The Chairman of Stallion Group, Mr. Sunil Vaswani, presented the three vehicles to the President at the International Conference Centre where a special event organised to mark the nation’s Democracy Day was held.
The vehicles, which were said to have been produced at the Stallion Nissan Motors Plant located on the Lagos-Badagry Expressway included a Nissan Patrol SUV, Nissan Almera (Sunny) saloon car and a Nissan NP 300 Pick-Up.
After the President inspected the vehicles, Vaswani said they met global standards of product and technology and that they were produced in Nigeria in pursuant of the Federal Government’s new Automotive Policy.
Vaswani said the plant was established following the signing of the agreement between Nissan Motor Company and West African conglomerate of the Stallion Group on October 9, 2013.
He commended the government’s automotive policy, which he described as a historic step towards industrial and economic rejuvenation.
He said, “We are grateful for implementing this initiative, which is part of the Federal Government’s seven-point agenda to attract Foreign Direct Investments and emancipate the dormant sectors of the economy.
“The evolution of automotive manufacturing sector in Nigeria would not only encourage more FDIs but stimulate industrial clusters such as original equipment manufacturers that include steel plants, glass manufacturers, aftermarket shops and transportation service providers leading to job creation and contributing significantly to the GDP.
“The current population of Nigeria can convincingly support more than half a million vehicles annually which is more than sufficient to sustain an emerging automotive industry.”
Source: Punch