Aftermath the working visit of the Governor of Lagos State, Mr. Babajide Sanwo-Olu to the headquarters of Guangzhou Automobile Group (GAC Motors) in China, representatives of the company will also be visiting the state to study the viability of establishing a vehicle assembly plant.
Opportunities were identified during his inspection of the automobile manufacturing company’s factories for research and development centres as well as its training facilities.
Reiterating his administration’s commitment to business innovation, Mr. Governor showcased his excitement at what he saw in the course of his tour and assured that there is a huge market for auto brands in Lagos State considering the economy ranking as the 7th largest in Africa.
The GAC Group Chairman, Mr. Zeng Qihong in his reaction then promise to look into the process of establishing an operation base in Lagos uponthe Governor’s invitation.
“We are optimistic about coming to Lagos because of the market size,” Zeng said.
It is anticipated that GAC Motors operations in Lagos will contribute to the development of the State’s economy and encourage technology transfer between China and Lagos.