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Corporate News: Young Nigerian Entrepreneur Launches African-Made Vehicle Assembly Plant

 

In a groundbreaking development for the Nigerian automobile industry, Oluwatobi Ajayi FICA, a 36-year-old entrepreneur, has unveiled Nord Automobiles Limited, a pioneering venture aimed at producing African-made vehicles.

Ajayi, renowned for his entrepreneurial acumen, has successfully established an assembly plant in Nigeria, signaling a significant stride towards promoting indigenous automotive manufacturing. Despite prevailing challenges within the industry, Ajayi’s vision and determination have propelled Nord Automobiles Limited to the forefront of innovation.

Before venturing into the establishment of Nord, Ajayi co-founded Jetvan Automobiles Limited, a prominent authorized dealer of Mercedes-Benz Sprinter vehicles in Nigeria. His illustrious career commenced at Mercedes-Benz Nigeria, where he swiftly ascended to the position of Head of the Commercial Vans division at the remarkable age of 24.

In 2015, Ajayi spearheaded the formation of Jetvan, an enterprise that boasts an impressive annual sales volume of over 500 vehicles. His entrepreneurial journey underscores a relentless commitment to excellence and innovation within the automotive sector.

Nord Automobiles Limited’s state-of-the-art manufacturing plant currently produces a diverse range of vehicle models, including the Nord Flit, Nord Max, Nord A3, Nord A5, Nord Demir, Nord Tank, Nord Tusk, Nord Tripper, and others. This ambitious endeavor not only showcases Ajayi’s visionary leadership but also underscores Nigeria’s potential to emerge as a hub for automotive innovation on the African continent.

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