The Federal Government, in a bid to ensure the successful implementation of its recently approved National Automotive Industry Development Plan, said it would encourage local auto manufacturers to produce less expensive models with price range of between N1.2m and N1.5m.

It also said it would collaborate with auto manufacturers, franchise holders, reputable motor dealers and selected banks to put in place an all-inclusive domestic dealership network through which a user-friendly vehicle purchase scheme could be funded by the National Automotive Council.

These are contained in a statement issued on Sunday by the NAC and obtained by our correspondent in Abuja.

The statement said, “Under market development, the NAIDP anticipated that higher-end expensive models will still be imported into the country in the initial stage, but the new strategy is to encourage local auto manufacturers to focus primarily on lower-end less expensive models with price range of between N1.2m and N1.5m; which is affordable to the middle class, coupled with other finance options.”

The statement added that the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, had constituted two committees to ensure seamless implementation of the recently approved automotive plan.

For more: http://www.iamnigeria.net/2013/12/made-in-nigeria-vehicles-to-sell-for.html

N o n s e n s e

Brimmie:

oga why you dey book space 4 evry topic at this time of the nite, shey u be winch niii?

I wonder how the quality, durability and reliability of such cars sold at 1.2 - 1.5m brand new will be.

fg we are tired of all these scope joor

We don hear am nah.

Is 1.2Million cheap? Nigeria i fear oo, the wey una dey call money for that country without respect sef when nobody pays taxes ..i no blame una

that awkward moment when a tokunbo vehicle sold for 800k lasts longer and is more efficient than a brand new vehicle sold for 1.5 mil #that's what we are about to experience

I knw with this kind of policy the middle class in this nation will hv cause to smile... Its a wondaful development by bro GEJ.

I guess pple re just nt interested on this topic... because the dedicated nairalanders have woken up since...
Even if you pple are nt interested someone should start a fight pls. Not wif me ooo.
Thou i wont respond, no matter.

nah who wan enter the car

This I agree is a great news to behold. Kudos to FG

let govt set the pace ,they shd buy n use the made-in-niaja vehicles, then Nigerians can see the seriousness of their plan

Truth is i'll still prefer to buy a tokunbo camry for 1.2 than one of those chinese brand new vehicles produced by innoson,

Even though its 5 naira,i wouldnt buy,i would gladly choose a bicycle,made in nigeria is always made in nigeria,pls my brothers and sisters dont jeopardize ur life trying to be patriotic,when we get to that stage we will know,for now Niyet

I won't sacrifice quality for anything. Mercedes Benz all the way!

Techno version of naija automobiles... Lets wait and see

This is good but less talk and more action would be better

maintenance in 2years later will cost 2million naira . You will just be driving the next thing one of your tires will pop out of the car and start running faster than the car. Cos of careless ness

Ok

Super story

lomomike: I wonder how the quality, durability and reliability of such cars sold at 1.2 - 1.5m brand new will be.

. Is it the cost of a car that determines its durability?

[quote
author=ebamma]Truth is i'll still prefer to buy a tokunbo camry for 1.2
than one of those chinese brand new vehicles produced by
innoson,[/quote]make ur garri sweet u

lomomike: I wonder how the quality, durability and reliability of such cars sold at 1.2 - 1.5m brand new will be.

Nigerian problem! meanwhile you can't even afford a tricycle

1.5 million Naira Car..

Lemme guess the spec;

1. No Power mirrors
2. No power lock
3. No automated seats
4. No Cruise Control
5. No CD player (just FM radio)
6. No leather nor Fabric seats, just Nylon seats.
7. No Power windows
8. only comes in V4 engines
9. No sunroof
10. Push-to-Start ignition (Pun intended)..
11. No Air-bags..
12.




iKid, iKid...

cute1bliss . Is it the cost of a car that determines its durability? undecided

Abeg bring car of 50k first, make we see how long e go last