By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Toyota Unveils First Produced in Nigeria Vehicle
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Toyota Unveils First Produced in Nigeria Vehicle

Farouk Mohammed
By Farouk Mohammed
Published: March 22, 2016
Share
2 Min Read
SHARE

Locally-Assembled-Hiace2-zzz-600x401

With the ‘Grow the Naira’ Hashtag going around, Toyota Nigeria Limited has made that even more poignant with their unveiling of its first locally-assembled vehicle in Lagos, a Hiace bus.

This is coming about two and a half years after the announcement of the Automotive Industry Development Plan by the Federal Government, which raised the import duty on cars from 22 per cent to 70 per cent in order to discourage vehicle importation.

With that in place, vehicle makers were given a leverage and Toyota Nigeria took advantage announcing  last year a plan to establish a vehicle assembly plant in the country to join Nissan, Ford, Kia, Peugeot and a host of other auto firms already assembling vehicles locally.

- Advertisement -

The Managing Director, Toyota Nigeria, Mr. Kunle Ade-Ojo, said the new Hiace was assembled in the company’s plant in Lagos, built with 30,000-unit production capacity every year.

According to him, the plant’s facility comprising two lines is expected to assemble mini buses, pickups and other light commercial vehicles.

The Hiace, he said, was assembled as a test case, adding that the organisation would soon begin its mass production.

Ade-Ojo said, “We need to introduce some changes to the plant so as to achieve efficiency in the operations. With the current economic situation, we are looking at starting the mass production in a couple of months.

- Advertisement -

“We are constantly training technicians and as far as the plant is concerned, we are assuring customers that we will continuously improve the assembling process of our vehicles to ensure that the vehicles meet international standards.”

Ade-Ojo said as soon as the mass production of vehicles commenced, there would be competitive prices for its products.

According to him, no automobile company is manufacturing any vehicle in Nigeria, stressing, “What everybody does is to assemble the parts. The parts are shipped in from overseas.” but it is hoped that this encourages more car manufacturers to make the cars in Nigeria.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:NigeriaToyota
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article Brussels Attacks: #StopIslam Trending worldwide as Twitter Users reacts to bombings
Next Article Brussels Attack: President Buhari Condemns Attacks, Calls For Greater Cooperation Against Terror

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 4 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Pastor Adeboye
Pastor Adeboye Shares Divine Directive: Leaving RCCG Could Lead to Tragic Loss
News
Anglican Bishop of Lafia Calls on President Tinubu to Address Root Causes of Nigeria’s Insecurity and Economic Woes
News
Egbe Bobakeye Okunrin Akile Ijebu Refutes False Claims About Queen Elizabeth II’s 1956 Visit
News
NRC Managing Director Warns Against Railway Vandalism: “We Don’t Have Scraps, We Have National Assets”
News
Tragic Head-On Collision in Jigawa Claims Nine Lives, Dozens Injured
News
- Advertisement -
Ad imageAd image

You May Also Like

Sport

Victor Osimhen Returns to Nigeria as Al Hilal Transfer Hangs in Balance Ahead of FIFA Club World Cup

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
News

Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
Mike Ejeagha
News

Mike Ejeagha, Nigerian Highlife Maestro, Dies at 95

Muhammad A. Aliyu
Muhammad A. Aliyu
June 7, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?