ANAMMCO Commences 3rd-Party Vehicle Construction

In line with the automotive policy introduced by FG, Anambra Motor Manufacturing Company (ANAMMCO) has begun third-party assembly of trucks, bringing its factory in Enugu back to life.

The Chairman of the company, Dr Godwin Okeke, speaking during a policy monitoring visit embarked upon by the National Council on Privatisation, disclosed this development was achieved as a result of the new Nigeria Automobile Industry Development Policy

“In order to sustain the growth and development of this policy, it is expedient that it is entrenched by appropriate legislation to guard against frequent and arbitrary policy reversal which has constituted a high risk factor to investment in the country. Faithfulness in adhering to the implementation time-lines would engender confidence of global stakeholders on the viability,” Okeke said.

The automotive industry has been revamped due to efforts by FG to diversify the economy which brought about the introduction of the Nigeria Automobile Industry Development Policy.