Press statement from the presidency below...
President
Muhammadu Buhari Thursday in Abuja reaffirmed his Administration's
commitment to the Federal Government's privatisation and
commercialisation policy.
Speaking at an audience with Peugeot's Executive Vice President for
Africa and the Middle-East, Mr. Jean-Christophe Quemard, President
Buhari stressed, however, that greater consideration will now be given
to the technical and managerial competence of prospective buyers of
government-owned companies.
The
President said that a higher premium will be placed on the technical
competence and financial clout of bidders in future privatisation
exercises to avoid the running aground of privatized companies by
ill-equipped and incapable investors.
President Buhari who spoke after being briefed on plans by Peugeot to
stage a comeback to Nigeria after the collapse of the privatization of
Peugeot Automobiles Nigeria Limited, noted that privatization could only
succeed and yield desired benefits if buyers of government-owned
companies possess essential skills and resources.
Mr. Quemard assured President Buhari that Peugeot was ready to reinvest
in vehicle assembly in Nigeria, provided that the right indigenous
partners are found.
The Peugeot Chief Executive for Africa and the Middle-East briefed the
President on the company's three-phased plan to resume vehicle assembly
in Nigeria with 4,000 cars next year, rising up to 10,000 cars by 2021.
He said that the plan, which he urged the Federal Government to support
with appropriate policies and actions, will entail higher local content
in the assembly of Peugeot cars in Nigeria and the exportation of
locally assembled Peugeot cars from Nigeria to neighbouring African
countries.
Peugeot Automobiles Nigeria Limited which was privatized some years ago
has technically reverted to government ownership with up to 85 per cent
of its shares now held by the Federal Government and the Assets
Management Corporation of Nigeria (AMCON).
Garba Shehu
SSA to the President
(Media & Publicity)
November 19, 2015
And they could not invite me to test drive it
ReplyDeleteFool. R u from the north? U see any Yoruba man there? Vp no even dey there . U wan drive car . Linda please Doll face this guy dry make me vex
DeleteLol, Davido driver u re too funny don't worry I'll talk to Garba Shehun so that as soon as they start assembly in Nigeria he should inform me then I'll call u to test drive the cars. And this is a welcome development.
DeleteWell done Able President. Linda take note!
DeleteWell done Able President. Linda take note!
DeleteU re a tribalistic bastard!
DeleteOk
ReplyDeleteWow!
ReplyDeleteDis is really cool and lovely...
Comment frm ROYAL PRIESTHOOD (royalpriesthood007@gmail.com)
@Royal
Deletewhat's really cool?? agbada or ?? There's no good pic of the car.
Will u just stop commenting 4 the sake of commenting.
Made in Nigeria
ReplyDeletebaba buhari abeg leave peugeot alone, they don make money, come and do something about this WATER, FUEL AND LIGHT situation
ReplyDeletea.k.a EDWIN CHINEDU AZUBUKO said...
ReplyDelete.
And we dont have light or fuel... Hw he wan fuel him car nw.....
.
.
***CURRENTLY IN JUPITER***
Ok....u dont need employment for the youths????
DeleteNo be who get work go buy fuel,pay light bill?
Nigerians will be employed!
Our natural resources will be utilized - that's revenue!
Ode!!! Olodo!!
dy have tried
ReplyDeleteif you love amazing short fictions, then you need to click my name to read them on my blog
Nice one.
ReplyDeleteThat's good. It will favour them much if it is affordable cos Peugeot is meant for Nigerian Roads.
ReplyDeleteThat's good. It will favour them much if it is affordable cos Peugeot is meant for Nigerian Roads.
ReplyDeleteWhy is it difficult to give credit to the initiators of projects and programmes? No doubt this is a fall out of the automotive policy of the past govt. It reminds me of the TSA issue which the current govt passed off until there was an issue which forced them to own up that they didn't initiate the programme.
ReplyDeleteGod bless you my president.
ReplyDelete~BONARIO~says so via NOKIA LUMIA
Ass licker, get a life
DeleteIssokkayy
ReplyDeleteIs this not a fall out of GEJ'S Automotive policy? Please let's set history straight to avoid a repeat of the TSA debacle.
ReplyDeleteWe dont like peugeot. It reminds me of volvo. Too much engine wahala, i know cos i used it. It is not strong at allllll.
ReplyDeleteWHY PEUGEOT?
U obviously don't know what u are saying.
DeleteHahahahahaha I swear, u forming ur knowledgeable about things makes it so ovious that ur clueless. Get ur facts straight peugeot cars are dope
DeleteAnother faild mission. Please toyota or honda is better ohhhhh.
ReplyDelete
ReplyDeleteThey’ve turned Sambisa House to Alaba Market. The President is now a car dealer: Sambisa Motor Company. He should also have invited snake charmers and pure water sellers to the presidential bazaar. By now, Buhari should be the richest olodo on the planet. All he does is deals, deal, deal, deal,.. smh. Since Muhammadu Buhari took over power, the price of agbalumo has risen sharply. General Muhammadu Buhari and Chief Bola Tinubu are probably getting 60% commission on all sales of agbalumo in Nigeria and Burkina Faso. Greedy. Smh.
lol
Lol. Smh
DeleteOkay
ReplyDeleteMtchewwwwww taking glory all ova the place for work Jona did, don't u have ideas in that ur empty skull
ReplyDeleteMtchewwwwww taking glory all ova the place for work Jona did, don't u have ideas in that ur empty skull
ReplyDeleteRemember those days during the military eras when Peugeot 504 was the Governments official car. Used to love them Black and well tinted. Btw, i thought we ahve IVM that is being produced right here in Nigeria by a Nigerian. Why can't the Government become the highest patrons of their products yet they are planning to ban importation on things the masses benefit from?
ReplyDeleteNigerians are dying from Boko Haram bomb blasts and the president is inspecting cars< would he have done same if 1 of his children was killed in the blast? Choi! there is God o> if it was GEJ dem go run mouth #confusedcattlerearers#changefire
ReplyDeleteSAI BABA
ReplyDelete