Nissan has become the first major manufacturer to build a car in Nigeria in response to the government’s new automotive policy.A statement by Stallion Motors, Nissan’s representatives in the country on Saturday said that the inaugural vehicle, a black Nissan Patrol, rolled off the production line at the Lagos assembly plant and marked what it called a key milestone in the company’s continued wave of expansion into the high-growth markets.
According to Nissan, aside from the Patrol, plans are at an advanced stage to produce the Almera and NP300, starting in early May and followed by mass production in August.
â€œWith these three models, Nissan aims to be a significant player in the Nigerian automotive sectorâ€� it said.
Nissan said it is targeting significant growth in Africa given its momentum towards achieving its Power 88 goals, a commitment to reach 8% profitability by the end of fiscal year 2016.
The first â€œbuilt in Nigeria for Nigeriansâ€� Nissan Patrol follows the signing last year of a Memorandum of Understanding for vehicle assembly in Lagos between the Renault-Nissan Alliance and West African conglomerate Stallion Group.
Preparations for production in Nigeria to global standards have been achieved at a rapid pace, setting a new benchmark in responsiveness and organisational agility, Nissan said.