shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Nigeria Signs MOU With Volkswagen Group 

Nigeria Signs MOU With Volkswagen Group 

by Joshua
September 10, 2018
in Uncategorized

The Nigeria automotive industry has got a boost with the signing of a Memorandum of Understanding (MoU) with the Volkswagen Group to develop joint vision for an automotive hub in the country.

Mr Bisi Daniels, Strategy and Communications Adviser to the Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah said this in a statement in Abuja.

Daniels said Enelamah signed the MOU on behalf of Nigeria while the Head of the Sub-Saharan Region of Volkswagen, Thomas Schaefer, signed on behalf of Group.

According to him, Volkswagen undertakes to implement a phased approach in relation to the assemblage of vehicles.

He said this would start from assemblage of kits with the long-term view of establishing Nigeria as an automotive hub on the West Coast of Africa.

“This will include establishing a training academy in conjunction with the German Government which will train the initial employees.

“The academy will also provide broader technical training in automotive skills. It is also intended that a comprehensive Volkswagen vehicle and service network is developed in the country, subject to commercial viability,’’ he said.

Daniels said that the government promised to finalise the approval of the Nigerian Automotive Policy under consideration.

He said the finalisation would include the gradual transition from the importation of used cars to the manufacture and distribution of new passenger vehicles.

Daniels said the government was also committed to providing a conducive legislative environment that would encourage the manufacturing of motor vehicles in Nigeria.

“The MoU is a major step in our walk toward the development of a robust automotive industry to contribute to the continuous economic development of the country.

“We believe in the strategic and catalytic role of the automotive industry in the diversification of the Nigerian economy.

“We remain committed to encouraging and partnering with relevant stakeholders, especially investors and friends of Nigeria.

“We will meet our commitments and look forward to welcoming other Original Equipment Manufacturers (OEMs) interested in working with us.

“This is to increase local production, local procurement, and exports,’’ the minister said.

Contributing, Mr Jelani Aliyu, Director -General, National Automotive Design and Development Council (NADDC), said  “Nigeria offers not only a significant domestic market, but also the opportunity of a gateway to the West African market.

“We are pleased by the progress we have made in our engagement with Volkswagen, and excited to be partnering with a strong stakeholder with a full understanding of the huge potential Nigeria represents.”

Schaefer said “This week, Volkswagen has been able to demonstrate with conviction that it is serious about its intentions in Sub–Saharan Africa.

“We are well placed to become a dominant player in Africa as the continent continues to stabilise and develop economically as the last frontier for the automotive industry.’’

Tracing the history of Volkswagen, Daniels said that the company had a fully-fledged manufacturing facility in South Africa, and assembles vehicles in Kenya, Algeria and Rwanda.

According to him, these functions were in conjunction with an Integrated Mobility Solution offering Community Car Sharing and shortly to be launched Ride Hailing.

He said that the national automotive policy had continued to attract investment from within and outside the country. 
 


Related Posts

Despite ₦5.17trn Surplus, Dollar Dominates Nigeria-China Trade As Naira-Yuan Swap Struggles

Despite ₦5.17trn Surplus, Dollar Dominates Nigeria-China Trade As Naira-Yuan Swap Struggles

June 30, 2025
Meningitis: Death Toll In Kebbi Hits 56 – Govt 

Meningitis: Death Toll In Kebbi Hits 56 – Govt 

March 24, 2025
Navy Rescues 8 Police Officers,1 Civilian From Boat Accident In Bayelsa

Navy Rescues 8 Police Officers,1 Civilian From Boat Accident In Bayelsa

January 8, 2025
PHOTO NEWS: SIFAX Thanksgiving and Night of Praise 2.0

PHOTO NEWS: SIFAX Group Thanksgiving and Night of Praise 2.0

December 18, 2024

Discussion about this post

Latest News

Vessels Expected At Lagos Ports As At 9th July, 2025

FG Donates 3,500 Life Jackets to Boost Waterways Safety in Ogun State

July 9, 2025

Dangote Commends NPA-Led OSS Committee, Donates Bus to Support Operations

Customs Intercepts ₦654m Worth of Undeclared Foreign Currency at Kano Airport, Hands Over Suspects to EFCC

Vessels Expected At Lagos Ports As At 9th July, 2025

CRFFN Dismisses Viral Court Judgement Reports, Reaffirms Regulatory Mandate over Freight Forwarders

Lagos Govt. Dismantles Illegal Checkpoints Along Badagry Expressway

Nigeria Customs Sensitises International Airline Operators on Currency Declaration

PHOTO NEWS Collaboration For Trade Facilitation

Vessels Expected At Lagos Ports As At 8th July, 2025

Nigerian Exporters Lament as Road Freight to Ghana via Benin, Togo Costs Over ₦10 Million Per Truck  

NIWA Responds to Lagos State’s Call to Halt Sand-Filling Approvals on Waterways 

Shippers’ Council Recovers Over N5.5 Million in Container Deposit Refunds, Demurrage Disputes in Q1

kindly like our Facebook page

Health

Contraceptive Pills Can’t Cause Cervical Cancer – Expert
Health

Contraceptive Pills Can’t Cause Cervical Cancer – Expert

June 30, 2025

Mrs Roseline Akinlabi, Adolescent and Youth Sexual Reproductive Health Desk Officer, Osun Primary Healthcare Board, says contraceptive pills cannot cause...

ONIONS: The Good Old Healing Vegetable

KNOW YOUR BODY PARTS: The Liver

June 16, 2025
ONIONS: The Good Old Healing Vegetable

ONIONS: The Good Old Healing Vegetable

June 16, 2025
Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

June 1, 2025
20m Nigerians Live With Mental Health Issues, Says WHO

20m Nigerians Live With Mental Health Issues, Says WHO

June 1, 2025
Health Facts You Didn’t Know

How Your Habit Affects Fertility

May 19, 2025
Fruits For Raining Season

Fruits For Raining Season

May 19, 2025
See Mental Illness Like Other Treatable Diseases – Says Suicide Survivor

Health Facts You Didn’t Know

May 19, 2025
Alligator Pepper: Benefits, FAQ, Side Effects, & Warning

Alligator Pepper: Benefits, FAQ, Side Effects, & Warning

April 28, 2025
Water And Health: The Relationship That Helps Life

Water And Health: The Relationship That Helps Life

April 28, 2025

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition