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Nairaland Forum / Nairaland / General / Business / Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant (45626 Views)
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Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by eagleeye2: 2:38pm On Aug 27, 2019 |
Cherrybae:Drink cold water and breath easy. 8 Likes |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by ReeLoaDead(m): 2:38pm On Aug 27, 2019 |
Why is the picture of a US based assembly plant (Ford)? |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by friendlyadvice: 2:38pm On Aug 27, 2019 |
miteolu:no mind am alaroro oshi |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Nobody: 2:39pm On Aug 27, 2019 |
This is sad. But the man has not actually said anything. What actually went wrong? |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by ibkgab001: 2:39pm On Aug 27, 2019 |
Sorry man but the same government policy GavE you what you are today Later on, he co-founded a spare parts company known as CosDave with his friend, Dave. The startup also failed sooner than expected and Maduka went to establish the Coscharis Motor with the sum of three hundred naira N300 which focused sales of automobile spare parts in 1977. The name of the company according to him is a combination of his first name, Cosmos and his wife, Charity, which he married at age 21. Maduka business breakthrough started in 1982, when the Nigeria government granted ten (10) motor companies import license, which Coscharis was selected. Today, the Cocharis Group is a conglomerate with a net-worth of $500million with several subsidiaries including Manufacturing, ICT, Petrochemical, Auto care and Auto Components, Automobile Sales and Services, Agric and Agro Allied business sectors. Cocharis Motors is a leading distributors of several brands of luxuries cars including Range Rover, Ford and Jaguar. Reaso. Why you have to fear all this Igbo; they will never apperitiate always complaining and feeling as if someone is cheating them 1 Like |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by nextstep(m): 2:41pm On Aug 27, 2019 |
straighttalk: Ask the "bold and courageous" US companies in 2008 if they relied on government assistance. Truth is every business needs government to create and sustain an enabling environment and policies, even to the point of rendering financial assistance when needed. N1.7Billion... no be beans oh!! I really can't ask more of a businessman who has invested that kind of money in the Nigerian environment. But wait, where do these business people find this kind money in Nigeria? Ha! This country is a goldmine if one knows where to look and how to tap it... 1 Like |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by drey076(m): 2:41pm On Aug 27, 2019 |
nedu2000:Do you know the implication of the bill to masses? if Buhari had implemented the policy, you people will still rush to social media to rain insults on him 2 Likes |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Nobody: 2:41pm On Aug 27, 2019 |
you could have taken your company to SA. you allow hausa-fulani man with IQ as low as a grain of sand to ruin your fortune. people here are so poor they cant afford brand new tires for their salvaged cars and you want to sell them ur brand new. Poor calculation on your part. It's like opening a buffet in the midst of poor, dirty, uneducated, stupid millions if people. 2 Likes |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by XaintJoel20: 2:42pm On Aug 27, 2019 |
bimgo: Tell me about pig farming. I want to know more. |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by felzylix(m): 2:42pm On Aug 27, 2019 |
Gbengais:The figure is probably $5m which is relatively small considering the size of the project... Could 17 billion naira |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by FarahAideed: 2:42pm On Aug 27, 2019 |
Very useless man that Buhari ....meanwhile 50 million dollars is 17 billion dollars |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Reference(m): 2:43pm On Aug 27, 2019 |
They prefer trader moni. 10,000 naira to buy and sell cheap chinese knock-offs. The hordes of economics professors in Nigeria cannot tell them the only way to prosperity is to make stuff and make them in industrial numbers. Government simply bereft of ideas. 5 Likes 1 Share |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Nobody: 2:44pm On Aug 27, 2019 |
Cherrybae:see how hatred has consumed you. just take a chill pill. if i were u i will just jump infront of a train and end it. dont even think of bringing forth children to this planet. there's a threshold to the number of lunatics the earth can contain. Pls save the planet 4 Likes |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by ibkgab001: 2:45pm On Aug 27, 2019 |
presleYzzi: Many Igbo get am for hand , but the spirit of unforgiving is troubling all of them , they haven recovered from the loss they recorded at the civil war which they started |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Cymix: 2:45pm On Aug 27, 2019 |
when you left igbo land and went to Lagos to open it what do you expect see how innoson is prospering in igbo land 1 Like |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by REDshouse(m): 2:49pm On Aug 27, 2019 |
Must u sell 10k unit in Nigeria....cant u manufacture here and take it abroad for sales ... |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Tedpgrass: 2:50pm On Aug 27, 2019 |
The government neva learn from the 9 billion saga.. Them dey think say this one na our person, we fit do am anyhow... Hope his MOU dey strong.. When court rulings sprout from different corners, people will sit up. I understand that this is a different scenario. Magu should look this one up too.. Under what jurisdiction, I don't know. This afternoon dey hot--- explains any misyarns. . On another note, why not look at the west African corridor given his strategic position. . |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Cmanforall: 2:52pm On Aug 27, 2019 |
autojosh:I believe Coscharis has team of experts in economics and finance. Investing such huge amount of money in an industry doesn't start yielding profits instantly. In fact, it can even take decades for profit to start ripping in. Please Sir, don't lament yet in regrets. It's been only 2years. Hopefully, you'll reap the benefits soon. 2 Likes |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Cmanforall: 3:00pm On Aug 27, 2019 |
Opexzy:... And electricity |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Cocolatti(m): 3:01pm On Aug 27, 2019 |
dokyOloye:Yea and the Jihadist Buhari Government is Desperate to use billions to implement Ruga policy |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by faithfull18(f): 3:01pm On Aug 27, 2019 |
eagleeye2:He doesn't. |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by jaxxy(m): 3:03pm On Aug 27, 2019 |
If the price of cars produced at the so called plant is significantly low I think Sales shud be very good or at least ur projected target base would patronize. Re strategize I guess cos this government is really slow in many sectors. |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by rozayx5(m): 3:03pm On Aug 27, 2019 |
nedu2000: His maths was really wrong Since buhari came in seeing a new car is rare |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Reference(m): 3:05pm On Aug 27, 2019 |
DrObiHogan: Oga that is not how it works. Industrialization is the only, I repeat only way for a nation to prosper. There is just no other way. What happens is that government leverages on industrial capacity to trigger a revolution. If you want cheaper cars the only way is to start making them and then drive down the cost via scale, technology and independence. As you incentify allied industries to supply parts and components you create other industries and the quantum of jobs trigger prosperity. It is hard at the beginning but that is where government steps in with incentives to protect industry until they are strong enough to sustain themselves. What government should have as an overiding policy is to drive down the cost of goods and servicces and raise the purchasing power of its citizens. To try and bridge the prosperity gap. How else do you do this if you do not have a deliberate industrial policy. Dangote's refinery will soon be completed and after that the petrochemical plant. Doesn't it make sense if this man's assembly plant and that of Innoson and others be immediate and automatic consumers and customers of his petrochemical products. Will this not drive down the cost components of the imported alternatives. Why is government so unaware or blind to the fact that massive opprtunities exist to tie in for instance Dangote to the overall industrialization of Nigeria. All it takes is to incentify another industrialists to invest in vehicle component manufacturing. To take Dangote's petrochemical products for instance and turn them into dash boards and other car parts and components at a fraction of the cost of imported alternatives and creating thousands of jobs in the process. Poverty like prosperity is systemic. When all parts are in place it takes only a spark of genius to turn the country around. Industrialization is like a net or spiders web. A nation's capacity to sustain productivity is only as strong as its weakest industrial link. It is a crime for government to sit by and watch its industrial interests go moribund. 5 Likes 3 Shares |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Darmolla02: 3:06pm On Aug 27, 2019 |
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Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by tiwiex(m): 3:09pm On Aug 27, 2019 |
nedu2000:Gbam. I think he was being wicked to think government would increase duty on imported Tokunbohs for his benefit. Nigerian businesses have an overbloated impression based on our population. Statistically, very few earn anything meaningful. Na Dangote and Otedola dey hold most of our money and they have cars already. |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by tutudesz: 3:11pm On Aug 27, 2019 |
Cosmas Maduka is very funny. You are the major importer of BMW and Range Rover in Nigeria and you want government to implement the Bill because you set up assembly plant for Ford? 1 Like |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Toscarel: 3:11pm On Aug 27, 2019 |
Cherrybae: so much hate,what is wrong with people these days, is that tribe the cause of your frustration? |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by uuzba(m): 3:11pm On Aug 27, 2019 |
straighttalk:This is where Nigerians need to work together. Instead of Ford and foreign brands, make Nigerian brands. We too much like oyibo things. Ford forced him to sell their brand. Now he's at a loss and Ford doesn't care. We are long overdue to block importation of cars. 1 Like |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Mutemenot(m): 3:12pm On Aug 27, 2019 |
sacramento1212: Oga, the cars aren't meant for the poor. Even in developed nations people also buy used cars and that didn't stop them from producing or assembling cars . Our banks, government and other companies buys new cars. Even a good number of Nigerians buy new cars.. All that is needed is to encourage them with good policy, such policy should one that can discourage people from importing news, a policy that could push our car users to depend on the locally produced or assembled cars... I once bn to a coy try where the cost of clearing a foreign car can easily get you a locally made car . Let us promote our own and see how we can progress .. remember Peugeot used to be a popular car in Nigeria then, their plants coukd be located in all parts of the country but where are they now? Bad government/policy has chased the plants to early grave 1 Like |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by Reference(m): 3:13pm On Aug 27, 2019 |
tiwiex: So, because Nigerians cannot afford anything we should not make anything. How can one think so poorly... My goodness. Just sit back and think through what you write. In the world I come from it is when YOU CANNOT AFFORD THINGS YOU MAKE THEM FOR YOURSELF. This mentality is killing this country. Everything here is expedient, short term and lazy and where it appears in leadership this is the result. Wide spread poverty and crime. |
Re: Cosmas Maduka Coscharis Regrets Investing N1.7billion On Vehicle Assembly Plant by tiwiex(m): 3:13pm On Aug 27, 2019 |
MelesZenawi: Hmmmm. Makes sense. It tells us our people are not region patriotic. Na only money dem Wan make. Igbos for fight for am but no way now. |
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