The Nigerian auto industry is on the path of growth as the government of the federation has called on stakeholders to make expedient contributions in the amendment of the auto policy tagged "Draft Automotive Policy and Nigerian Automotive Industry Development Plan (NAIDP)." This is to boost the country’s automobile manufacturing landscape.

This was disclosed by the Minister of Industry, Trade and Investment, Adeniyi Adebayo, during an event put together by the National Automotive Design and Development Council (NADDC) in collaboration with the ministry.

The National Assembly enacted the auto policy in 2018 and this was passed onto the presidency for assent. Unfortunately, the policy was sent back to the institution over concerns raised by industry experts and stakeholders.

Adebayo commended the NDDC for its steadfastness in reviewing and pushing the policy after it was initially returned. He stated that the Nigerian Industrial Revolution Plan (NIRP) was created to champion efforts of the manufacturing industry in increasing the nation’s Gross Domestic Policy (GDP). In doing this, the NIRP creates employment opportunities, reduces importation and increases exportation of Made-in-Nigeria products. He was optimistic that the automotive industry in Nigeria has the potentials to bring about socio-economic growth and development as obtainable in other African countries like Morocco and South Africa.

“It depicts the commitment of all key stakeholders towards improving the activities of the automotive sector and a strong reassurance of the governments’ industrialization drive in accordance with the NIRP.

“It is, therefore, our hope that the caliber of the people that gathered to deliberate on the review of these documents will bring to bear their wealth of experience in the industry to produce a solid document.”

Culled from https://naijauto.com/market-news/fg-seeks-stakeholders-on-auto-policy-6010