Today Nissan and West African conglomerate Stallion Group announced their intention to jointly launch vehicle assembly in Nigeria.

 

The announcement is in expectation of final approval by the Federal Government of the new Automobile Industrial Policy, designed to encourage development of the auto industry in Nigeria, and would see Nissan become the first major international manufacturer to launch vehicle assembly in the country following the new legislation.

 

The parties have signed a Memorandum of Understanding which will result in Stallion – already Nissan’s exclusive distributor in Nigeria – increasing capacity at its existing plant, VON Automobile Ltd in Lagos.