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Breaking: Renault, Coscharis to assemble cars in Nigeria

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.

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“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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