President Buhari was photographed earlier today inspecting one of the ‘Made-In-Nigeria’ Peugeot cars at the presidential villa, today, Thursday, November 19.
The inspection took place following the visit of the Executive Vice President, Middle East and Africa, Peugeot Citreon, Mr. Jean-Christophe Quemard’s visit to the villa. Speaking to the audience, Buhari reaffirmed his administration’s commitment to the federal government’s privatization and commercialization policy.
He stressed, however, that greater consideration will now be given to the technical and managerial competence of prospective buyers of government-owned companies.
The Peugeot Chief Executive for Africa and the Middle-East briefed the President on the company’s three-phased plan to resume vehicle assembly in Nigeria with 4,000 cars next year, rising up to 10,000 cars by 2021. He said that the plan, which he urged the Federal Government to support with appropriate policies and actions, will entail higher local content in the assembly of Peugeot cars in Nigeria and the exportation of locally assembled Peugeot cars from Nigeria to neighbouring African countries.