FG woos new automobile investors, promises fresh support

FG woos new automobile investors, promises fresh support

Nigeria has significant opportunities for investors in automotive industry as Africa’s largest market in the sector, Director General of the National Automotive Design and Development Council (NADDC), Mr. Jelani Aliyu, has said.

He said the council and by extension the Federal Government would give the needed support and the right environment for genuine investors to grow in the business going forward.

The DG stated this at the 17th Lagos Motor Fair incorporating 10th Autoparts Expo Africa & Motorcycle/Tricycle fair held at the Victoria Island, Lagos.
Represented by a Deputy Director in the council, Felicia Oyebolu, the DG stated that “the Council in a bid to develop and promote advanced technology in the Nigerian automotive industry, is rapidly shifting attention to cardonless transport system in Nigeria.
“This is because vehicle electrification is inevitable, it is the future of automotive industry worldwide and we are working assiduously towards achieving its comprehensive and sustainable adoption in Nigeria.”

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Jelani added that “as a pilot scheme project, the Council has established 100% solar powered EV charging stations at Usman Danfodio university Sokoto, University of Lagos, University of Nigeria, Nsukka and NADDC headquarters, Abuja, and also discussing with other stakeholders for collaboration in establishing more charging infrastructure all over the country.

Chairman of the event’s organizing committee, Managing Director, BKG Exhibitions Limited, Mr Ifeanyichukwu Agwu, said, “This edition of the all-inclusive Automotive Event is holding despite all odds, with the high hope and enthusiasm that the new administration in Nigeria, will give the industry the needed attention and action that will take us to the desired height. This it should do urgently so that we will not lose more ground in the industry to Ghana and other neighbouring countries.

“I urge the new government to ensure that the automotive sector of the Nigerian economy remains in the front burner of its economic policy and programmes from the onset; having in mind the way change of administration usually play out on ongoing policies of the preceding administration; as attested by what happened to the National Automotive Industry Development Policy/Programme [NAIDP], after the regime change in 2015.”

The four-day event witnessed the participation of both international and local players in the automotive industry.

FG woos new automobile investors, promises fresh support