Lagos State Governor,Babajide Sanwo-Olu,has emphasized the need for financial institutions in Nigeria country to support the growth of the automobile industry.
He spoke at the commissioning of the GAC Motor Showroom, Workshop and the GS 4 Sports Utility Vehicle (SUV),where he also said the automobile industry required the support of financial institutions to continue to expand their operations and create jobs for the public.
According to him, without such support, growth in the sector would be limited, while unemployment rate would continue to climb.
The state government would continue to create a convenient environment for private investors through its programmes and policies,he said.
His adminstration would partner with GAC Motor for the establishment of an assembly plant in Ikeja which would be commissioned before the end of the year,he also said.
He said: ”We are also partnering with GAC Motor on assembly plant in the state. This is a partnership between the Lagos State Government and the company.
”This shows we are not just buying finished products, but we are also partnering with the company to boost employment opportunities. The brands of GAC are actually around employment generation. And for us, this is another very first.”
Speaking, Chief Diana Chen, the Chairman, GAC Motor, Nigeria, lauded Sanwo-Olu for encouraging private investors to thrive in the state through its policies and programmes.
She added that the GS4 SUV would create the difference in the SUV segment with fuel efficiency, state-of-the-art equipment and it’s artistic simplicity.