Lagos -The newly introduced auto policy of the Federal Government has started yielding results as 12 automobile manufacturing companies have signified their intention to set up vehicle assembly plants in the country.
Three of them will commence operations in June while the remaining ones are expected to have established their vehicle assembly plants in the country before the end of 2014, reports Business News.
Some of the vehicles that would be assembled are Kia, Renault, Foton, Higer automobiles, Joylong, among others.
The establishment of the new plants is coming on the heels of plans to revive old vehicle assembly plants like Leyland, Volkswagen and Leventis Motors.
Read more at Business News.
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