President Goodluck Jonathan on Thursday in Davos, Switzerland said that his administration is fully committed to rapidly developing Nigeria’s automobile industry through the diligent implementation of the new national automotive policy.
A statement issued by his Special Adviser on Media and Publicity, Dr. Reuben Abati said Mr. Jonathan made this known at a meeting with the Chief Executive Officer of Nissan Motors, Mr. Carlos Ghosn and representatives of Nissan’s partners in Nigeria on the sidelines of the ongoing World Economic Forum.
Abati quoted the president as saying a key objective of the new policy was to make new cars affordable to more Nigerians.
“The only way to reduce the preponderance of second hand cars on our roads is to produce good quality cars with affordable pricing locally,” the statement said.
Welcoming the Nissan group’s investment in vehicle production in Nigeria, President Jonathan pointed out that all investors in local automobile production in the country will have a huge ready market for their products.
“The automobile industry in Nigeria has a huge potential for growth. The market is not just Nigeria, but the entire West African region”, he observed.
Earlier, Mr. Ghosn lauded the Federal Government’s new automotive policy, saying that it would encourage foreign investment and technical expertise to boost domestic vehicle production.
The Nissan CEO also informed President Jonathan that the company plans to roll-out the first made in Nigeria 4 X 4 Utility SUV in April, using the old Volkswagen Assembly plant owned by its partners.