November 5, 2014 – Not less than 22 automobile firms have signed agreement to set up assembly plants in Nigeria and create jobs for the teeming youths, Minister of Trade and Investment, Dr. Olusegun Aganga has said.
The minister made the revelation at the conclusion of a four day event to advertise the achievement of President Goodluck Jonathan tagged, ‘The Jonathan Administration’s 4 Impactful Years’.
He said the companies include, Honda, Kia and a host of others adding that apart from assembly vehicles in Nigeria, Innoson, an indigenous firm has also concluded plans to set up tire manufacturing company in Nnewi, Nigeria.
He explained that some years back Nigeria did not have a national sugar plant until recently adding that the sugar plant has provided jobs for over 180,000 people with an investment of $3.2 billion in sugarcane. He said that what the president has achieved was unprecedented in history.
In his presentation, Minister for Works, Mr. Mike Onolememen said no administration in precolonial, colonial and in the last 50 years has recorded the type of giant stride recorded under President Goodluck Jonathan’s administration.
He explained that in 2011 there were just about 4000 kilometres of roads in fair condition in Nigeria but that today, there are 25,000 kilometres of federal roads in fair condition.
Rounding off the presentation, Minister of Finance, Dr. Ngozi Okonjo-Iweala said that despite the challenges of insecurity facing the administration, President Goodluck Jonathan is tackling the challenges one by one adding that if Nigerians remain resolute will he will be able to overcome all other challenges.