Toyota, Kia okay Nigeria’s assembly plants


Ade-Ojo-and-Olusegun-Aganga-360x225Nigeria’s dream of being the hub of automobile industry in West Africa has received a boost with two key manufacturers agreeing to establish assembly plants in the country, RASHEED BISIRIYU writes The Federal Government’s new automotive policy has attracted two major vehicle manufacturers, Toyota Motor Corporation and Kia Motor Corporation, which have commenced preparation towards setting up assembly plants in the country.

Indications emerged on Sunday that the Japanese automaker, Toyota, had finally given in to pressure from its representative in the country, Toyota Nigeria Limited, to start an assembly plant in Nigeria next year if it hoped to retain its number one position in the local auto market.The move coincided with a confirmation on Friday by Kia, a Korean firm, to roll out its first set of vehicles from its Nigerian plant in September this year. SEE MORE ON PAGE2

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