Vehicle manufacturing companies have started building plants to make cars in Nigeria with Nissan being the first of its kind to achieve this.
“Nigeria has always been a very key market for us and I think it was a logical step to move towards. We are also building the Almera and the volumes are increasing on a daily basis. We are very pleased with the result we are getting out of the plants in Nigeria,” Mike Whitfield, managing director of Nissan South Africa told CNBC Africa.
“Obviously, as one increases production levels it does produce the economics of sales and I think the process is a journey. Our objective as we continue to go forward is to improve the cost effectiveness of the vehicles manufactured in Nigeria.”
For this project to grow and improve and for the cost of these vehicles in Nigeria to be more affordable for the people, there is a need for more vehicles manufacturing companies. This will help the local industries to grow and provide better opportunity for the people by also creating job opportunities.
“First and foremost it is very important that we see as many manufacturers as possible moving and supporting the automobile policy because with that approach we will end up being able to grow the local component industry. There is an effect of that in not only job creation but also skill creation. From a Nissan objective, yes, it is our objective to move forward to ensure that we can produce a car in the Nigerian market that meets the need of the population and addresses the issue of affordability.”