The first set of Made in Nigeria 4×4 SUVs will be rolled out by Nissan Motors in April this year.
Chief Executive Officer of Nissan Motors, Carlos Ghosn, disclosed this to President Goodluck Jonathan on the sideline of ongoing World Economic Forum in Davos, Switzerland.
Ghosn, who said the vehicles would be rolled out of the old Volkswagen Assembly plant in Lagos, noted it was possible to produce two to three million cars in Nigeria annually.
According to him, this will lead to creation of thousands of direct and indirect jobs in the country.
He also told President Jonathan that Nissan intended to increase its investment in Nigeria and establish its own production plant in the country.
“We are interested in producing popular cars , totally adapted to the needs of Nigerians,” Ghosn told the President, adding that the company also planned to bring its global suppliers to make vehicle components in the country.
In his remarks, President Jonathan reiterated that the diligent implementation of the country’s new national automotive policy would rapidly develop Nigeria’s automobile industry.