[size=14pt]Nissan to Build Cars in Nigeria[/size]

Article | October 10, 2013 - 12:47am | By Michael Paul


Giant Japanese automobile manufacturer, Nissan has announced it plans to build a Manufacturing plant in Nigeria.
 
If it will becomes reality, Nissan will become the first global carmaker 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 carmaker 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 carmakers 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.

handebayor: Good news for us all BUT have got few questions to ask..... Will all of the components be made in Nigeria, components as little as bolts, nuts and even the main engine?? If yes then thats great!

ROSSIKE: No car manufacturer makes all the components required for the job. They rely on suppliers both local and foreign. You can set up a company that manufactures some parts and supply the Nissan plant.