, because of their high prices. So, I decided to develop a plant where we manufacture vehicles locally at a much-reduced cost so that Africans man can afford to own a car.I started by trading. I started trading on motorcycle spare parts and moved to vehicle spare parts after a while; I started small. Later, I started seeing motorcycle as something expensive.
Bank of industry can only give you money if they test you and you are trust worthy; I didn’t know anyone in BOI before I joined. I applied for five machines and they approved only one. But seeing the way I was able to pay the one they approved made them to buy five more. To BoI, everyone is a suspect, because they don’t know anyone until you prove yourself. As at last two months, they have bought for me equipment worth N4 billion.Any industry I want to build is not an issue for me.
At a point that Air force, Army and Federal Road Safety Corps, were sourcing their vehicles from here, what did you make of that? Would the plant have made more progress assuming it was outside Nnewi? Coming to this hall of fame where people who have succeeded are recognised. How does it make you feel?
Well, I think the young ones need to believe in themselves. They should look at what they know and find out the best way to develop it. You can develop anything yourself first before talking about money. I told you I started by trading on small components of motorcycle. From there, I developed motorcycle components and went to motor components. Finally, I developed a complete motorcycle. Now I am developing complete vehicles.
innosonvehicles BOINigeria Every Sensible govt will invest in this business, have a PPP, expand Capacity and take over Africa , but Nepotism and short sightedness no go gree this Country.
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