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The CFAO Yamaha Motor Nigeria Limited Assembly Plant and Showroom have been commissioned in Lagos, Nigeria.
Commissioning the assembly plant and showroom in Lagos last Friday, the Governor of Lagos State, Mr. Akinwunmi Ambode, said that the commissioning of the assembly plant in Lagos is good for the people of Lagos State and Nigeria in general.
He said the commissioning of CFAO Yamaha Nigeria Limited assembly plant in Lagos brings the number of similar plants commissioned in Lagos to 10 since the new Federal Government’s Automobile policy came to effect in 2015.
He emphasised the leadership status of the State as the most attractive location financially and socially for investment in Africa, just as he reiterated the commitment of his administration towards putting in place policies to attract investment and facilitate conducive atmosphere for businesses to thrive
He said that Lagos with the population of over 21 million people which comprises of the middle-class with strong purchasing powers remains the best place for business in Nigeria and called on other international business conglomerates which have not yet established their businesses in Lagos to consider doing so.
The Chairman, CFAO France and the President, Yamaha Motors Company Limited, Messrs. Richard Bielle and Hiroyuki Yanagi, respectively, while speaking separately at the event said that the joint venture was strategic as it will boost their capacity to deepen their operations in Africa.
The duo who expressed their belief in Lagos as the business hub of Africa also pledged their commitment in using their business expertise to better the lot of Nigerians even as they thanked the government of Lagos State for the support.
They said the joint venture between CFAO and Yamaha will strengthen the transport sector as well as boost employment opportunity in the country.
The duo described Lagos and Nigeria as their main focus because of the country’s rapid economic growth and existing business opportunities.
Mr. Yanagi declared that Yamaha, which closed in Nigeria 10 years ago, is back in Lagos with new and quality products that will meet the desire of the people.
Earlier, Chairman of CFAO Yamaha Motor Nigeria Limited, Mr. Gbenga Oyebode, said apart from the commissioning of the CFAO Yamaha assembly plant, CFAO Group as a whole has a lot to offer the state and the country in general.
He said that the group is working seriously with relevant authorities and in partnership with other international brands for the establishment of retail business in Lagos and other parts of the country.
Oyebode thanked Governor Ambode for making out time not only to personally attend the event, but also arriving on time, saying the development was an eloquent testimony of the Governor’s commitment to encourage investment in the State.
Also, the Managing Director of the company, Mr. Olivier Levigne, said the vision of the firm is to be a grand company and a great organisation with open enterprise and a leader in its chosen field.
Levign, while answering question from the press shortly after the grand opening, said the company’s production target is 70,000 motocycles by 2018.
