NIGERIA 🇳🇬 – The automobile assembly plant is now open for business.
The automobile company of the richest man in Africa, Nigeria’s Aliko Dangote – Dangote Peugeot Automobiles Nigeria Limited (DPAN) has started assembling vehicles in Nigeria, beginning with the Land Trek, 3008, 5008 and the new Peugeot 508.
The journey of the automobile plant began in 2016 when the Kaduna State Government, Dangote Group and the Bank of Industry (BOI) were to acquire majority shares of Kaduna based moribund Peugeot Automobile.
Then in 2017 it was reported again that the billionaire acquired the license to establish a Peugeot plant in Nigeria. That was five years ago and now in the first quarter of the year 2022, the assembling plant is set to begin its operations.
Dangote Peugeot Automobile Nigerian limited (DPAN) jointly owned by Stellantis Group, the parent company of Peugeot, the Kano and Kaduna state government and Nigerian billionaire, Aliko Dangote through one of his subsidiaries Dangote Industries Limited has started the assembling of vehicles in Nigeria.
The vehicles are being assembled at the new Greenfield Ultima Assembly plant which is located in the northwestern region of Nigeria. The assembly plant was built at full capacity and is said to be able to assemble 120 vehicles in a day across two shifts.