Volkswagen Awaits Automotive Law To Produce 2m Cars In Nigeria — MD

Chairman and Managing Director of Volkswagen, Thomas Schaefer has said the company will make two million made-in-Nigeria cars once the automotive industry bill is signed.

Schaefer said this in Abuja as he led a delegation to discuss developing the African automotive industry through an African approach.

According to him, “The market at the moment in Nigeria is not big due to various reasons, total number of cars built in Nigeria is about 10,000 cars which is small.

“Nigeria is good for, at least, 600,000 to 700,000 cars per annum.

“I personally believe that Nigeria is good for 2,000,000 cars per year; with good government policies and collaboration with the industry, this can be achieved.”

He added that, “We are also pushing for the passage into law of Nigeria’s automotive policy capable of advancing the growth of Africa’s automotive sector.’’

Schaefer assured that Volkswagen would source 70 per cent of the raw materials for its productions, locally.

“You need to localise the raw materials otherwise there will be no cost advantage.

“If you bring in all the materials, the logistics cost will kill the project. Nigeria has a lot of raw materials that can be used.”





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