….Ford commissions $22m facility

By Patience Saghana
Foreign investors into the country have described Nigeria as the best country in the whole of Africa to do business and also make profit as an investor saying Nigeria is till the safest and largest market for foreign Direct Investment (FDI). Mr Mike Crowley, Director (Sales) for Ford Motors commended the country for breaking new frontiers in partnership with foreign counterparts.

Crowley gave the commendation in Abuja Thursday at the commissioning of the $22million state-of-the-art facility for high quality auto products and services by Coscharis Group. He said that Ford controls over 7% of the Nigerian auto market whilst recalling that Coscharis group started business in the country with the importation of motorcycles in 1977 and ultimately grew to selling Ford vehicles in 2001 when they opened the first dealership in Lagos. He said “Nigeria is the most important market for Ford in Africa.

“It has a very large population, has a very big environment for market, Coscharis Motors is one of our best partners in Africa, this facility is a demonstration of their commitment to our goal. Nigeria is the market place to come to first. In Nigeria, we have made a substantive investment in people, resources to train the dealers on improvement in customer satisfaction. We have helped in technical support.”

Minister for Commerce and Industry, Jubril Martin-Kuye told the gathering that the Federal Government would continue to support any company that is poised to add value to the Nigerian economy.

He said that the commissioning of the new edifice is the testimony that Coscharis is committed to ensuring that more employment is generated for the country as well as revenue.

Martin-Kuye lauded the firm and urged other entrepreneurs and investors to tap into the positive climate provided by Nigeria as well as the high profit yielding nature for businesses in the country and toe similar line.

President of Coscharis group, Cosmas Maduka noted the humble beginning of his firm and stated that it was the desire to add value to the country that remained the pushing force behind its investments.

Maduka said that a better edifice would be commissioned in the near future in Lagos, aimed at adding value to the money spent by clients who patronise the brands sold by the Coscharis Group for their foreign partners who they are in dealership arrangement with.


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