• Contact Us
  • About Us
Thursday, July 16, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Weeds, Rodents Take Over Premises Of Steyr Assembly Plant In Bauchi 

metro by metro
April 19, 2021
in Economy
0
0
SHARES
0
VIEWS

Read Also

Nigeria Ranks 55th Globally, Leads Africa In IMD Economic Performance, Slips In Overall Global Competitiveness

World Bank Approves $27m Performance-Based Grants For 20 Nigerian States

Ekpo Blames Economic Managers For Nigeria’s Inability To Achieve Sustained Economic Growth

The once bubbling styr Assembly plant in Bauchi when the Nigerian economy was doing well has become a shadow of itself as weeds, rodents have taken over premises of the plant, one of the four Automobile Assembly Plants established in the country about 40 years ago.
A Correspondent of the News Agency of Nigeria (NAN) who visited the premises of the company, also observes that the road leading to the factory is now being used for drying of farm produce.

Ibrahim Buba, a staff of the Marketing Department of the company, told NAN that the factory, which used to assemble trucks, tractors and buses at its inception, had become moribund long ago.

Buba said the problems of the company started after its privatization by the Federal Government, which led to transfer of ownership to private individuals.

According to him, staff union and management of the factory are in court over assets and liability, including staff entitlement, among other things.

Another employee of the company who spoke on condition of anonymity, also told NAN that the company stopped production since year 2007.

The source told NAN that he had been a staff since 1980, revealing with nostalgia that during the rosy years, Steyr Motors assembled 5,000 tractors, 2,000 trucks and 2,000 buses per annum, for the Nigerian market.

The source said the government withdrew its shares in the company during the military era, and later sold it to individuals who failed to sustain production.

He explained that as at the year 2007, the company had over 2,000 employees, adding that they had spent over six years now without salary.

“Nobody sacked us and no one saved us. We have spent over six years without salary; in fact, three years ago, we had to resort to litigation; we have taken them to court,” he said.

Some staff of the company, who also did not want to be mentioned, said the company could still be revived if the government took over the plant and invited capable expatriates to manage it.

Efforts by NAN to secure comments of prominent private stakeholders of the company proved abortive as those in Bauchi declined comment.

Several visits by NAN to the office of Bauchi state Commissioner for Commerce and Industries, Mrs Maryam Begel, did not yield results as she was said to be on official assignment somewhere.

An official of the ministry told NAN that the commissioner is the only person authorised to speak on policy and government-related matters, unless she authorised someone else to speak on her behalf.

Previous Post

NOVA Merchant Bank’s Growth Trajectory Soars, Declares N3.52Bn Profit 

Next Post

New Report Highlights COVID-19 Impact On African Trade Finance

Related Posts

Elumelu Meets Tinubu In Aso Villa, Says President’s Policies For Nigerians’ Interests
Economy

Nigeria Ranks 55th Globally, Leads Africa In IMD Economic Performance, Slips In Overall Global Competitiveness

July 1, 2026
Economy

World Bank Approves $27m Performance-Based Grants For 20 Nigerian States

July 1, 2026
Households Earning Less Than N250,000 Or Less Monthly Won’t Pay Tax-Oyedele
Economy

Ekpo Blames Economic Managers For Nigeria’s Inability To Achieve Sustained Economic Growth

July 1, 2026
IMF
Economy

Concerns As IMF Official Says Nigeria’s Unreported Spending Equals 2% Of GDP

July 1, 2026
Next Post

New Report Highlights COVID-19 Impact On African Trade Finance

365 Digital Appointed Authorised Google Ads Sales Representative Across Four African Markets

July 15, 2026

Scientists need more than laboratory skills to tackle Africa’s biggest health challenges

July 14, 2026

South Africa Must Not Confuse Ethical Lobbying with Undue Influence

July 14, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version