Electric cars

Zeetin Engineering to produce electric cars in Nigeria

Zeetin Engineering, an engineering company, is setting up a multibillion naira factory in the Idu industrial zone of the Federal Capital Territory (FCT) to produce electric cars.

Speaking to reporters on Thursday, Robert Azibaola, the promoter of the company, said he had invested around 3.5 billion naira in creating the place.

Azibaola said that to date he had not borrowed money from the bank, adding that he was keen to receive bank facilities that would help him speed up the completion of the plant.

He said the Bank of Industry (BoI) and Nigeria Export-Import (NEXIM) Bank have expressed their willingness to provide Zeetin Engineering with a loan facility of N2.5 billion each.

“As a visionary, this is my vision and it is to make Nigeria great,” he said.

“Unless we take our action, the black race in the world will not have a proper footing despite their inventions in Western countries. It is my personal contribution to make Nigeria a great country.

“Zeetin focuses on all types of high-end engineering metal work. It has acquired and installed the most sophisticated production machines (CNC, Plasmas, 5-axis milling, Lathes, etc.) from the metallurgical industry in Nigeria.

“With its capacity, Zeetin will function as an OEM (Original Equipment Manufacturer) for Nigeria and produce large-scale industrial products for the automotive, aerospace, aviation, railroads sectors. iron, marine, agriculture, etc.

“The lack of OEMs in the country has been a big obstacle to the growth and development of manufacturing and assembly businesses. Nigerian manufacturers generally resort to importing all of their spare parts when currencies and delivery times are scarce.

“When fully operational, most Nigerian companies in need of specialized spare parts will obtain direct from Zeetin and will not wait for importation from overseas. Thus, Zeetin Engineering will fill a vital gap.

“Zeetin has a range of machines for manufacturing other machines, spare parts and equipment.

“This is why Zeetin is leading the way to proudly become the OEM (Original Equipment Manufacturer) of Nigeria at large scale industrial levels for Nigeria. “

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