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The Federal Government of Nigeria has signed an MOU with Europe's largest automotive manufacturer, Volkswagen, to produce a number of its vehicles in the country.

This was part of the events during the visit by the German Chancellor, Angela Merkel, to Nigeria on the 31st of August, 2018.

The Honourable Minister of Industry, Trade and Investment, Dr. Okey Okechukwu Enelamah, signed on behalf of the Federal Government of Nigeria, and Thomas Schaefer, CEO and Chairman of Volkswagen's Africa operations signed on behalf of Volkswagen.

Thomas Schaefer and Volkswagen have been working with the DG of the National Automotive Design and Development Council, Jelani Aliyu, and the agency towards the company's entry into Nigeria and the setting up of local production.

Early July this year, the National Automotive Design and Development Council and the Federal Ministry of Industry, Trade and Investment had hosted Volkswagen and other global OEMs in Abuja.

Aliyu mentioned, "This MOU with Volkswagen is a progressive development as a result of that earlier engagement, and we are particularly excited because the company is very committed to new applicable technology and the local production of modern, safe and energy efficient vehicles which would be optimized for our environment."

"With Volkswagen, we have a strong stakeholder who understands the huge potential in the Nigerian market, and we are a perfect match to the company's efforts towards innovative mobility services which would both compliment and boost our economic structure."

Volkswagen has recently started vehicle production in the East African country of Rwanda this year.

Nigeria provides an even larger market, both within the country and as a gateway to the West African region.

https://autojosh.com/nigeria-signs-mou-with-volkswagen

Alright!! God thank you for giving us Buhari!! Ever since he became president he has signed thousands of trade mou with different countries with the focus of enhancing the growth of economy Which was destroy by GEJ, Saraki and co.

President Buhari gives new order, signs MoU with China.

Nigeria, Niger sign MOU on $2b
Hydrocarbon Pipeline.

Nigeria, Germany sign MoU on
agric, commerce and many more, This Buhari is too much.
Saraki and co should be agitating for third term in office of the president for Buhari instead of running up and down like headless chicken.

What happens to INNOSON ?

A welcome development

Good.

Despite the too many evil people in the country.

Nigeria will return to it's former glory, then thereafter she will be restructured in peace.

God Bless His Excellence, President Mohammadu Buhari (GCFR)


Bad weekend for 3rd class citizens. It's been heartbreak after heartbreak

President Buhari's diversification initiative is working.

I could remember how America's economy gained explosive turnaround. It was through strengthening the auto companies. The same still work today.

More interesting is the continuous effort of this government to break our reliance on crude oil and set a structure for another source of revenue for the nation.

Hence the introduction of the adoption of agricultural sector as a major focus of the diversification agenda.

The combination of Autos and the Agricultural sectors will give a huge boost to the Nigerian economy and stand as a lasting alternative to the oil spell.

The problem of many Nigerians is the quest for instant gratification, we want it suddenly except for those that has chosen to just hate the government because their clueless leader has been honorably silenced.

Whether you can see or not, this government is working for now and the future of this country.

GEJ signed the same pact with NISSAN and others but where are they now?

We will drive them all out with our wars and rattlings

APC News na APC scam

what about the MOU signed with same company in 2016?

Am sure Buhari will sign another MOU with same company before the election day

Useless and lifeless president

MoU okwaya..

Its okay

Babyforever:
What happens to INNOSON ?

Which yeye Innoson?

How many SE Governors use Innoson vehicles?
How many Innoson vehicles are in Ekweremandu's convoy?

Say the truth. Would you agree to sit in an Innoson vehicle speeding at 130km/ph?

There is a reason why SE Governors refuse using Innoson vehicles even if they won't tell you.

Babyforever:
What happens to INNOSON ?

Is that an automobile manufacturer or Mobile Coffin manufacturer


We talking about Automobile manufacturing here.

Good for us

divineappo:
APC News na APC scam

what about the MOU signed with same company in 2016?

Am sure Buhari will sign another MOU with same company before the election day

Useless and lifeless president

Buhari is not like Obiano that signs MOUs with vegetable sellers and bricklayers.

Wow

You mean they signed MOU rinho

DWJOBScom:
GEJ signed the same pact with NISSAN and others but where are they now?

We will drive them all out with our wars and rattlings

Nissan actually started assembly in Nigeria but I doubt if it's being continued.

wonderful

It's not by Signing!! It's providing the environment for them...

We have had lots of signings before...

We will be Happy to see it work for Nigerians

We just dey sign everything like mancity for epl...

God blesses BUHARI

Baba mu ne BUHARI kaji ko

Sai BUHARI Say Nigeria gaskia ne fa

Good

Benekruku:


Is that an automobile manufacturer or Mobile Coffin manufacturer

We talking about Automobile manufacturing here.

Shut up

Volkswagen was in Lagos but packed up. It is not about signing MoUs but creating the enabling environment, generating adequate power (which is the lifeblood of industries), political stability, economic turnarounds and so on.

I can imagine what Innoson and co are suffering due to inadequacies of the government

Babyforever:
What happens to INNOSON ?

Some of you have determined not to see anything good about this government.

Few years ago when GEJ was signing MOU with foreign car makers, people like you were hailing him as transforming the automobile sector.

But when Buhari did the same thing, you suddenly remembered there is one Innosson somewhere. You are pathetic!

By the way, does any of your immediate family member own an Innosson vehicle?

Loooool. We Dey chase rwanda

Hmmm

Its obvious you don't want Nigeria to develop, all because you hate the president. Are you not tired of backwardness?

That's good news

Thank you Angela Merkel for coming to our aid. More plsss