Friday, November 18, 2016

INNOSON AND THE GUTS FOR LOCAL PRODUCTION

Innoson is doing something that sparks my nigerianess. This automobile company, with an annual turnover of 3.6bn and state-of-the-art technology assembles cars in Nnewi, Nigeria. It also manufactures tyres, tubes, motorcycle parts etc. Amidst the noise of no infrastructure, Innoson is still managing to make cars in Nigeria. That, for me is no mean feat!

The Nigerian government goes all over the world looking for foreign investment when her local exportable potentials are never explored. It is always very painful when what you are looking for is right under your nose. If its true that you need 9m people to produce 60m cars, the meaning is that getting the 14 million cars plying Nigerian roads manufactured in Nigeria will provide 2.1m jobs!
 If Nigeria was a developed nation, the argument will clearly be that if Innoson can assemble in Nigeria, why can’t other automobile companies do same? Or is it that everything we manufacture is always considered as fake?

When I was growing up, the opposite of the word “original” was “china”. Today, you have to consider that country called China to make real profit in most enterprise. One thing is clear about that country. China believes in her people. If you don’t believe in your citizens, why should foreigners believe in them? Innoson is doing better than many auto companies that bring automobiles into this country and call them imported as if imported cars are made in heaven and can never crash. No country attains high quality production in a day.

If you want to increase your foreign direct investment, the first thing is to consume what you produce before thinking of export. Our attitude as government and as a people is the reason why the world puts us on their dumping plan. President Olusegun Obasanjo banned imported fruit juices in this country and the country survived. Within 10 years, all we saw was Coca Cola, Chi limited, Funman Limited etc all setting up fruit juice production plants in Nigeria making products for local consumption and perhaps today, exports! We cannot continue to be archaic in production and be voracious in consumption. Foreign exchange lost to importation of Rice, flour, refined petrochemicals etc are putting heavy pressure on the Nigerian economy.

Production for consumption must commence in this nation and the public policy to back this up has to be triggered against the heart desire of a few greedy elements. I want to see Ota farm eggs in my mayonnaise and Nigerian fruits in Shoprite. Nestle has to package that Suya spice! Aba will be better off as Nigeria’s china! Nigerian rice must start going through our throats and Innoson cars should be celebrated and used, first by the Nigerian government and then the Nigerian people. Sale of jobs through importation to Coutonou and some other countries that have even less comparative advantage in some of these imported products needs to stop.


We should not wait for the death of our brands before we use and celebrate them. Nigerians have to celebrate NIGERIA and her products. At least, the ones that we have comparative advantage in must be consumed by us. Electricity is not the reason why all forms of production in Nigeria cannot happen. If Innoson can do it, then it is not practically impossible. Innoson has to be celebrated for this feat, and every other company or focused people that are busy thinking of making our country, Nigeria a place, not less, but greater and better than it was handed over to us. Do help us God.
A car manufactured by Innoson   Photocredit: Innoson

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