He explained that the plant will produce about 6,000 vehicles annually for a start including passenger cars, pick-ups, high capacity buses and trucks.Result of the multiplier effect. Mr. Anumudu added that another 10,000 jobs will be created indirectly as a result of the multiplier effect of the plant and that the company would start with the production of Semi Knockdown parts SKD, and later graduate to complete knockdown parts CKD, for Hyundai, Higher and a Globe Motors brands.The Globe Motors boss further explained that the company would be assembling three brands of automobiles including Hyundai, Higer, and its own brand, adding that the company has signed agreements with the Original Equipment Manufacturers OEM of these brands to produce the vehicles for Nigerians using global standard.Commending the government for coming up with a policy for the auto industry, Mr. Anumudu said: “We have made a lot of progress in the new plant. We keyed into the government auto policy though we were hesitant at the beginning, but we have realized it is the way to the nation’s economic development.”The Globe Motors boss noted that the success of the nation’s automotive sector would go a long way in ensuring the country’s development pointing out that all developed countries of the world have thriving automobile industry, which is a catalyst to economic development.“We don’t have an alternative to this auto sector, I urge all serious auto dealers in the country to key into this noble policy of the Federal Government,” he stated. Though he said that the journey had not been easy, he commended the government for its support to see to the life of the assembly plant.He recalled that the National Automotive Design and Development Council, NADDC; Nigerian Customs, Ministry of Finance, Budget Office have visited and encouraged them in their quest to achieve the tough task which led to their being given recognized status as vehicle assembler in Nigeria, adding that they have also received assistance from the Nigerian banks which have been very supportive.On funding, he said, the company has keyed into the Real Sector Support Fund of the Federal Government an intervention fund that is being administered by the Central Bank of Nigeria and has received good response to its funding request.The Globe Motors boss, however, advised Nigerians not to lose hope as the worse days in the Nigerian economy will soon be over. The indices, he said are there as the oil price has started picking up and with the implementation of flexible exchange rate by the Federal Government, serious corporate enterprises could source their funds for their businesses. He sees a huge potential for made in Nigeria vehicles as his company would explore market within the West African regions for their products. “We are discussing with some auto vehicle dealerships along the West African corridor with the view to exporting our products to other countries” he said.