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Innoson Vehicle Manufacturing Company (IVM), has concluded plans with the government of Mali for initial export of 400 locally manufactured vehicles to the country. The vehicle manufacturing giant has also signed a Memorandum of Understanding (MoU) with a Mali based auto company, Taxi Plus VIP, so as to stock and expand its fleet of vehicles with the Innoson brand to boost the transport sector in Mali. This was disclosed by the The Charge‘d Affair of Nigera in Mali, Yara Abdulsalam, in Abuja when the envoy led a delegation of businessmen from Mali to a courtesy call on Nigeria’s Foreign Affairs Minister, Geoffrey Onyeama over the weekend and published by the Nigerian Investment Promotions Council (NIPC) News Bulletin.

The envoy said that the Nigerian indigenous motor manufacturing company, Innoson has signed an MoU with a Malian firm to export 400 locally made vehicles to Mali. Abdulsalam added that the development was the outcome of “Made-in-Nigeria products exhibition” held in Bamako in 2016. Abdulsalam said, “from the exhibition, Taxi Plus VIP approached the embassy that they wanted to import vehicles from China but we told them that we have an indigenous company in Nigeria that manufactures vehicles. “They started talking with Innoson through Nigerian Export Promotion Commission (NEPC) and the deal was later finalized.

Mali is the centre of Francophone countries and has boundary with eight countries. If the MoU materialises, it will positively affect all other countries and will increase Foreign Direct Investment in Nigeria.” Welcoming his guests the Foreign Affairs Minister, Onyeama expressed delight at the development and said it was “the beginning of industrial revolution in Nigeria.