Nigeria: Richbon to Create 5000 Jobs With U.S.$40 Million Auto Assembly Plant

9 February 2015

Executive Chairman of Richbon Group Chief CJ Muonagolu has assured that about five thousand new jobs would be created when the automobile assembly to be located in Anambra state fully comes on stream.

Speaking in an interview after the signing ceremony of a $40million memorandum of understanding with the Anambra state government in Awka, Muonagolu said his group will employ between 1,000 and 1,500 at 40 per cent capacity but that the number will rise to between 3,500 and 5,000 jobs when its production hits a peak in the next few years. This is aside from thousands of indirect jobs that would be available to Nigerians as a result of the project.

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