Automakers plan establishment of assembly plants in Nigeria

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No fewer than 12 automobile manufacturers have expressed interest establishing plants Nigeria, ’s biggest economy, according to National Automobile Council’s -General, Mr. Aminu Jalal.
This announcement came after Mr Pablo Segrelles, the Chief and Commercial Counselor the Embassy Spain Nigeria announced that about seven Spanish companies wants to invest the country’s automobile industry.
In October, 2013, the Federal Government Nigeria launched the Automotive Industry Development Plan aimed at discouraging importation used cars and encouraging the local manufacturing new which will in turn attract local and investments to the sector.
Speaking the latest development, Jalal said groundwork has already commenced the proposed plants.
“By the end the year, all the 12 auto manufacturing companies are expected to have established vehicle plants in the country,” local news , Punch quoted Jalal as saying.
Some of the automobile companies expected to soon begin operations include Hyundai, Kia, Renault, JiangSu, Foton, Joylong and Higer automobiles.
Japanese automaker, Toyota is said to be conducting a feasibility studies and may soon follow in the step of others before the end of the year, Jalal said.
Old assembly plants including that of Leventis and Leyland Motors are also expected to be revived while three new auto assembly plants will commence operations by June. (VENTURES