hate, spew ignorance about what you know nothing about.

This issue happens to be the first issue he attended to as the governor of Kaduna..

You are from Kaduna, but you still have zero clue about your governor and his activities.

The man is doing his job and moving his state forward while you are sitting here lying and hating..

Did you know what is hapening in KADUNA more that the Indigene that said he living in Kaduna and his government has done nothing, you are posting picture of a governor visiting a factory house does those pictures translate into physical output

2 Likes

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by agabaI23(m): 9:12pm On Mar 06, 2016

fulanimafia:
First of all, the UK government has a stake in Rolls Royce. Secondly, having a stake in PAN does not necessarily mean that it's management would be affected, changed or politicized, unlike in the cases of NITEL and Mtel. What this simply means is that more financing would be available to the company to expand its operations, and the government is creating jobs, fostering the growth of allied industries, and creating a new revenue stream by this investment.

Finally, PAN Nigeria is owned by ASD Motors (owned by Alhaji (Dr.) Sani Dauda), a wholly indigenous company, so your talk about it pulling out of Nigeria is completely baseless.

Have a stake is different from acquiring.

Dangote has stake in Arsenal but he has not acquired Arsenal. Usmanov has 30% stake in Arsenal but he has not acquired Arsenal.

Acquisition leads to ownership which leads to government control. They determine how the business is run. Abramovich owns Chelsea and he hires and fires...

It does not matter whether the owner of the PAN franchise is a French or a Fulaniman, what matters is that government would buy over the control of the business. I see a money stealing/ wasting conduit ...

1 Like

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by fulanimafia: 9:12pm On Mar 06, 2016

yommen:
Have you or anyone close to you used innoson to have suddenly concluded that it's of no standard? We only have one problem. Inferiority complex.

https://www.nairaland.com/2955078/experience-checking-out-innoson-car

1 Like

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by fulanimafia: 9:18pm On Mar 06, 2016

agabaI23:
Have a stake is different from acquiring.

Dangote has stake in Arsenal but he has not acquired Arsenal. Usmanov has 30% stake in Arsenal but he has not acquired Arsenal.

Acquisition leads to ownership which leads to government control. They determine how the business is run. Abramovich owns Chelsea and he hires and fires...

It does not matter whether the owner of the PAN franchise is a French or a Fulaniman, what matters is that government would buy over the control of the business. I see a money stealing/ wasting conduit ...

Read the news article again. It said the government was acquiring a majority stake in the company, and not total acquisition.

@ Bolded...that is not necessarily true.

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by princdebola201(m): 9:22pm On Mar 06, 2016

ChoCandyDiamond:
Tribal bigot, Innoson is it a regional business or a one man business and people are jubilating, have you people seen any successful company owned by Nigeria or any State government in Nigeria since independence in 1960. One politician will just make one unachievable statement and the gullible people will start jumping up and down

Pained Bigot tongue

3 Likes

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by chronique(m): 9:27pm On Mar 06, 2016

If Innoson was smart,he would have acquired PAN to boost his production,and kill competition.

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by aresa(op): 9:30pm On Mar 06, 2016

agabaI23:
Have a stake is different from acquiring.

Dangote has stake in Arsenal but he has not acquired Arsenal. Usmanov has 30% stake in Arsenal but he has not acquired Arsenal.

Acquisition leads to ownership which leads to government control. They determine how the business is run. Abramovich owns Chelsea and he hires and fires...

It does not matter whether the owner of the PAN franchise is a French or a Fulaniman, what matters is that government would buy over the control of the business. I see a money stealing/ wasting conduit ...

Controlling Interest

Fifty percent plus one ownership of the stock in a publicly-traded company. This gives the person or company with the controlling interest outright control of the company's operations, especially the election of its board of directors. Some investors with controlling interest are not involved in the daily operations of the company, but most are. Indeed, an individual person with controlling interest is often the company's founder. The person or company with controlling interest is called the majority shareholder.

http://financial-dictionary.thefreedictionary.com/Majority+interest

Stop confusing yourself, you are a owner regardless your level of interest in any company, the fact that you bought some shares in that company makes you a owner and in the case of Kaduna state, we are talking about majority interest which gives the state government total control of the company, they get to make decisions, dictate directions and enact changes.

Kaduna state government is in the driver seat. PERIOD.

1 Like

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by Ojayk(m): 9:37pm On Mar 06, 2016

Nice move
but look behind what you are being told

can the state effectively run that in the face of a dwindling economy?

who buys the finished products?

would there be a need for public-private partnership?
who and who owns the firms in the PPP Arangement?
let someone or some people use state funds to acquire some properties for themselves.
just took some miller drink, take this serious at ur own cost

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by aresa(op): 9:38pm On Mar 06, 2016

[s]

ChoCandyDiamond:
Did you know what is hapening in KADUNA more that the Indigene that said he living in Kaduna and his government has done nothing, you are posting picture of a governor visiting a factory house does those pictures translate into physical output

[/s]

You are not from Kaduna and you know nothing about Kaduna.

Stop derailing.

5 Likes

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by Nobody: 10:01pm On Mar 06, 2016

yommen:
Our economy will only get worse if we cannot look inward. Innoson can of course come up with SUVs of range rover quality. For your information, the first set of automobiles made by range rover manufacturers decades ago don't look like the vehicles they make these days. if you don't start at all, you can't progress. It's high time Nigerian youths thought right.

I do not mean to offend or provoke anyone! I'm sorry if you ain't comfortable with the post! Just only joking with it!

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by agabaI23(m): 10:29pm On Mar 06, 2016

aresa:
Stop confusing yourself, you are a owner regardless your level of interest in any company, the fact that you bought some shares in that company makes you a owner and in the case of Kaduna state, we are talking about majority interest which gives the state government total control of the company, they get to make decisions, dictate directions and enact changes.

Kaduna state government is in the driver seat. PERIOD.

OK thanks for the correction. You just helped me to buttress my point. Government has no business being in the driver's seat.

PAN is no longer interested in doing business and APC wants to save face by shouting acquisition.... Reversal of Auto policy has claimed one of many victims. Good night Peugeot..

1 Like

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by agabaI23(m): 10:31pm On Mar 06, 2016

fulanimafia:
Read the news article again. It said the government was acquiring a majority stake in the company, and not total acquisition.

@ Bolded...that is not necessarily true.

Majority stake gives him control...refer to the explanation given by aresa your colleague

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by realnas(m): 10:49pm On Mar 06, 2016

The kadua st govt. Shuld quickly put together a competent management team that should be able to cut costs ,reduce waste , and bring a technologically advanced way of manufacturing vehicles .if these vehicles can be sold at reasonable prices blv me PAN will regin its lost glory .the kaduna st govt shuld not involve ittself in the day to day running as this wil pave the way for graft ,miss management and other challenges that hv bogged govt owned enterprises in nigeria wish them all the best

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by aresa(op): 11:04pm On Mar 06, 2016

agabaI23:
OK thanks for the correction. You just helped me to buttress my point. Government has no business being in the driver's seat.

PAN is no longer interested in doing business and APC wants to save face by shouting acquisition.... Reversal of Auto policy has claimed one of many victims. Good night Peugeot..

I did not buttress your point, I basically corrected you and you have no idea per how the government intends to participate in this company apart from the fact that they own major shares in the company.

In the USA during the recession when the U.S. automakers went bankrupt and almost collapse, the US government bought them up with taxpayers money.

The companies are back in business, stronger and making money. The government sold it's shares and made a lot of profit money on behalf of the US taxpayers.

You have your no clue where the government of kaduna is going with this company so stop the needless assumptions and premature conclusions...

5 Likes

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by ozoro: 11:04pm On Mar 06, 2016

Rubbish !!!

Government has no business in private business
Nigerian businesses should first learn how to make common spark by the millions for export, before wasting time assembling sub standard vehicles.

UK government owns no shares in Rolls Royce

2 Likes

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by Nobody: 11:09pm On Mar 06, 2016

Africanman123:
We are talking Innoson u r talking nonsense.

SEVENTY-HUNDRED BOTTLES OF NKWU ENU FOR YOU
may you walk and never stumble
ise isee iseee nwa Chineke

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by grandstar(m): 11:36pm On Mar 06, 2016

fulanimafia:
Are you looking for a monopoly? He should be encouraged as well but he needs to upgrade the standard of his products to be able to compete in the market with other more established brands.

they are both white elephant projects! angry

fulanimafia:
Are you looking for a monopoly? He should be encouraged as well but he needs to upgrade the standard of his products to be able to compete in the market with other more established brands.

they are both white elephant projects!

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by amazingspiderma: 11:39pm On Mar 06, 2016

The other day at the just concluded trade fair ,this same man said Kaduna government , Dangote along with some northern states were going to buy up the company. Today he is saying Kaduna state alone was going to buy majority stake in the company.This is inconsistent.
Secondly,If the aim of the project was to reduce youth unemployment. What will be the resulting job figures to be generated as a result if increase in the production. What are the names and types of the other allied companies that would benefit from it within the metropolis. This is just another promise. Nigerians will always celebrate promises even when they have not seen any plan or feasibility studies on the ground.
Wake me up when he presents a plan. This is an old trick as far as I am concerned.

1 Like

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by justmenoni: 12:06am On Mar 07, 2016

Lol

quote author=adeyemi2015 post=43537711]
grin

How You take know say my Shoes na confirm Aba-made?
Proudly patronizing the Naija made![/quote]

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by zilon12(m): 12:09am On Mar 07, 2016

aresa:
Mallam Nasir El-Rufai Visits Arewa Textile Industry In Kaduna

[img]http://4.bp..com/-TKLGOvuAbWg/VVIJMy9YwII/AAAAAAAAk9s/7EzvV22kGyg/s1600/akin.PNG[/img]

[img]http://1.bp..com/-bt-KzXaNcXc/VVIJWv_L5UI/AAAAAAAAk90/6xRl5CyjawI/s1600/ali1.PNG[/img]

[img]http://1.bp..com/-9PoTf6Hwjbg/VVIJjvQSx1I/AAAAAAAAk98/IGuVny0aLQY/s1600/ASA1.PNG[/img]

Many of you just jump on the internet to hate, spew ignorance about what you know nothing about.

This issue happens to be the first issue he attended to as the governor of Kaduna..

You are from Kaduna, but you still have zero clue about your governor and his activities.

The man is doing his job and moving his state forward while you are sitting here lying and hating..

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by zilon12(m): 12:10am On Mar 07, 2016

aresa:
Mallam Nasir El-Rufai Visits Arewa Textile Industry In Kaduna

[img]http://4.bp..com/-TKLGOvuAbWg/VVIJMy9YwII/AAAAAAAAk9s/7EzvV22kGyg/s1600/akin.PNG[/img]

[img]http://1.bp..com/-bt-KzXaNcXc/VVIJWv_L5UI/AAAAAAAAk90/6xRl5CyjawI/s1600/ali1.PNG[/img]

[img]http://1.bp..com/-9PoTf6Hwjbg/VVIJjvQSx1I/AAAAAAAAk98/IGuVny0aLQY/s1600/ASA1.PNG[/img]

Many of you just jump on the internet to hate, spew ignorance about what you know nothing about.

This issue happens to be the first issue he attended to as the governor of Kaduna..

You are from Kaduna, but you still have zero clue about your governor and his activities.

The man is doing his job and moving his state forward while you are sitting here lying and hating..

Has anything concrete taken place at the textile since his visit?

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by fulanimafia: 12:22am On Mar 07, 2016

agabaI23:
Majority stake gives him control...refer to the explanation given by aresa your colleague

And how does that automatically translate into a change of management? Have you forgotten Dangote is also getting a stake in the company?

You have absolutely no facts to suggest that the management of PAN would suffer if it's ownership structure is changed. If you do, state it.

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by aresa(op): 12:43am On Mar 07, 2016

zilon12:
Has anything concrete taken place at the textile since his visit?

Silly question. You are in kaduna and you are also a citizine of kaduna why not perform your civic duty by going to the governor's office for answers?

2 Likes

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by 989900: 5:16am On Mar 07, 2016

Why would anyone have a problem with this?

3 Likes

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by aresa(op): 5:22am On Mar 07, 2016

989900:
Why would anyone have a problem with this?

Good question...

Hate, tribalism and bigotry is your answer..

5 Likes

Re: Kaduna Govt. To Acquire Peugeot, Targets 90,000 Cars Yearly.. by agabaI23(m): 5:34am On Mar 07, 2016

fulanimafia:
And how does that automatically translate into a change of management? Have you forgotten Dangote is also getting a stake in the company?

You have absolutely no facts to suggest that the management of PAN would suffer if it's ownership structure is changed. If you do, state it.

You guys can defend anything APC even when you have doubts in your mind. If you show me one thing APC or Buhari you have openly disagreed with I will continue with this discussion otherwise, I thing it is a waste of my energy because you will never accept anything that does not praise your party.

Having said that, I want you remember that a majority shareholder has the ace. Whatever he wants is done and in this case it is the state government and it is a state government in Nigeria....

Like I said in my first post, I am all for progress, I want this to succeed but I am skeptical. But I will very much like to be proved wrong....

1 2 3 4 Reply

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