HALF TRILLION NAIRA INVESTED BY PRIVATE AUTOMOTIVE COMPANIES IN NIGERIA

As a result of NADDC's unrelenting efforts, over half a trillion naira, i.e. over N500 billion has been invested by credible Nigerian and international companies in setting up factories towards the development of the nation's automotive sector: companies such as Dangote-SinoTrucks, Innoson, PAN, Cherry, Peugeot, Stallion Group, Hyundai, Honda, Elizade, Lanre Shittu, JAC, Kojo, Nord, Omaa, Vistar, Jet Systems, National Trucks Manufacturers, GAC, Kia, Mikano/Geely.

The Council's Board Chairman, Senator Osita Izunaso, together with Board Members, Mr. Tokunbo Aromolaran, Dr. Nankin Bagudu, Engr. Emmanuel Kwaya, Reverend Lambert, Dr. Obi, and Director General/CEO Jelani Aliyu, early this week toured a number of these factories.

These commited companies are now actively producing/assembling vehicles in Nigeria. They have a combined installed capacity to produce over 400,000 vehicles per year. And this capacity is not only made up of fossil fuel powered vehicles: recent developments have seen the start of Electric Vehicles assembly in Nigeria with the Hyundai Kona EV, and the test run of the Jet Systems Electric Van.

So, fundamentally, the Nigerian Automotive sector can produce 400,000 vehicles per annum, what the nation needs is Nigerians to buy that number of these locally produced/assembled vehicles instead of spending money on 400,000 second hand imported vehicles that have been used and dumped by other counties.

https://m.facebook.com/story.php?story_fbid=4129594487138581&id=847881185309944

At what cost?
Only 0.000001% of Nigerians can afford brand new cars.

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Its a good development if its true

INNOSON alone will manufacture 98.3452% of that figure.




Every Nigerian is aware of this.

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Unfortunately, govt's contribution to this is almost zero. This development, if it is true, is just the effort of private individuals. They sourced everything themselves and even power that should have been contributed by the govt is no where to be found.

That would be great, however which roads will all the cars be ridden on?

Good development in the auto industry... But i look forward to a fully automated vehicle manufacturing plant here in Nigeria.

Kudos to Innoson and proforce
Can't wait to see more of Innoson in our roads.
Only if we would patronize our own like Ghanaians drive kantanka

Renewable energy cars or junks?

Audio manufacturing

Yea Accidented Car remodelled...

I will buy if it's not expensive...

That's good... But is that enough?!?

How many Nigerians can afford those cars?!!

How many Nigerians are interested in buying those cars?!!

How do these cars compare in quality to known foreign models?!!

This nation is overdue for some good level of self sufficiency... Food production; Fuel production; Exportation, tourism.

Too many comedies but not enough happiness to laugh

Wow..... Ah How can one of the country producing best iron not have common knife production factory ..... Kudos to those in charge

I pray

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produce for who na?

In this hunger capital of the world?

Is there any car they produce that's less than 3m?

APC is working

Stop media hype, produce the vehicles first before you go frenzy.
All APC knows is paper talk no action.

hahahahahaaaaaaaaaa
assembled in nigeria but the price is still foreign. what a country

and all those indian faces i am seeing there. I hope they respect and pay our Nigerians very well and this is not one of the many slave labour camps we read about on nairaland

inoki247:
Yea Accidented Car remodelled...

Haba!

Only few manufacture, others assemble.

You can get a brand new car in China for N3m, can you get that here?