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Thursday, October 10, 2013
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Giant Japanese automobile manufacturer, Nissan has announced it plans to build a Manufacturing plant in Nigeria.
If this materializes, Nissan will become the first global car maker to build cars in Nigeria since west Africa's largest economy rolled out a policy to tempt investors into its nascent automotive industry.
“Nissan is preparing to make Nigeria a significant manufacturing hub in Africa,” the Japanese car maker said in a statement on Wednesday.
The statement quoted Carlos Ghosn, chief executive of Nissan and Renault as saying: "As the first-mover in Nigeria, we are positioned for the long-term growth of this market and across the broader continent.”
The move comes as the Federal government is expected to approve a new policy designed to encourage the development of the automobile industry in Nigeria, the car makers said.
The first vehicle to be introduced was expected to be the Nissan Patrol SUV next year. The plant would also be opened to French auto group Renault, though the companies did not give any details.
Japan’s Nissan is aiming to double annual sales in Africa by 2016 from 110,000 units last year. It already plans to launch the Datsun brand in South Africa before the end of next year.
If this materializes, Nissan will become the first global car maker to build cars in Nigeria since west Africa's largest economy rolled out a policy to tempt investors into its nascent automotive industry.
“Nissan is preparing to make Nigeria a significant manufacturing hub in Africa,” the Japanese car maker said in a statement on Wednesday.
The statement quoted Carlos Ghosn, chief executive of Nissan and Renault as saying: "As the first-mover in Nigeria, we are positioned for the long-term growth of this market and across the broader continent.”
The move comes as the Federal government is expected to approve a new policy designed to encourage the development of the automobile industry in Nigeria, the car makers said.
The first vehicle to be introduced was expected to be the Nissan Patrol SUV next year. The plant would also be opened to French auto group Renault, though the companies did not give any details.
Japan’s Nissan is aiming to double annual sales in Africa by 2016 from 110,000 units last year. It already plans to launch the Datsun brand in South Africa before the end of next year.
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