Chief Innocent Ifediaso Chukwuma born (1st October 1961) is a Nigerian business magnate and investor. He is the founder and CEO of Innoson Vehicle Manufacturing, Nigeria’s first indigenous automobile manufacturing company. Innocent Chukwuma was born into the family of Chukwuma Mojekwu.
Innocent Ifediaso Chukwuma is a Nigerian businessman and an Entrepreneur. He is the Chairman of Innoson Group of Companies, and the man behind Africa’s first automobile brand, Innoson Vehicle Manufacturing. Innocent Chukwuma was born on 1st October 1961 in Uru-Umdim, Nnewi, Anambra State. His dad, Chukwuma Mojekwu was a government employee while his mom, Martina Chukwuma was a stay-at-home mum. He is the last of six siblings, four males, and two females.
Innocent Chukwuma began his private company as a merchant in cruiser save parts. He has since developed into power in the automobile producing area in Nigeria. Innocent Chukwuma had his Primary education and Secondary school education in Uru-Umudim in Nnewi. He finished in 1978, and then applied to study Engineering but was not selected because he did not meet the cut-off mark required for his Engineering course.
While awaiting the result before finding out he did not make the list, Innocent Chukwuma worked with his older brother assisting him as a Chemist. It was while he worked with his brother that he realised his love for selling and marketing. After getting rejected to the University of his choice, his older brother introduced him to Chief Romanus Eze Onwuka, and he worked with the popular Rojenny for a year. Chief Romanus Eze Onwuka is the founder of the first private stadium in Nigeria, Rojenny Stadium Oba near Onitsha.
He stayed with the Chief who was a Master in selling Motorcycle spare parts, and there he learned the rudiments of buying and selling on a larger scale in Nnewi. After a year, he left and returned to work with his older brother. His brother had turned his business into a company also dealing in the sale of spare parts, so he gave Innocent N3,000 to go and put into practice what he had learned.
Innocent Chukwuma rented a shop with the money and started trading also. After a year, Gabriel and Innocent did a business analysis and soon closed the medicine store to focus fully on the Motorcycle spare parts business, Gabros International. In 1981, Innocent Chukwuma left his sibling and began exchanging Honda parts. Outfitted with his reserve funds and the money his sibling gave him, he started exchanging under the name Innoson Nigeria Limited. As time advanced, he began bringing in bikes.
He understood that individuals were purchasing recycled cruisers on the grounds that the new ones were costly. The new bikes were costly in light of the fact that they were imported amassed and a 40ft holder could just take 40 bikes which bestowed the expense of the bike. Innocent Chukwuma sought approaches to reduce the expense of imported new cruisers so Nigerians can manage the cost of new bikes. This he did by bringing in the bikes dismantled so more cruisers can find a way into the compartment and getting them collected here in Nigeria.
With this groundbreaking thought, he had the option to import 200 units of the bike in a similar 40ft compartment and reassembled them upon their appearance in Nigeria. This gave him the edge to sell less expensive than his rivals at the pace of N60,000 to 80,000 rather than N150,000. The handy business visionary, Innocent Chukwuma was the main individual that brought the Jingcheng brand into Nigeria. This was the way Innocent Chukwuma’s organization began collecting marked cruisers simply like the Leventis and Boulos Enterprises. Today, the organization is one of the significant merchants, providers, and constructing agents of cruisers and bike parts in Nigeria and West Africa overall.
He has won numerous awards in Nigeria, and he has the honour of being the Officer of the Order of the Federal Republic of Nigeria. He is happily married to Ebele Chukwuma, and together they are blessed with children
Innocent Chukwuma Net worth
As the founder of Africa’s biggest car making company, Innocent Chukwuma has an estimated net worth of $1 billion (N362 billion).