The Federal Government has targeted an annual revenue of over ₦60 billion from the End-of-Life Vehicle (ELV) regulation project, which is scheduled to commence in October 2025.

It also assured that the ELV project is expected to develop automotive recycling, creating over 40,000 direct and indirect jobs for Nigerians.

The Director-General of the National Automotive Design and Development Council (NADDC), Mr. Oluwemimo Joseph Osanipin, disclosed this in Abuja during a stakeholders sensitisation and advocacy programme organised by the NADDC, which drew members from the Federal Road Safety Corps, the Nigerian Police, VIO, Tax Reform Officers, UNDP and others to ensure the success of the project.

Osanipin said that the advocacy and sensitisation program marks a pivotal moment in the nation’s collective efforts to reshape Nigeria’s automotive and environmental landscape.

He said: “The ELV Waste Recycling Regulation is more than just a policy; it is a national pathway to cleaner cities, safer roads, greener industries, and inclusive economic growth.

“This effort will not only reduce pollution and mitigate the hazards of unregulated vehicle scrappage but also create thousands of green jobs, attract private investment, and generate significant revenue for both federal and subnational governments through innovative fiscal linkages.”

He explained that at the heart of this initiative lies a circular economy vision, one where vehicles are not discarded as waste, but reintroduced into productive cycles through environmentally sound practices.

In a presentation, the Deputy Chairman of the Committee on Environment, Hon. Terseer Ugbon, said the project is expected to recycle over 800,000 tons of ferrous and non-ferrous mix annually, recycle over 1 million used batteries annually and recycle over two million used tyres annually.

He said: “We also expect it to generate over N100 billion in annual revenue from the sector and over N1 billion in value for the Nigerian economy.”

In his remarks, the Managing Director, REDIN/ DRO for Implementation of ELV programme, Dr. Fynercy Mbata, said, “Our organisation is committed to building a structured, transparent, and efficient ecosystem for ELV recycling, from collection and deregistration, to dismantling, material recovery, and reintegration.

He stressed, “To achieve this, we rely on strong inter-agency collaboration, regulatory support, and enabling fiscal policies. We recognise and deeply value the roles of every stakeholder here: From tax authorities who will help design incentives and block leakages to enforcement and regulatory bodies who will ensure compliance and system integrity, to development partners who provide technical and financial support.

“And to investors and recyclers who will bring this vision to life on the ground. Let me emphasise that this is a multi-stakeholder enterprise. Success will depend on synergy, purpose, policies and practices. Together, we can build a nationally integrated ELV management system that is not only environmentally responsible but also economically transformative.”

He applauded the NADDC for the opportunity to contribute to the national initiative and reaffirm the DRO’s unwavering commitment to transparent implementation, stakeholder collaboration, and innovation-driven results.