FEC okays purchase of 200 electric buses for NADDC

The Federal Executive Council has part of broader industrial and automotive sector reforms, approved the purchase of 200 electric buses for the National Automotive Design and Development Council (NADDC).

The approval was announced on Wednesday by the Minister of State for Industry, Trade and Investment, Senator John Enoh, while briefing State House correspondents after the FEC meeting presided over by President Bola Tinubu in Abuja.

“The first memo that was considered and approved was the award of a contract for the supply of 200 units of electric buses at the cost of N58 billion for the National Automotive Design and Development Council,” Enoh said.

He explained that the project aligns with the administration’s strategy to strengthen Nigeria’s automotive ecosystem while promoting cleaner energy solutions and industrial expansion.

Nigeria industrial policy 2025 approved

Enoh described the approval of the Nigeria Industrial Policy 2025 as the most consequential outcome of the FEC meeting.

“The Nigeria Industrial Policy 2025 was finally approved today, and it provides the framework that will guide industrial growth and development,” he said.

He noted that the absence of an updated industrial policy had previously hindered international partnerships and donor engagement.

“Many of our development partners would not even listen to us because there was no industrial policy, so this approval is extremely significant,” Enoh added.

He said the policy directly supports President Tinubu’s economic diversification agenda under the administration’s eight-point policy framework.

Lekki medical tourism park, trade fair hosting approved

On trade and investment matters, Enoh disclosed that FEC approved the construction of internal and access roads within the Lekki Medical Tourism Park in Lagos.

“The approval for the construction of internal and access roads within the Lekki Medical Tourism Park was granted,” he said.

He also confirmed that the council was formally briefed on Nigeria’s selection to host the Intra-African Trade Fair (IATF).

“Nigeria has officially been selected to host the Intra-African Trade Fair after a competitive bidding process,” Enoh stated.

Lagos chosen as host city

According to the minister, Lagos will host the trade fair, with the Lagos Creative and Cultural Centre (former National Arts Theatre) designated as the main venue.

He said hosting the IATF strengthens Nigeria’s strategic position within the African Continental Free Trade Area (AfCFTA) framework and complements ongoing industrialisation programmes being implemented in collaboration with the United Nations Industrial Development Organisation (UNIDO).