While those who killed our farmers earning
capacity and industries through their
CLUELESS importation of everything
including rice, milk, sugar and other
Essential Commodities (Essenco) through
the Nigerian National Supply Company
(NNSC) are fulfilling their promise of
"monkeys & baboons soaked in blood", the
Jonathan/Sambo team is slowly but STEADILY
REVIVING those moribund sectors
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Peugeot Automobile Nigeria Limited is
consolidating its leadership in the nation's car
manufacturing sector with the launching of the
Peugeot 301 in commercial quantity in Nigeria,
an official of the company has said.
The Managing Director of the company, Mr
Ibrahim Boyi, said the company was in full
support of the government's Automotive
Industrial Development Programme and had
designated about 24,000 square metres within
its premises in Kaduna State for the Local
Components Park.
Representatives of the Federal Government
and the management of the Peugeot
Automobile Nigeria, on Saturday, had a feel of
what the vehicle looked like, as they were
taken round the park to inspect the Peugeot
Components Auto Cluster Park.
The Automotive Industrial Development
Programme is aimed at promoting local
automobile production and reducing the
importation of used cars.
Nigeria spends the sum of 4.2 billion Naira on
importation of vehicles in 2010 alone and
higher figures in 2011 and 2012.
Importation has continued to increase,
boosting the economies of countries
where the vehicles are manufactured
while the indigenous automobile
companies have continued to face low
patronage.
To tackle this challenge, grow the Nigerian
economy and create more jobs, the
Federal Government of Nigeria introduced the
automotive policy that would support the
establishment of automobile companies in
Nigeria and the revival of the metal steel and
tyre manufacturing industries. This has started
yielding some results.
The manufacturing of the Peugeot vehicle has
placed Nigeria in the league of automobile
producing countries.
At the launch of the site for the automotive
cluster pack and flag-off of local production of
Peugeot vehicles in Kaduna, the Minister of
Commerce Trade and Investment, Olusegun
Aganga, said that the government would
ensure that the automotive policy would not
only be implemented but sustained beyond
the present administration.
"The automotive industry development plan
took account of the problems that led to the
collapse of the industry in the past and was
developed after extensive consultations with
the executives of the existing local auto
manufacturers. That is why we plan to
establish auto-skills and auto-companies
parts in three parts of the country, " he
said.
Mr Aganga further said that the
government would launch a vehicle
financing scheme to make funds
available to Nigerians for the purchase of
made in Nigeria vehicles under the new
automotive policy.
The Minister said that the scheme would be
launched within four months and would
involve the collaboration of local and foreign
banks.
The former head of state, General
Yakubu Gowon, lamented that
indigenous automobile company, which
used to be Nigeria's pride in the global
auto-industry, had been neglected by
successive governments.
"I hope that Nigerians will like to patronise this
more than ever before and I hope that there
would be no government policies that would
short change the automobile companies in the
future," General Gowon said.
The automobile company was able to
commence production within the shortest
period after the approval of National
Automotive Development Plan, a development
that confirms the company's leadership role in
the Nigerian automotive industry.
The unveiled Peugeot 301 was made from over
120 years of automotive experience in the
traditional Peugeot style of safety, comfort and
strength.
Over the next six to twelve months, the
company has promised to roll out the Peugeot
508 and 408 models while hoping that the
Federal Government will ensure the
implementation and compliance of the
automotive policy.
As Nigerians await the commencement of the
policy, industry players have emphasised
that the policy would be a mere mirage if
the companies are not supported to pick
up or protected from the influx of used
cars into Nigeria daily.
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