• Home
  • News
    • African News
    • Nigerian
    • World
    • News UK
    • Politics
  • Sports
  • Business
  • Entertainment
  • Health
Nigerian Watch Newspaper
Nigerian Watch Newspaper
 
 
 
 
  • Home
  • News
    • African News
    • Nigerian
    • World
    • News UK
    • Politics
  • Sports
  • Business
  • Entertainment
  • Health
Home
Business

With Innoson Motors being the only company that can mass-produce industrial goods in Nigeria it simply has to diversify into the following areas

August 20th, 2020 African News, Business, Nigerian, Politics, World comments

With Innoson Motors being the only company that can mass-produce industrial goods in Nigeria it simply has to diversify into the following areas

Ayo Akinfe

(1) Boat and ship making
(2) Aircraft parts manufacturing
(3) Armament production
(4) Agricultural equipment like tractors
(5) Medical equipment like ventilators
(6) Electrical equipment like transformers
(7) Motorcycles and bicycles
(8) Consumer electronic goods like fridges, freezers and washing machines
(9) Railway carriages and engines
(10) Communication equipment like mobile phones, laptops, iPads and desktop computers

Industrially, Nigeria is currently where the West was at the outbreak of World War Two. With the conflict, in virtually every country, it was no more than four companies that manufactured all their industrial goods and armaments:

Italy – Fiat
Japan – Mitsubishi, Sumitomo, Yasuda and Mitsui
Britain – Vauxhall, Vickers and Rolls Royce
US – General Motors, Ford and Chrysler
Germany – Krupp, Mercedes, Siemens and BMW
France – Citroen

One great thing about Nigeria is that we have a lot of innovative youth who always come up with designs. I have seen ventilators, irrigation pumps, drones, generator sets, etc all put together by our youth but alas, there is a huge gulf between a prototype and a mass-produced finished product.

As Nigeria stands today, we simply do not have the capacity to mass-produce industrial goods, which is why Innoson is by far the most important company in the country. Just imagine what our industrial output would be if we could replace every church and mosque in Nigeria with an Innoson manufacturing plant.

Innoson has got to take over from the NNPC as the bell weather of the Nigerian economy if we are serious about industrialising. Without the capacity to mass-produce industrial goods, we are going nowhere!

Facebook Twitter Google+ LinkedIn WhatsApp
Next article Arsenal prepare £22m bid for Super Eagles striker Emmanuel Dennis seen as a replacement for Lacazette
Previous article Nigeria to end the evacuation of its citizens on August 22 in readiness for opening of her airspace

Related Posts

Pakistani textile mill acquires US manufacturing unit as Nigeria's UNTL lays off 3,000 staff Business

Pakistani textile mill acquires US manufacturing unit as Nigeria's UNTL lays off 3,000 staff

Power minister reveals that Nigeria needs to attract $4bn clean energy investment annually African News

Power minister reveals that Nigeria needs to attract $4bn clean energy investment annually

Nigeria faces bleak future as December crude oil output tumbles to a record low of 1.17m barrels a day African News

Nigeria faces bleak future as December crude oil output tumbles to a record low of 1.17m barrels a day

Facebook Comments

 

Follow Us on Facebook


Follow us on Twitter


Follow nigerianwatch on TwitterTweet

  • About us
  • Legal agreement
  • Privacy policy
  • Contact us
  • Back to top
© 2012 - Nigerian Watch. All rights reserved.
Website by Mouldme.com