BrandArena: KIA, Dana Motors Signs Deal To Build Assembly Plant In Nigeria

Friday 21 February 2014

KIA, Dana Motors Signs Deal To Build Assembly Plant In Nigeria

Dana Motors Limited has signed an agreement with Kia Motors, a South Korea auto-giant, to set up a vehicle assembly plant in Nigeria within the next 2 years.

Dana Motors in showing its commitment to the development of the Auto policy in Nigeria had identified that, it will only be possible with a well equipped world class facility, in which KIA Motors Corporation (KMC) will provide the technical know-how for plant, machinery and assembly of the vehicles, restructuring its existing short term obligation to align with investment done in long term assets.

Dana said it sealed the vehicle assembly pact with the management of Kia on Tuesday, in a statement signed by its Marketing Manager, Mr. Kayode Adejumo.

Dana's Managing Director, Mr. Jacky Hathiramani said the new policy sets the stage for a new era of industrial, Micro, Small and Medium Enterprises development in the country.


  1. Nice deal. Hope to see the auto industry grow. Who knows! Soon 'made in Nigeria' cars could be invested in the next few years.

  2. Made in Nigeria cars? I doubt that for now. Most industry to suffer of constant electricity supply, infrastructural facilities and the structure that will make such dream come true in a country like ours

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