Innoson Vehicles Manufacturing (IVM) Limited has disclosed of plans to establish a Compressed Natural Gas (CNG) assembly plant in Bayelsa State.
The Managing Director and Chief Executive Officer, Innocent Chukwuma, dropped the hint yesterday when he visited Governor Douye Diri in Government House, Yenagoa. He said the investment would boost the state’s transportation sector, provide training and create jobs.
Chukwuma stated that the initiative would also promote a cleaner and greener environment and enhance the country’s capacity to meet its renewable energy target by 2030.
In his presentation, the company’s Corporate Communications Manager, Kamsi Ejiofor, explained that the objective was to introduce modern CNG buses, ambulances and vehicles that would enhance mobility and public efficiency in the state.
According to him, the plant would generate 1000 jobs and thousands of direct opportunities in assembly, maintenance, logistics and local manufacturing, as well as boost Bayelsa’s economy by enhancing its industrial base.
Responding, Governor Diri commended the CEO for the decision to site the CNG conversion plant in the state, noting that the investment would grow Bayelsa’s industrial base.
