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Nigeria To Fully Produce Its Own Vehicles Within 10 Years As NAIDP-2023 Implementation Kickstarts
Nigeria to fully produce its own vehicles within 10 years as NAIDP-2023 implementation kickstarts.
NAIDP-2023) was signed last year with the sole aim of curtailing Nigeria’s over-dependence on importation of automobiles.
The Nigerian Automotive Industry Development Plan (NAIDP-2023) Implementation Committee was officially inaugurated on Thursday 28th March 2024 by the Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite at Bank of Industry Building, Abuja.
The new Nigerian Automotive Industry Development Plan (NAIDP-2023) was initiated in 2023 as a road map to foster the growth of the Automotive Industry in Nigeria.
Speaking at the Official Inauguration Ceremony, the Hon. Minister said plans are underway to position Nigeria as a fully-fledged vehicle manufacturer within the next 10 years.
She said :
“This moment marks a significant milestone in our collective journey towards fostering growth, innovation and sustainability within Nigeria’s automotive industry.
“Nigeria has the capacity to produce its own 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, heavy-duty trucks.
“With this plan, we should see Nigeria fully producing its own vehicles within 10 years. Our goal is to reduce the cost of purchasing a vehicle for the average Nigerian.”
In his remarks the Director General Of National Automotive Design and Development Council (NADDC) Mr. Joseph Osanipin stated that the New Auto Policy (NAIDP-2023) was signed last year with the sole aim of curtailing Nigeria’s over-dependence on importation of automobiles and to meet a significant proportion of its vehicular demand through domestic production of vehicles and components.
“The importance of inaugurating the committee is to see to proper implementation of the NAIDP-2023 and to ensure that there is inter-governmental handshake in achieving the seven pillars of the policy.”
The NAIDP-2023 Implementation Committee has the Hon. Minister of FMITI as the Chairperson. Other members include the Ministers of Finance, Transport and Environment, the Comptroller General Nigeria Customs Service and the Director General’s of NADDC and Standards Organisation of Nigeria.
The Private Sector members are representatives of Manufacturers Association of Nigeria, Nigeria Automotive Manufacturers Association (NAMA) and the Automotive Local Components Manufacturers Association.
