NESBITT investment Nigeria limited has officially taken over the management of Peugeot Automobile Nigeria limited as the core investor and plan to inject USD$150m for retooling and upgrading of the assembly line, support infrastructure and for working capital over the next three years.
” PAN under the supervision of the board shall undergo massive restructuring, and in so doing, we shall observe strict governance protocols, transparency, business integrity, efficiency and ethics in all our undertakings”. Hon. Aliyu further assured of introducing a robust car financing scheme which will be a collaboration and partnership between our dealerships and a few selected banks.
“PAN Nigeria shall be involved in the activities of the Bureau for Public Enterprise committee set up to examine the auto industry.