Stallion Group and Nissan Motors Nigeria have disclosed plans to establish an auto manufacturing plant in the country.
The company’s Director, Sub Sahara
Africa, Mr Jimmy Dando disclosed this in Lagos at the inauguration of
Stallion Nissan Motors Nigeria as the new Nissan sales company in
Nigeria.
He said the company is currently
discussing with the federal government on the possibility of
establishing the plants in few years time.
He said citing plants in Nigeria
would create economic of scale and job opportunities as well as boost
industrialization, even as he said Nigeria’s robust auto sector
deserves viable plants that would shot its auto rating in the world.
Dando however said the company’s
quest to site the auto plants is constrained by factors such as duty
differentials and unregulated used vehicles in Nigeria.
He expressed optimism that the challenge would be addressed as talks progress between the federal government and his company.
He said with the partnership with
Stallion group, the company is poised to attain number one market share
in Nigeria as well as increase its share from the current 7.9 percent
share in Africa, to double that through new model introductions, brand
building and retail network expansion.
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