The Chief Executive Officer (CEO) of Renault-Nissan, Carlos Ghosn, has disclosed that Nissan will unveil a new line of locally manufactured cars at an old Lagos Volkswagen plant by April. He stated that this is in line with Nigeria’s new automotive policy and their interest lies in producing popular cars totally adapted to the needs of Nigerians. According to National Automotive Council, Nigeria’s current vehicle inflow into the economy is about 50,000 new and 150,000 used ones, which will rise as the economy improves.
Ghosn informed President Jonathan during the World Economic Forum recently, that Nigeria had the potential to produce 2 to 3 million cars yearly adding that they plan to establish a production complex and further increase investments. He added that Nissan plans to attract its global suppliers to come into the country and produce auto parts.