• About Us
  • Contact Us
  • Privacy & Policy
Monday, June 9, 2025
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

Dangote Bets on Nigerian Vehicle Production: Reaffirms Commitment to Localizing Sinotruk Vehicles

Vincent Amadi by Vincent Amadi
June 11, 2024
in Economy, News
Reading Time: 2 mins read
A A
0
Dangote Bets on Nigerian Vehicle Production: Reaffirms Commitment to Localizing Sinotruk Vehicles
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram

Chairman of Dangote Group, Alhaji Aliko Dangote, has reaffirmed the commitment of one of his companies, Dangote Sinotruk West Africa Ltd (DSWAL), to further enhance the level of localization in its vehicles.

He said this will be possible when Ajaokuta Steel Company becomes operational.Alhaji Dangote spoke on Sunday at the commissioning ceremony of DSWAL’s Complete Knocked Down (CKD) plant at Oba Akran Avenue in Ikeja, Lagos.The commissioning was carried out by the President of the Senate, Godswill Akpabio, Governor Babajide Sanwo-Olu of Lagos, Vice President of the Senate, Jibril Barau, and senators, among others.Dangote said, “The investment in the truck assembly plant is part of our backward integration to add value and reduce imports. I am glad, yesterday, Your Excellency when you talked about Ajaokuta Steel in your speech, and I believe the completion of the Ajaokuta Steel project will give a fillip to our attempt to increase local content in the assembly in our lines.

“We have welding and painting shops to fabricate and paint trucks and trailers of different types so as to enhance local content of CKD operations of commercial vehicles manufacturing in Nigeria.”In the next 12 months, we will begin to fabricate different types of trailers and tippers in our plant to increase value addition of up to 40 to 60 percent with the goal to achieve domestic self-sufficiency and serve the West Africa regional market.

“He went on, stating, “As you are aware, Dangote also owns majority shares of Peugeot Automobile of Nigeria in Kaduna where we assemble small vehicles. We (DSWAL) are a joint venture company with a total investment of 100 million dollars formed for the truck assembly which is owned 60 percent by Dangote Industries, 30 percent by Sinotruck China, and five percent by Andas.

“I am sure we are going to participate in the new production of Compressed Natural Gas (CNG) which this government is driving.”But, we in Dangote, are actually committed to buying 10,000 of the CNG trucks of which 1,500 are arriving this June/July. Already, about 500 are at the port. So this company has the installed capacity to assemble and produce 10,000 trucks annually and create about 3,000 jobs across Nigeria.”The Senate President commended Dangote Group’s investments in Lagos, other areas in the country and outside Nigeria.

Tags: businessnigeria
Vincent Amadi

Vincent Amadi

Related Posts

Famous “Gwo Gwo Gwo ngwo” singer, Mike Ejeagha, dies at 95
Entertainment

Famous “Gwo Gwo Gwo ngwo” singer, Mike Ejeagha, dies at 95

2 days ago
Pastor Paul Adefarasin points gun at content creator from Range Rover
National

Pastor Paul Adefarasin points gun at content creator from Range Rover

2 days ago
Dangote refinery is Tinubu’s brainchild – Aliko
Economy

Dangote refinery is Tinubu’s brainchild – Aliko

3 days ago
FG will revive cocoa industry – Shettima
Economy

FG will revive cocoa industry – Shettima

6 days ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

NATIONS NEWS

Pastor Adefarasin denies trending firearm video, says he was hurt by false claims
National

Pastor Adefarasin denies trending firearm video, says he was hurt by false claims

12 hours ago
June 12: Pressure Mounts on Tinubu to Reinstate Suspended Fubara 
National

June 12: Pressure Mounts on Tinubu to Reinstate Suspended Fubara 

12 hours ago
Implement Uwais Report on Electoral Reform – Ag. Labour Party Chair tells FG
National

Implement Uwais Report on Electoral Reform – Ag. Labour Party Chair tells FG

12 hours ago
Matawalle to Gov Lawal: Join APC now, stop playing hide-and-seek game
National

Matawalle to Gov Lawal: Join APC now, stop playing hide-and-seek game

13 hours ago
Donald Trump and Elon Musk fight dirty in heated online war
International

Trump warns Elon Musk of ‘serious consequences’ if he funds Democrats

13 hours ago
Traditional Superiority: Alaafin Denies Rift With Ooni Of Ife, During Visit To Oluwo
National

Traditional Superiority: Alaafin Denies Rift With Ooni Of Ife, During Visit To Oluwo

2 days ago

POLITICS

SDP Senator Leaves Party, Says He Can’t Stay In Same Party With El-Rufai

SDP Senator Leaves Party, Says He Can’t Stay In Same Party With El-Rufai

12 hours ago
Matawalle to Gov Lawal: Join APC now, stop playing hide-and-seek game

Matawalle to Gov Lawal: Join APC now, stop playing hide-and-seek game

13 hours ago
Akwa Ibom: Assembly Members, Others Rejects Eno’s Defection Order

Akwa Ibom: Assembly Members, Others Rejects Eno’s Defection Order

2 days ago
Breaking News: Akwa Ibom’s Umo Eno joins APC, dumps PDP.

Breaking News: Akwa Ibom’s Umo Eno joins APC, dumps PDP.

3 days ago
Don’t aspire to be President if you cannot resolve crisis in your “small party” – Akpabio challenges Peter Obi

`Please return home to our party,ʼ PDP begs Peter Obi

3 days ago
Group Fires Back At Wike Over Betrayal Allegations Against Makinde, Mbah.

Wike debunks existence of “Cabal” in Tinubu’s government

4 days ago

YOUR ECONOMY

Dangote refinery is Tinubu’s brainchild – Aliko
Economy

Dangote refinery is Tinubu’s brainchild – Aliko

3 days ago
FG will revive cocoa industry – Shettima
Economy

FG will revive cocoa industry – Shettima

6 days ago
Nigerian companys take priority over foreign businesses with “Nigeria First Policy” 
Economy

Tinubu seeks $25 billion Nigeria-Morocco gas pipeline investment

6 days ago
Development bank disbursed N1 trillion to MSMEs – MD
Economy

Development bank disbursed N1 trillion to MSMEs – MD

1 week ago
Becoming AfDB president greatest honour of my life – Adesina
Economy

Becoming AfDB president greatest honour of my life – Adesina

2 weeks ago
Dangote Refinery Drops Pump Prices Again with a Price Range between 875 and ₦905 Nationwide
Economy

Dangote Refinery Drops Pump Prices Again with a Price Range between 875 and ₦905 Nationwide

3 weeks ago

E & P

France beat Germany to third place at Nations League
Sports

France beat Germany to third place at Nations League

by Steven Atogi
13 hours ago
0

France had a terrible time against Spain last week in the nations league, losing 5-4 at the Semi-final. Spain's victory...

Breaking: Victor Osimhen to earn ₦4.7billion monthly at Al Hilal

Breaking: Victor Osimhen to earn ₦4.7billion monthly at Al Hilal

13 hours ago
Ballon d’Or: Ronaldo tips Dembele, Says Champions League Winner Should Be Crowned.

Ballon d’Or: Ronaldo tips Dembele, Says Champions League Winner Should Be Crowned.

2 days ago
Famous “Gwo Gwo Gwo ngwo” singer, Mike Ejeagha, dies at 95

Famous “Gwo Gwo Gwo ngwo” singer, Mike Ejeagha, dies at 95

2 days ago
Breaking: Al Hilal submits €70m proposal to Napoli for Osimhen

Breaking: Al Hilal submits €70m proposal to Napoli for Osimhen

2 days ago
God Has Chosen Davido to be  President of Nigeria – South Africa Based Nigerian Pastor John Anosike Prophesies

God Has Chosen Davido to be  President of Nigeria – South Africa Based Nigerian Pastor John Anosike Prophesies

3 days ago

YOUR THOUGHT & HISTORY

ON THE PUBLIC NUISANCE CALLED SOWORE
Opinion

ON THE PUBLIC NUISANCE CALLED SOWORE

by Kiikpoye Karibo
3 months ago
Data Visualizations
Columns

Five Key Considerations for Creating Effective Data Visualizations

by Blessing Chinyere Daniel
5 months ago
The Transformative Power of AI in Revolutionizing Industries and Empowering Growth
Columns

The Transformative Power of AI in Revolutionizing Industries and Empowering Growth

by Blessing Chinyere Daniel
6 months ago
Navigating the Turbulent Terrain of Entrepreneurship: The Power of Tenacity, Growth Mind-set, and Grit
Columns

Navigating the Turbulent Terrain of Entrepreneurship: The Power of Tenacity, Growth Mind-set, and Grit

by Uloma Harrison-Ikenwanze
6 months ago
The Power of Data in Today’s World
Columns

The Power of Data in Today’s World

by Blessing Chinyere Daniel
6 months ago

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

Pastor Adefarasin denies trending firearm video, says he was hurt by false claims

Pastor Adefarasin denies trending firearm video, says he was hurt by false claims

June 8, 2025
June 12: Pressure Mounts on Tinubu to Reinstate Suspended Fubara 

June 12: Pressure Mounts on Tinubu to Reinstate Suspended Fubara 

June 8, 2025
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address