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FG orders patronage of made-in-Nigeria Stallion vehicles

By on June 3, 2014

President Goodluck Jonathan has given an order for  government to  patronise Made-in-Nigeria vehicles.

He spoke at an event organised by the Stallion Group, makers of Nissan vehicles in Nigeria,  to showcase the first five “Made-in-Nigeria” Nissan vehicles to the government to mark their local production and commemorate the restoration of democracy in the country.

The Chairman of the Stallion Group, Mr. Sunil Vaswani,  presented three models of Nissan vehicles to President Jonathan. The models included the Nissan Patrol Sport Utility Vehicle (SUV), Nissan Almera (Sunny) saloon car and the Nissan NP 300 pick-up.

The vehicles presented met global standards of product and technology and were proudly produced at the Stallion Nissan Motors plant located at Badagry Expressway, Lagos, pursuant to the new Automotive Policy initiated by the government.

The plant was established following the signing of the agreement between Nissan Motor Company and the West African conglomerate, the Stallion Group, on  October 9 2013, in response to the announcement of the National Automotive policy by the federal government on  October 3, 2013.

“Africa is a strategic market for Nissan. By acting quickly to begin production in Nigeria, we are securing for ourselves the first-mover advantage, demonstrating our brand leadership and promise of innovation,” Mike Whitfield, Head of Nissan’s sub-Saharan Africa region, said.

Stallion’s Group Chairman, Sunil Vaswani, who led the Stallion-Nissan delegation to Abuja, commended the federal government’s automotive policy initiative, describing it as a historic step towards industrial and economic rejuvenation.

Vaswani thanked the president for the national automotive policy initiative that facilitated the production of Nissan vehicles  in Nigeria.
“We are grateful for implementing this initiative which is part of the federal government’s seven-point agenda to attract foreign direct investment (FDI) and emancipate the dormant sectors of the economy,” remarked Vaswani remarked.

He further elaborated that “the evolution of automotive manufacturing sector in Nigeria would not only encourage more foreign direct investments but stimulate industrial clusters such as original equipment manufacturers that include steel plants, glass manufacturers, aftermarket shops and transportation service providers leading to job creation and contributing significantly to th Gross Domestic Product (GDP).”

Vaswani expressed confidence that “the current population of Nigeria can convincingly support more than half a million vehicles annually, which is more than sufficient to sustain an emerging automotive industry.
He reiterated that Stallion’s automobile facility in Lagos was committed to producing 45,000 vehicles annually.

He said Stallion was on track to expand its investments further in stimulating the growth of a complete auto industry ecosystem, as envisaged by the new policy.
Stallion Nissan Motors Nigeria is a subsidiary of the multinational conglomerate, Stallion Group and the sole distributor of Nissan Motors in Nigeria.

Stallion Group is engaged in commodities, industries, automobiles, agriculture, food, FMCG, real estate and other services across 18 countries.

 

 

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