Meet The 1st Nigerian To Own A Car Manufacturing Company who goes by the name of Dr. Innocent Ifediaso Chukwuma.
He is a business leader, savvy entrepreneur, and investor from Nigeria.He is the founder and CEO of Nigeria’s first indigenous automobile manufacturer, Innoson Vehicles Manufacturing.
Innocent aspired to be a civil engineer. Working toward this goal, he applied to the university to study engineering, but was unable to gain admission due to his failure to make the cut-off figure.
Innocent Chukwuma, who had no formal college education, had gone above and beyond to place Nigeria on the automotive map, achieving substantial success through his entrepreneurial drive and becoming an employer of labor with various chains of firms.
When he first started selling motorcycles, he discovered that the majority of people were bringing used motorcycles into Nigeria and paying exorbitant sums for them.
As a result, he devised a method of bringing brand new motorcycles into the country at a far lower price than used motorcycles.
Innocent stated that he believes Nigerians need their own indigenous vehicle manufacturing plant because the cost of imported cars is always exorbitant, which most Africans cannot afford.
He later formed Innoson Vehicle Manufacturing (IVM), a vehicle manufacturing company that produces trucks, SUVs, buses, sedans, and even fighter jet replacement parts for the Nigerian army.
The company makes tyres and tubes for bikes. On a daily basis, they make roughly 8,000 motorbike tyres and 13,000 tubes.
The company’s plant is located in Enugu State in Nigeria’s South-East area, and it currently employs around 7,400 Nigerians.