Volkswagen AG expects a rebound in vehicle sales in Nigeria as the economy of Africa’s biggest oil producer recovers, the head of the company’s South African operations said, according to Bloomberg.
Sales in the West African nation dropped to less than 40 units last year, Bloomberg reports the company as saying. Nigeria was one of several African oil exporters hit hard when crude prices crashed in 2014, but the economy is recovering as oil rebounds.
“Now that the oil price has been recovering, hopefully this situation will reverse and we can assemble and see a few hundred cars in the next year or so,” Thomas Schaefer said in an interview at a conference in the Rwandan capital, Kigali.
Volkswagen resumed building cars in Nigeria in 2015, it’s first factory on the continent outside South Africa. The company is set to start producing models including the Polo, Passat and Teramont at an assembly plant in Rwanda next month.
