The Nigerian government plans to commence local manufacturing of vehicles in the next ten years.

Minister of Industry, Trade and Investment Doris Uzoka-Anite disclosed this on Friday at the launch of the Nigeria Automotive Industry Development Plan.

The Minister stated this on Friday while launching the Nigeria Automotive Industry Development Plan at a gathering that was attended by stakeholders drawn from the private and public sectors.

According to her, the country can produce vehicles, including motorcycles, tricycles, sedans and heavy trucks.

The Minister noted that the goal was to cut down on the cost of purchasing vehicles in the country.

“Nigeria can produce its vehicles. We have the raw materials, we have the skills, we have a market, and now we have a plan that can help us produce our vehicles.

“These vehicles include motorcycles, tricycles, sedans, and heavy-duty trucks.

“With this plan, we should see Nigeria fully producing its own vehicles within ten years. Our goal is to reduce the cost of purchasing a vehicle for the average Nigerian,” he said.

In his remarks, the Director General of the National Automotive Design and Development Council, Joseph Osanipin, stated that the policy proposed to help actualise the plan was a five-year tax holiday for assemblers of vehicles in Nigeria.


He said, “Through such fiscal initiatives, there is a deliberate focus on backward integration and component production.”

The development comes as vehicle imports climbed by 226.46 per cent to N1,063 trillion in 2023 from N325. 05 billion in 2022, according to data from the National Bureau of Statistics.

Chicagograduate:
No be by mouth.Una get light?

helinues:


Make una dey calm down to read news before commenting.

Are they talking about electric vehicles here?

Chicagograduate:
They all need electricity

helinues:




Admit you goofed with that early comment.

ldab:
They did civilisation started in Africa, yet we still announcing date for local cars production in 21st century

helinues:

Make una dey calm down to read news before commenting.
Are they talking about electric vehicles here?

nairalanda1:


The problem is that to produce cars we need an industrial economy and free markets

Most of you don't like free markets so here we are.

Also, we need a lot of people trained in vocational and technical education to make.ot work

But most of you want to go to university and get degree so...

CodeTemplar:
be shouting free market. Can you carry your snail or beans to USA, UK or Russia to sell freely? They will skillfully reject it and you are here carrying their ideologies they don't practice but preach on your head like gala and dreadlocks.

ogododo:
The Nigerian government plans to commence local manufacturing of vehicles in the next ten years.


Minister of Industry, Trade and Investment Doris Uzoka-Anite disclosed this on Friday at the launch of the Nigeria Automotive Industry Development Plan.

The Minister stated this on Friday while launching the Nigeria Automotive Industry Development Plan at a gathering that was attended by stakeholders drawn from the private and public sectors.


According to her, the country can produce vehicles, including motorcycles, tricycles, sedans and heavy trucks.

The Minister noted that the goal was to cut down on the cost of purchasing vehicles in the country.

“Nigeria can produce its vehicles. We have the raw materials, we have the skills, we have a market, and now we have a plan that can help us produce our vehicles.


“These vehicles include motorcycles, tricycles, sedans, and heavy-duty trucks.

“With this plan, we should see Nigeria fully producing its own vehicles within ten years. Our goal is to reduce the cost of purchasing a vehicle for the average Nigerian,” he said.

In his remarks, the Director General of the National Automotive Design and Development Council, Joseph Osanipin, stated that the policy proposed to help actualise the plan was a five-year tax holiday for assemblers of vehicles in Nigeria.


He said, “Through such fiscal initiatives, there is a deliberate focus on backward integration and component production.”

The development comes as vehicle imports climbed by 226.46 per cent to N1,063 trillion in 2023 from N325. 05 billion in 2022, according to data from the National Bureau of Statistics.





https://dailypost.ng/2024/03/30/nigerian-govt-announces-date-to-commence-local-vehicle-manufacturing/

jazzman7711:


WHAT NONSENSE IS THIS?

How in the hell is it the government’s job to manufacture vehicles?

And why are they talking as if we don’t already have indigenous firms that build cars and buses and trucks, including armoured personnel carriers here in Nigeria?

What sort of rubbish is this?

I’ve never seen where a government says they are going into vehicle manufacturing, not even in communist Russia or China!

Chicagograduate:
No be by mouth.Una get light?

reiddecuti:
Only if Nigeria government will shun tribalism, ethnicity, religion, nepotism, bigotry, Nigeria would have been a new hub of technology not only just in Africa but the whole wide world.

RenaissanceGuy:
The ones being manufactured by Innoson and Nord are what?? Toys??