Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Nissan, Stallion sign Nigeria assembly deal

09 October 2013, 16:22

Paris - The Renault-Nissan Alliance and West African conglomerate Stallion Group have signed a preliminary agreement to start vehicle assembly in Nigeria and potentially create a major Nissan manufacturing hub for Africa.

The memorandum of understanding would see Stallion, which is Nissan's exclusive distributor in the country, increase capacity at its existing plant in Lagos, Renault-Nissan said in a statement on Wednesday.

Stallion currently produces commercial vehicles at the facility, but the plant's annual capacity would be expanded to 45 000 units to assemble a range of cars, light duty trucks, pickups and vans, the alliance said.

"Nissan is preparing to make Nigeria a significant manufacturing hub in Africa," said Carlos Ghosn, chief executive of Nissan and Renault. "As the first-mover in Nigeria, we are positioned for the long-term growth of this market and across the broader continent."

The move comes as the government is expected to approve a new policy designed to encourage the development of the automobile industry in Nigeria, the carmakers said.

The first vehicle to be introduced was expected to be the Nissan Patrol SUV in the spring of next year. The plant would also be opened to French auto group Renault, though the companies did not give any details.

Japan's Nissan is aiming to double annual sales in Africa by 2016 from 110,000 units last year. It already plans to launch the Datsun brand in South Africa before the end of next year.

- Reuters


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...