French carmaker Renault and Nigerian conglomerate Coscharis Group have formed a partnership to assemble and distribute Renault vehicles in Nigeria, the companies said on Thursday.
Fabrice Cambolive, Senior Vice-President and Chairman of the Africa, Middle East and India Pacific region of Renault, said in Paris that the expansion was because Nigeria was a strategic African country.
“With a population of over 200 million, Nigeria is a strategic African country where Groupe Renault will extend its footprint,” Cambolive said.
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The Coscharis Group plant will start assembling Renault Logan and Renault Duster vehicles and will distribute the cars through their sales network throughout Nigeria from October.
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