Volkswagen awaits automotive law to produce 2m cars in nigeria md
I think there may be a slight mistake in your statement. Volkswagen is a global automaker that has been producing vehicles for many years, and it's unlikely that they are waiting for a specific automotive law to produce 2 million cars in Nigeria.
However, I can provide some context and information on the automotive industry in Nigeria.
Nigeria has been working to develop its automotive industry, and in 2019, the country introduced the Automotive Policy (AP) to promote local manufacturing and assembly of vehicles. The policy aims to increase local content, reduce imports, and create jobs.
Volkswagen has been present in Nigeria since 2011, and in 2015, they established a manufacturing plant in Lagos, which has a capacity to produce 10,000 vehicles per annum. The plant produces vehicles such as the Golf, Passat, and Tiguan.
While Volkswagen may not be waiting for a specific law to produce 2 million cars in Nigeria, the company is likely working to increase its production capacity and market share in the country. Nigeria has a large and growing middle class, and there is a significant demand for vehicles in the country.
It's worth noting that the Nigerian government has set a target of producing 2 million vehicles per annum by 2025, as part of its efforts to develop the automotive industry. However, this target is likely to be achieved through a combination of local production, assembly, and imports, rather than relying solely on one manufacturer like Volkswagen.
I hope this information is helpful!