AMCON solicits patronage for PAN Nigeria

The Asset Management Corporation of Nigeria (AMCON) has called for collective patronage of PAN Nigeria’s range of automobiles. This move was in a bid to sustain the successes recorded by the rescued PAN Nigeria Limited.

The Managing Director/Chief Executive Officer of AMCON, Ahmed Kuru, who made the call, implored Nigerians, both individual and corporate organizations to patronise Peugeot brand of cars.

PAN Nigeria Limited is one of the mega institutions that received the interventions of AMCON, which prevented the automobile company from going under. Represented by the agency’s Head of Subsidiaries, Ben Daminabo, at the 2018 Dealers Convention organised by PAN Nigeria, Kuru said the car company achieved a lot of mileage in 2017 against all economic odds and required commendations from all stakeholders.

“This is the best time for PAN Nigeria Limited to restrategise and move ahead like all other automobile manufacturers across the globe. It is our wish that Peugeot will reclaim its pride of place in Nigeria by producing those vehicles that made the brand very popular in those days. We believe the brand has all it takes to dominate the marketplace because the new generations of Peugeot cars are fuel efficient, durable, rugged and built for Nigerian roads. “Besides, Peugeot creates thousands of jobs for our teaming population, which is the reason we all need to support the brand as our own,” he said.

According to him, the fact that PAN is still in business is another demonstration of the positive impact and contribution of AMCON towards stabilising the nation’s economy, as one of its core mandates.

The Managing Director of PAN Nigeria Limited, assemblers of Peugeot brand of vehicles in Nigeria, Ibrahim Boyi, affirmed the company’s huge progress in 2017, despite the economic downturn, as revenue grew by 65 per cent from N3 billion to N5.3 billion.


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