The National Automotive Council on Tuesday said 30
vehicle manufacturing plants would soon commence
operation in the country..
The Director, Policy and Planning, Mr Lukman Mahmud,
made the disclosure in an interview with News Agency of
Nigeria (NAN) in Abuja.
He said the Federal Government was working toward
facilitating the production of vehicle components at
competitive prices through the Nigerian automotive
industry and to create employment opportunities.
Mahmud explained that prior to the pronouncement of
the National Automotive Industry Development Plan in
2013, Nigeria had 14 existing plants across the nation.
“The protection and incentives provided to the industry
under the new policy persuaded 16 companies to
establish assembly plants,” he said.
Mahmud added that the motor assembling companies
would come in with complete and semi-knock-down
vehicles.
He said Peugeot Automobile Nigeria, Leyland, Fiat,
Volkswagen and Mercedes were the complete Knock-
down assembling plants that were forced to shut down
due to the influx of imported cars or and second hand
vehicles otherwise called “Tokunbo”.
Mahmud said the idea of Semi-Knock-Down and
Complete Knock-Down import was to address the
demand from the automobile market due to eventual
hike on tariff and levy of imported fairly used cars.
The director said the policy made provision for high
patronage from government and Credit Purchase
Scheme.
He explained that under the credit purchase scheme,
middle class Nigerians would buy cars at affordable
prices and pay back within 36 to 46 months and at single
digit interest.
He added that modalities were being worked out with all
stakeholders in the sector to curtail smuggling of used
cars.
Mahmud said that when stability was achieved and the
demand from market met, the manufactures would buy
the component parts locally.
“Plans are in top gear to revive the auto glass company in
Ibadan, car seat company at Kaduna, Nocaco Auto Wires,
exhaust pipes and many more parts and consumable
producers in the country,” he said.
The director told NAN that the council had established
material testing laboratory in Zaria, Kaduna State;
components testing laboratory in Enugu and emission
testing laboratory in Lagos.
“All these are to ensure that the components to be
produced are of international standard,” he said.
Mahmud said that a critical element of the policy was
under legislation at the National Assembly to avoid
policy somersault and protection of the investors in the sector - NAN. Source: Reno Omokri www.twitter.com/renoomokri More Good News About Nigeria: 30 vehicle manufacturing plants take off in Nigeria http:///xZaoPxDHuW

www.vanguardngr.com/2014/07/30-vehicle-manufacturing-plants-take-soon/

Up Naija. I Am Proud to Be Nigerian. Proud to be Black. Naija even in my Next life.

Great one.

Cant wait till 2025,when an average nigeria university student can afford a made in naija car without parental help