Vehicle manufacturers jostle to take over ANAMMCO

By The Rainbow
Listen to article

Three automakers are jostling to take over the production lines of the moribund Anambra Motor Manufacturing Company (ANAMMCO), Enugu, an official said.

The Chairman of the company's board, Chief Godwin Okeke, told the News Agency of Nigeria (NAN), in Enugu yesterday that it was awaiting the Bureau of Public Enterprises (BPE) to pick one of the three.

Okeke said an agreement had been reached on how much should be paid to the former owners to hands off the plant, which previously produced Mercedes Benz trucks and buses.

'We are waiting for BPE to say 'pay off' and the deal is done. We are ready with the money; what is delaying it is BPE's approval,' he said. The renowned transporter declined to name the automakers but said they were ready to move if given the approval.

'Once these people are paid off, the new people will move. Two or three companies are ready to move in,' he said.

Okeke had last year appealed to the National Automotive Council to intervene in the acquisition process in the spirit of the new automotive policy.

He said that the former owners of the company were unduly delaying the process.

ANAMMCO is a joint venture between the Federal Government of Nigeria and Daimler Chrysler AG.

Before it became moribund, ANAMMCO manufactured commercial vehicles and led in the commercial vehicle market with five tonnes capacity and above in Nigeria.

The plant, which occupies a sprawling 300,000 square metre site at Emene, near Enugu, was an example of economic and technological cooperation between the government and people of Nigeria and Daimler Chrysler AG.