Following Lagos State Governor, Babajide Sanwo-Olu’s meeting with its management team at its headquarters in Guangzhou, Chinese Automobile maker, Guangzhou Automobile Group (GAC Motors) said it will be visiting Lagos State to study the viability of establishing a Vehicle Assembly Plant here.
The Group Chairman of GAC, Zeng Qihong, who disclosed that the company was already considering expanding its business in international markets said with the Governor’s invitation, the company will be coming to Lagos.
“With the Governor’s invitation, we are quite confident and encouraged that coming to Lagos would be exciting. We will look into the process of establishing an operation base in Lagos after our international business department must have visited to carry out a feasibility study of the market.
“We are optimistic about coming to Lagos because of the market size and the significance of the economy to Africa,” Qihong said.
The Governor, who is on a working visit to China, had earlier inspected the automobile manufacturing company’s factories, research and development centers as well as its training facilities prior to the meeting.
Moved by the huge jobs’ potential of a similar facility in Lagos, Sanwo-Olu urged the company to consider building an assembly plant in Lagos.
“I am excited at what I have seen in the course of my tour of your facility and I can assure you that there is a huge market for auto brands in Lagos State. We have a population of over 22 million people, and Lagos is the most prosperous city in Africa, with our economy ranking as the 7th largest in Africa.
“On the government side, I think now is the right time for you to come to Lagos because we will support you. There is a free trade zone you can locate your factories and Lagos has a pool of highly talented and innovative people that can provide a steady workforce supply for your operations in our State,” he said.
The Governor stated that his administration’s commitment to business innovation and process review was acknowledged by the World Bank as major drivers of Nigeria’s 15 places upward movement in the Ease of Doing Business Index.