Nigeria will be Africa's next automotive hub (Report): PwC

Table of Contents

  • Evolution of Nigeria’s Automotive Industry
  • PwC Projections: 2015-2050
  • The Current Situation
  • The Nigeria new vehicle market
  • The Nigeria used vehicle market
  • Vehicle manufacturing and assembly in Nigeria
  • Outlook, Challenges and Opportunities

Read the full report below.

Evolution of Nigeria’s Automotive Industry

Nigeria has the potential to become the hub of Africa’s automotive industry. Home to an estimated 170 million people, over 40 million of who are in the growing middle class, the continent’s largest economy is increasingly seen as an attractive destination for investors across all sectors. The largely import dependent automotive industry has become the focus of this attention in recent times.

Golden Age: 1960s – 1980s

The Nigerian Auto Industry has for years been largely import driven although this has not always been the case. In the early 1960s, private companies such as the UAC, Leventis, SCOA and R.T. Briscoe pioneered Completely Knocked Down (CKD) or Semi-Knocked Down (SKD) auto assembly in the country. Subsequently in the 1970s and 1980s, the Federal Government also set up state-owned plants across the country via agreements with European Original Equipment Manufacturers (OEM): Peugeot Nigeria Limited (PAN), Styer Nigeria Limited and National Truck Manufacturers (NTM) in the North of Nigeria; Volkswagen of Nigeria Limited (VON) and Leyland Nigeria Limited in the South, Anambra Motor Manufacturing Company (ANAMMCO) in the East.

Nigeria – Africa’s Next Automotive Hub: PwC

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Source: Africa’s Next Automotive Hub | PwC

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