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Stakeholders urge speedy review of automotive sector plans

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Relevant stakeholders in the automobile sector have sustained calls on the Federal Government for a speedy review of the proposed National Automotive Industry Development Plan (NAIDP) bill.

The bill, when passed into law, will attract Foreign Direct Investment (FDI), curtail the dependence on importation of vehicles, and promote local production of automobiles.

At present, there are nine auto manufacturing companies currently assembling vehicles in Nigeria.

The Director-General, National Automotive Design and Development Council, Jelani Aliyu, recently gave the names of the firms assembling vehicles in the country as Peugeot Automobile Nigeria, Nissan Motors, Honda Motors, Innoson Vehicle Manufacturing Company, Hyundai Motor Company, Ford Motor Company, GIC Motor Companies Ltd, JAC Motors and Kia Motors.

But stakeholders, who spoke to The Guardian, said speedy review of the bill will bring in more players in the industry.
Only last week, the Federal Government granted licence to an indigenous Power Solution provider, Mikano Nigeria for the establishment of automobile assembling plant.

This brought to 10 auto manufacturing companies currently assembling vehicles in Nigeria.

The development is coming about two years after the council’s confirmation of its approval of 45 companies that signified interests in building vehicle assembly plants in Nigeria, following the Federal Government’s introduction of an auto policy meant to discourage importation of fully built vehicles.

The state of the art assembling plant expected to commence operation next year is located at the Karamey Industrial City, a multi-use 8 warehouses complex, occupying a 120,000sqrm space along the Lagos- Ibadan expressway.

Deputy Chief Executive Officer, Mikano, Mr. Lokman Jouni, gave the cheering news at the sideline of the grand-finale of Mikano 2018 Mega Sales Promo raffle draw in Lagos that saw “Inlaks Computers emerged star prize winner of a 50kva Mikano YORC Generator. “

He thanked the government for being supportive to ensure the actualisation of the firm’s vision of an automobile assembling plant.

He also extolled government policing for encouraging made in Nigeria products which had led to the enhancement of the firm’s businesses in the past 26 years, stressing that promised product quality service delivery.

Other lucky customers that were rewarded with instant gift vouchers worth of N250,000, 43 inches LED TV sets, Laptops, cool-links 1-year satellite internet subscription, and others came from different geographical zones like Abuja, Port-Harcourt, Kano, Mina, Gombe, Owerri.


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