₦airaland Forum

[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.

[size=14pt]Nigeria: No Immediate Ban On Used Vehicles, Says Aganga[/size]

4 October 2013 , Source: Vanguard

Abuja

The Federal Government said in Abuja on Thursday that the new automobile policy was not aimed at immediate ban on the importation of fairly used vehicles.

The Minister of Trade, Industry and Investment, Mr Olusegun Aganga, made this explanation at a news conference on the content of the new automotive plan.

Aganga said the policy would, instead, focus on promoting investments in affordable made-in-Nigeria vehicles that will in future minimise their importation.

The new Automobile Industrial Policy Development was approved on Wednesday by the Federal Executive Council.

"This policy will not result in the banning of the importation of vehicles in Nigeria but focus on promoting investments in affordable made-in-Nigeria vehicles that will in future minimise the importation of vehicles" , he said.

Aganga, who said phasing out second hand vehicles, popularly known as 'tokunbo', was a gradual process.

He said what government had done was to raise tariff on importation with a view to discouraging the influx of used vehicles into the country while also encouraging local manufacturing.

According to him, no responsible government would ban importation of used cars without putting in place viable alternatives.

"The importation of tokunbo cars will not be a major threat to the plan. Production of vehicles is in stages and involves a long process.

"You do not remove a thing without providing a viable alternative", he said.

The Director General, National Automotive Council, Mr Aminu Jalal, said the policy would help to open up the industry to many international auto manufacturers.

He said Toyota, Nissan, Renault and GM have all indicated keen interest to invest in Nigeria following the articulation of a comprehensive automotive development plan.

"These companies are now conducting feasibility studies on assembling vehicles in Nigeria.

"The elements of the plan, which will ensure competitiveness and increased productivity of the sector, are: industrial infrastructure improvement, skill development, standards, investment promotion, market development and anti-smuggling measures."

The Chief Executive Officer of Peugeot Automobile Nigeria (PAN), Mr Ibrahim Boyi, commended the Federal Government for the initiative.

He urged the government to map out strategies for the gradual banning of importation of used vehicles.

Boyi, who held that the importation of used cars had been a great challenge to the industry, said there must be a strict regime on the importation of fairly used vehicles.

"It is something that we have been clamouring for and something we have been hoping for.

"When you look at the performance of the industry, it has been a very unfortunate situation for the country.

"Apart from the environmental effects, importation of used cars had remained a great challenge to the industry.

"Most of the vehicles shipped into the country fall short of the stipulated environmental standards of the exporting countries", he said. (NAN)

yoddy: [img][/img]For the pips who wonder why some of us think GEJ is clueless, check this out.

While its an applaudable move to encourage car manufacturers to set up assembly plants in the country, I think the ban on tokunbo should come after these plants are up and running.

Now that the ban came first, the cost of these new cars won't be competitive.

naptu2: 1) I wrote on another thread that the government was planning to increase tariffs on imported cars and that this will encourage foreign firms to open up shop here, but some people laughed at the idea. I guess I've been vindicated.

2) Some people are still fixated with today. They are not looking at yesterday or tomorrow. Businesses invest because they want to sell and make a profit. They do not invest just because they want to throw money away. Therefore, the companies that are currently investing will have to develop some kind of credit scheme or cost effective measures to ensure that they have a large market to sell to (there are many companies in Nigeria that already sell goods on credit [if you can provide your employment details]).

3) Used cars are not being banned immediately. It is a gradual process that will involve periodically increase tariff on imported cars.

4) I hope this government and future governments stick with the policy. There has been a law in place since the 1970s that prevents the federal government from purchasing imported cars (it was put in place to encourage manufacturing at PAN, VON, Anamco, Steyr, Leyland, etc). However, the government later ignored this directive.

5) I give credit to the GEJ Administration for initiating this policy and to the OBJ Administration for selling government shares in VON.

[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.

justplainpaul: Where is that fool called petro dollar? come out lets exchange words. i like your never quit atitude.

justplainpaul: Mr gaynian are u that dumb? is it not obvious i am a troublemaker. what a dumb gaynian.

justplainpaul: Where is the second fool called otumfour. come out and join your fellow fool called petrodollar. i want to deal with u two, since you took the flag bearing for your gaynian pple, you shall suffer the consequences. come on you fools. lets do this.

nen4: cute DJ

Cajetan speaks: Just listen to yourself, "foreign rating agencies" my foot(bunch of racists), how many of them have visited Nigeria before?.. Transcorp Hilton and Sheraton are world class and a just few hotels around the world world are better in terms of services these hotels render.

berem: This is damn funny! So who was killed between Shekau and his twin brother sorry body double? I guess the body double was killed and not Shekau. No wonder the SSS called it cloning. In Fela's voice......double wahala for deadi body!

Cajetan speaks: Some dudes are just crazy.. This is Nigeria's first 5star hotel? probably you guys meant Nigeria's tallest hotel because the last time I checked what makes a hotel 5star is not its architectural design...

berem: naptu2 nwanne m, could you elaborate further?

pro01: They will tell you it is owned by the "Milan Group". Your first thought would be - wow, they must be a huge international conglomerate with global credibility. . .only for you to do a background check on the Group and its chairman and find out that they are largely Nigerian operators with no real pedigree. . . most likely money launderers and business fronts like the Chagourys.

The hotel is owned by Tinubu (and perhaps partly by Fashola) and operated by the so-called Milan Group, period.

Milan Group ko, Juventus Group ni.

berem: Where's your source? We no want "dem say dem say" tori!

Ishilove: 08091234567. Call me...

Dis Guy: you mean after several decades they are still importing it? thats bad business - they couldn't localize the production?

berem: Were they dancing skelewu or etighi?

yuzedo: LOL! I don't even know who moved this to FASHION section. The thread has as much to do with cosmetics as a ship has business at an airport.

I posted this thread because I was suffering from an acute case of the blues this morning and was randomly playing music from my phone playlist. For a long time i have had this song (hidden as a voice-note) and for the life of me don't know how it got on my phone so i've been skipping it for weeks. Today i decided to listen 10seconds longer, as Kurt Vonnegut's speech-reading sounded familiar, and that 20second grace made me realize i indeed knew the song from way back.

Needless to say, listening to the words invoked a lot of goosebumps, shivers and manly tears. It was the EXACT chicken soup my soul needed this tuesday morning and the inspirational and nostalgic wisdom i derived from the lyrics was something i felt i needed to share with the NL community, i mean, i don't know how many other people are feeling a little down this morning too.

The only place this should be is frontpage. But don't take the words alone, download the song and listen to it. Very emotional and presents plenty food for thought.

Tony Spike: I've been reading all the comments on this thread and I'm glad that Oga naptu is gradually agreeing to some of our concepts now. It is clear that our dear "Mr Forbes" Aliko Dangote is tending towards being an absolute monopolist in connivance with the silly government in power. I was thinking, would this kind of economic dominance have existed if Nigeria was operating an autonomous regional system of government? Because I think the 'near-absolute' power concentration in the hands of the FG is one of the factors that accelerated Dangote's monopolist tendencies. We have a 'centralised' FG that has monopolised every possible aspect of the economy, and this has been ongoing for over 30 years now. Will there ever be an end to this profiteering, exploitative and expansionist schemes?

otokx: Nigeria is blessed with diversity even in weather so the eagles can choose to train in Kano or Sokoto and fly straight to Addis Ababa for the match.