Explain why innoson motors is so important for Nigeria (3)
Innoson Motors is an indigenous automobile manufacturing company in Nigeria. Here are three reasons why it is important for Nigeria:
1) Job creation: Innoson Motors has created thousands of jobs in Nigeria. By providing employment opportunities to many Nigerians, the company is helping to reduce the high unemployment rate in the country.
2) Local production: By manufacturing and assembling their vehicles in Nigeria, Innoson Motors is contributing to the country's local production capacity. This means that the company is helping to reduce Nigeria's dependence on imported vehicles and contributing to the growth of the country's economy.
3) Export potential: Innoson Motors has the potential to become a major player in the African automobile market. By exporting its vehicles to other African countries, the company can contribute to the growth of the Nigerian economy and help to position Nigeria as a hub for the production and export of automobiles in Africa.