Dangote has made a NGN 63 Bn bet on locally produced trucks in Southeast Nigeria
by WeeTracker 2020-02-27
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source: weetracker

The latest revelation for Dangote’s mega business dealings is that the entrepreneur has invested NGN 63 Bn (USD 173,314,990) in Sachman trucks locally assembled by the production plant of Anambra Motor Manufacturing Company (ANAMMCO).

The plant which is located in Enugu State in Southeast Nigeria, began dealings with Dangote back in 2016.

Then, the initial order was for 350 trucks, a number that has now grown to no less than 3,500 being supplied to Dangote’s businesses.

Each of the Sachman automobiles cost more than NGN 18 Mn, order for which was delivered over a 5-year period.