The Business Development Manager of Stallion Group, Abah Ben, says the company is ready to source 80 percent of its content in Nigeria for its vehicle manufacturing within the next four years.
Abah disclosed this to Vanguard in an interview after his courtesy visit to the minister of Science and Technology, Ogbonnaya Onu in Abuja.
He said the move was part the company’s plan to commence full vehicle assembling in Nigeria. He added that the group has acquired the Delta Steel Company, Ovwian-Aladja, Delta State, which is now undergoing total rehabilitation to enable it supply the company the steel raw materials needed for its production process.
The Stallion Group manager said so far, the cars assembled in the country have about 17 to 25 percent local content as all the leather seats are sourced locally. Abah who showed some of the assembled cars to the minister, noted that the company is in partnership with several international car manufacturers in Germany, Japan and South Korea to produce their brands in Nigeria.
Responding, the Minister urged the company to ensure full manufacturing of vehicle parts in Nigeria in line with the Change agenda of the present administration. He stated that the call was part of efforts to enhance local content by Federal Government, urging the Stallion Group to shift attention from assembling to manufacturing of vehicle parts in the country .
The Minister insisted that such move would boost governments revenue, create employment and improve the profitability of the company. According to him, government is willing to fully patronise companies engaged in manufacturing operations within the country.
His words: “We will urge you to move from assembling to manufacturing. We believe that it will be good for you because when you start manufacturing you will engage more Nigerians. Nigerians will own what you do and that is one way it will be easy for Nigerians to patronise their products, it will help us in creating jobs.