Global Enterprise

MAY 29, 2014 Fellow Nigerians, 1.I greet and felicitate with you all, today, as we mark 15 years of uninterrupted democratic governance in our beloved country. 2.Our dear nation, Nigeria, has certainly come a long way and made notable progress since our first Democracy Day on May 29, 1999 when the military finally relinquished power and handed over to a democratically-elected government, marking the true beginning of a government of the people, by the people, for the people.” President Goodluck Jonathan 3.Although I have ordered a low-key commemoration of this year’s Democracy Day in deference to the current mood of the nation, there can be no doubt that the past 15 years, the longest period of sustained democratic governance in our country, have been a blessing to us, as a people. 4.As we commemorate 15 years of our Fourth Republic today therefore, I believe that it is fitting that we pay tribute once again to all those who played a part in restoring our nation to the tr...

A buja —The first set of Made in Nigeria 4×4  SUVs will be rolled out by Nissan Motors in April this year. Chief Executive Officer of Nissan Motors, Carlos Ghosn, disclosed this to President Goodluck Jonathan on the sideline of ongoing World Economic Forum in Davos, Switzerland. Ghosn, who said the vehicles would be rolled out of the old Volkswagen Assembly plant in Lagos, noted it was possible to produce two to three million cars in Nigeria annually. According to him, this will lead to creation of thousands of direct and indirect jobs in the country. He also told President Jonathan that Nissan intended to increase its investment in Nigeria and establish its own production plant in the country. “We are interested in producing popular cars , totally adapted to the needs of Nigerians,” Ghosn told the President, adding that the company also planned to bring its global suppliers to make vehicle components in the country. In his remarks, President Jonathan reiterated that ...

NISSAN LAUNCHES PRODUCTION IN LAGOS Nissan has become the first major manufacturer to build a car in Nigeria in response to the Federal Government’s new  Automotive Policy. According to a statement from Stallion Motors, Nissan representatives in Nigeria, the inaugural vehicle, a black Nissan Patrol, rolled off the production line at the Lagos assembly plant, marking a key milestone in the company’s continued wave of expansion into the high-growth markets. In addition to the Patrol, Nissan also plans to produce the Almera and NP300, starting in early May and followed by mass production in August. With these three models, Nissan aims to be a significant player in the Nigerian automotive sector. Nissan is targeting significant growth in Africa as the company builds momentum towards achieving its Power 88 goals, a commitment to reach 8% profitability by the end of fiscal year 2016. Elsewhere in the world as part of the high-growth markets strategy, plants have been opened...

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