Volkswagen, Signs MoU With Nigeria To Turn The Country Into The "Automotive Hub" Of West Africa
German automaker VW has signed MoU with Nigeria government to make Nigeria an automotive hub for West Africa market which comprises of more than 17 countries and population estimated to cross 400 Million by 2020. The deal aims to build a robust ecosystem from training, manufacturing and dealer to service network. This move is great for Nigeria, the largest economy of the African continent which is heavily dependent on import of used cars. The stabilization of political climate post ongoing elections and newer favorable automotive policies will be critical to accelerate this initiative. This move from VW should attract other automotive OEMs to rethink and accelerate their African strategy. - Neil Shah
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Sep 7, 2018
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