FULL NAME: Innocent Ifediaso Chukwuma
STAGE NAME : Innocent Chukwuma | Innoson Motors
NET WORTH :
DATE OF BIRTH: Born 1961
PLACE OF BIRTH : Umudim, Nnewi,in Anambra State
STATE OF ORIGIN : Anambra State
OCCUPATION : Automobile Manufacturer, Spare-parts dealer
INVESTMENTS/COMPANY(S) : Innoson Nigeria Limited Nnewi, Innoson Tech. & Industries Co. Ltd Enugu, Innoson Vehicle Manufacturing (IVM) Nnewi and General Tyres & Tubes Co. Ltd Enugu.
MARITAL STATUS: Married to Mrs. Ebele Chukwuma
Born Innocent Ifediaso Chukwuma popularly known as Innocent Chukwuma, is a Nigerian business magnate and investor. The dynamic and strategic man is the founder and CEO of Innoson Vehicle Manufacturing, the Nigeria’s first indigenous automobile manufacturing company. He is the Group Chairman and Chief Executive Officer of Innoson Vehicles Manufacturing Co. Ltd the first Nigerian company to start vehicle manufacturing . I believe you known little or nothing about this man, here are several things that you didn’t know about the man behind Innoson Motors.
Early Life And Background
Innocent Ifediaso Chukwuma who is better known as Innoson was born in 1961 in Umudim, Nnewi,in Anambra State. Innocent was born into the family of Chukwuma Mojekwu, the last child in the family of six. He had his primary and secondary school education in Uru-Umudim Nnewi, in Anambra State. After completing his education, he started trading in spare parts under the name Innoson Nigeria Ltd in 1981. Nnewi being his birthplace, it doesn’t sound strange that he chose Nnewi as the location for the vehicle manufacturing plant he founded.
Innoson motors is next after Leventis and Boulos Enterprises in assembling branded motorcycles in the country. Innocent Chukwuma is a very busy man but he also set out time to pursue his hobbies , one of them is playing table tennis as a form of relaxation. The Billionaire Vehicle manufacturer is married to Mrs. “Ebele Chukwuma” and they are blessed with children.
After he completed his education in the year 1981, Innocent began trading in spare parts, a very lucrative business in South East Nigeria. It all started in 1978 after he was done with his secondary school education, Innocent Chukwuma applied to study Engineering at the university. He waited a while for his result and later joined his elder brother (Gabriel) at his medicine store. When his university application admission status came out, he didn’t make the cut off mark, and so couldn’t get in that year. While he was working with his elder brother , he realised he had a natural talent for trading, and so moved on to serve Chief Romanus Eze Onwuka, where he learnt a trade.
- Aliko Dangote Biography- Profile, Net Worth, Age, Family & Children
- Dr Deji Adeleke (Davido’s Father) Biography – Net Worth, Age & Investments
- Top 10 Richest Women in Nigeria 2018 | Richest Nigerian Woman
After speeding one year with Chief Romanus Eze Onwuka he got bored and returned to his brother, Gabriel. During which he registered a business called Gabros International. The business was funded by his brother to the tune of 3,000 Naira ($10; which had a considerably higher value back then), and traded in motorcycle spare parts. This time his brother allowed him to become a man by giving him the opportunity to to run the business his own way, Innocent rented a shop and started purchasing merchandise. By the end of 1980 Innocent and his elder brother, Gabriel, took a rough estimate of everything the medicine store and the spare part business were making, and realised that Gabros International was making ten times more money than the medicine store. This was an eye opener for them as they were able to make the right decision on what to focus in.
After taking a thorough account of everything, they invested more in spare parts. From that moment , the business has expanded into four manufacturing companies namely:
1. Innoson Nigeria Limited Nnewi, manufacturers of motorcycles, tri-cycles, spare parts and accessories;
2. Innoson Tech. & Industries Co. Ltd Enugu, manufacturers of Household and Industrial Plastics, Health & Safety accessories, Storage containers, Fixtures & Fittings, Electrical components & accessories;
3. Innoson Vehicle Manufacturing (IVM) Nnewi, manufacturers of Capacity City bus, Mini & Midi buses, Pick-Up trucks and
4. Garbage Collecting vehicles; General Tyres & Tubes Co. Ltd Enugu, manufacturers of Tyres and Tubes.
When Innocent Chukuma personally ventured into motorcycle sales, his first observation was that people were importing used motorcycles into Nigeria, and that their prices were not affordable. He was driven by this situation to find a way to bring in brand new motorcycles into the country at a price that will not put hole in your pocket, lower than the used motorcycles .
The vehicles in IVM fleet range from cars, trucks, SUVs, compactors, etc . Presently, the company has made in-road into some African countries such as Ghana, Sierra Leone, Chad, Niger, Togo. His main focus was to prove to people that Nigerians can do it.
According to him, the inspiration to go into vehicle manufacturing was drawn from a desire to see Nigerians drive new cars instated the scraped one we see on the road everyday. According to him in an interview with Vanguard he says “Nigeria has become a dumping ground for second hand cars. I know it was the high price of new vehicles that made Nigerians resort to patronising old vehicles, but since we decided to manufacture the vehicles here, the price is affordable, and our people can drive new vehicles again,”
At the inception of his vehicle manufacturing company, there was lot of of challenges because some people felt it won’t work, but today, he is the first black man to embark on such a venture. His company has provided job for many Nigerians , he has employed more than 7,400 Nigerians who work in the company’s factory . His outstanding contributions to the development of Nigeria has earned him several awards both locally, Nationally and internationally. He was appointed Deputy Chairman, Board of Trustees National Coalition for Jonathan/Sambo Presidency, a group setup to promote the election of the former Nigerian president, Goodluck Jonathan.
Award and Honors
- Honorary Life Vice President of Nigerian Association of Chambers of Commerce, Industry, Mines & Agriculture (NACCIMA)
- Commerce, Industry, Mines and Agriculture (ECCIMA)
- Most Outstanding Indigenous Entrepreneur in the Manufacturing Sector by Enugu Chamber of
- Officer of the Order of the Federal Republic (OFR)