The Nigerian government plans to commence local manufacturing of vehicles in the next ten years.
Minister of Industry, Trade and Investment Doris Uzoka-Anite disclosed this on Friday at the launch of the Nigeria Automotive Industry Development Plan.
The Minister stated this on Friday while launching the Nigeria Automotive Industry Development Plan at a gathering that was attended by stakeholders drawn from the private and public sectors.
According to her, the country can produce vehicles, including motorcycles, tricycles, sedans and heavy trucks.
The Minister noted that the goal was to cut down on the cost of purchasing vehicles in the country.
“Nigeria can produce its 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, and heavy-duty trucks.
“With this plan, we should see Nigeria fully producing its own vehicles within ten years. Our goal is to reduce the cost of purchasing a vehicle for the average Nigerian,” he said.
In his remarks, the Director General of the National Automotive Design and Development Council, Joseph Osanipin, stated that the policy proposed to help actualise the plan was a five-year tax holiday for assemblers of vehicles in Nigeria.
