Kaduna State governor, Nasir El-Rufai, revealed that the state is set to acquire majority shares of the comatose Peugeot Automobile of Nigeria. He added that plans for the acquisition have already been concluded.
El-Rufai said the state had already submitted its interest to the Assets Management Company of Nigeria (AMCON) which manages the liabilities of the company.
“our hope is that when we acquire the majority share of the company, we will restructure it to operate to full capacity of assembling between 90,000 and 100,000 cars yearly. We have the support of PAN as well as the government of France in this drive.”
He described PAN as a critical partner in Kaduna state’s industrial history, and lamented that it had now gone down from assembling 90,000 cars per annum to merely 200 a year.
“We are determined to bring back all industries related to Peugeot established in Kaduna as part of plans to ensure that every youth in Kaduna State has something doing,” he said.
The governor also commended the Kaduna Chambers of Commerce, Mines, Industries and Agriculture (KADCCIMA), for bringing captains of commerce and industries to the state for the event.
