Sanwo-Olu Visit to China: GAC Motors Considers Establishing Plant in Lagos

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SWITZERLAND, NOVEMBER 21 – Following the visit of Lagos State Governor, Babajide Sanwo-Olu to the headquarters of Guangzhou Automobile Group (GAC Motors) in China, representatives of the company will be visiting Lagos State to study the viability of establishing a vehicle assembly plant.

During his working visit, Sanwo-Olu inspected the automobile manufacturing company’s factories, research & development centres as well as its training facilities and also identified the huge job, according to Lagos State government.

“I am excited at what I have seen in the course of my tour of your facility & I can assure you that there is a huge market for auto brands in Lagos State, with our economy ranking as the 7th largest in Africa,” the governor said about the latest development.

He reiterated that his administration’s commitment to business innovation & 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.

Responding, GAC Group Chairman, Mr. Zeng Qihong said, “With the Governor’s invitation, we will look into the process of establishing an operation base in Lagos. We are optimistic about coming to Lagos because of the market size.”

It is anticipated that GAC Motors operations in Lagos will contribute to the development of the State’s economy and encourage technology transfer between China and Lagos

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