Adeola Adeokun, the company’s Deputy Manager, Sales and Marketing, said there is need for the government to intervene to check the high forex rate in order to save local production of goods including vehicles.
“Most particularly, we need the government to intervene in the area of Foreign Exchange or Forex, because now, we assemble, we manufacture, before now, forex was at 10% but now they have raised it to 35%. And don’t forget that we are competing with other companies bringing in the same type of products, so it is cheaper for those that bring in the products from outside. And because we assemble we create jobs, we have so many staff, we pay overheads.
He said over 30,000 Nigerian youths had been training in modern auto technology, just as he disclosed that 18 auto training centres were established across the country for this purpose.