Nigeria just took an advanced step toward building up potentials for the car manufacturing in the country after the Federal Government and Volkswagen signed an MOU. This partnership with the German car manufacturer destines that Volkswagen vehicles will later be produced inside the border of the African country.
Volkswagen will dedicatedly bring in modern technology and advanced production
The partnership was formed when Angela Merkel, the German Chancellor paid a visit to the country on August 31, 2018.
Dr. Okey Okechukwu was chosen to be the representative of the Federal Government of Nigeria to sign the deal while Thomas Schaefer, Chairman as well as CEO of Volkswagen Africa signed for Volkswagen side.
Volkswagen Africa led by Thomas Schaefer have been co-working with Aliyu, the Director General of the National Auto Design and Development Council to help the German company put its foot into Nigeria for vehicle production.
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Aliyu believes the MOU with Volkswagen brings a potential prospect on the development of the country and Nigeria must be really yearning for it because Volkswagen will dedicatedly bring in modern technology and advanced production, which benefits users’ experience and the environment as well.
Nigeria is considered to perk up Volkswagen's revenue much higher due to its highly-demanding market and its strategic location in Africa
Aliyu added the two sides form a perfect match to nurture a successful future for their economics.
In fact, this is not the first shot Volkswagen’s given in African, it has activated production in Rwanda previously. However, Nigeria is considered to perk up its revenue much higher due to its highly-demanding market and its strategic location in Africa as well.
Do you think this will be a good move for Nigerian auto market or is it a threat to our native manufacturer Innoson Motors?
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