Chinese Company to Invest $30 Million in Nigeria Automobile Industry


Chinese global leading manufacturer in ports equipment, SANY has disclosed its intention to invest between $20millon to $30milion in Nigeria Automobile industry.

This was disclosed by the North and West Africa Manager of the group, Mr Li Lei at the   Nigerian International Maritime Ports and Terminal (NIMPORT) business meeting tagged, Improving Ports Operational efficiency held in Lagos yesterday.

Li said the investment would also lead to providing jobs for about 800‎ Nigerians.

According to him, the company needed to identify local partners in other to set up the million dollar investment in Nigeria.

His words, “We have to invest up to $20million to $30m‎illion in Nigeria. We need to have local partners first. We need support from government, with this we can create job opportunities between 500 to 800 to Nigerian.”

Li also stated that the company as a leading Port equipment manufacturer in China is ready to penetrate into Nigeria Ports machinery market.

“In the last ten years, we have been producing heavy equipment for ports operations in China and in the Port machinery sector in China, we have maintained the number one position and have been controlling 50percent market for the past five years

“We are not doing very well in Nigeria, we want to promote sany brand. Our other equipment are doing well so we didn’t have enough time and focus in this sector.‎”

Meanwhile, the  Managing Director of the Nigerian Ports Authority (NPA), Ms Hadiza Bala Usman said the Nigerian Ports must lead in modernisation of equipment and infrastructure in Africa.

Ms Usman who was represented by the General Manager, Public Affairs, Chief Micheal Ajayi said as the leading Port in Africa, the FG through NPA had continually made efforts to reposition the Nigerian Ports in line with global in shipping and Ports operations.

She said, “Our vision is to be the leading Port in Africa. This also means that we must lead in modernisation of equipment and infrastructure to respond to global trends in shipping business. Thus developments and upgrades of existing port infrastructure as well as improvements in port performance have become imperative.”

She also stated that the Nigerian Ports have improved in operational efficiency and increase in cargo throughput.

“We have delivered on the mandate of deepening of ports channels and berth draught has enabled the reception of larger vessels in Apapa, Tin Can, and Onne Ports.”

Source: <National Journal>



About Gbolagade O. Adebisi 1575 Articles
For over 25 years, (Gbola)’s focus has been on Government and Institutional Business. His involvement has ranged from the Federal, State and Local Governments as well as Donor – funded programmes and projects. [...]

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