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Made-in-Nigeria vehicles to roll out next month – FG

By on May 17, 2014

The Federal Government on Thursday announced plans for the massive roll out of made-in Nigeria vehicles from next month.

The Minister of State for Industry, Trade and Investment, Dr. Samuel Ortom, stated this when a delegation from Automobile Peugeot, France led by its Vice President, Mr. Yves Moulin, visited him at the ministry’s headquarters in Abuja.

Ortom said following the commencement of the new auto policy, the Federal Government had received a lot of interest from vehicle manufacturers.

This, according to him, is a demonstration of the confidence that investors have about the new auto policy.

As a way of sustaining the policy, he said the Federal Government would be reviewing it periodically to make it more effective.

The minister said, “The automotive policy is derived from the National Industrial Revolution Plan, and we are happy with the response we have been getting from the automotive industry worldwide; and with your coming, it shows that this policy is working.

“When the policy was introduced, people criticised it and most of them do not understand the benefit of the policy. We have had several stakeholders from the automotive industry approaching us to set up assembly plants and spare parts plants in the country.

“I want to assure up you on behalf of the government that we will do everything to make sure the policy succeeds.”

Also speaking at the meeting, the Managing Director, Peugeot Automobile Nigeria Limited, Mr Ibrahim Boyi, said the company would be unveiling its first set of locally assembled vehicles in June.

He said the move was part of efforts aimed at supporting the new auto policy of the Federal Government.

Boyi said the full implementation of the new auto policy would revolutionise the growth and development of the nation’s industrial sector.

For instance, he said as a result of the policy, the management of the company had decided to resuscitate its assembly plants in order to meet the huge demand for locally manufactured vehicles.

The PAN boss said, “The leadership of AP France is here and this is the commitment of the leadership to the Nigerian market.

“With the development of the new auto plant, we have received tremendous support from AP France and they have shown a lot of commitment to support the policy and in that respect, we have already outlined technical activities to commence assembly operations in Nigeria as a result of the new policy.

“We are hoping that our first assembly cars will come out from our plants by June this year.”

Also speaking, Moulin commended the Federal Government for coming up with the policy as it would help to stimulate investment in the auto industry.

“There is a huge potential in Nigeria; you have a very young population, talented and educated people. With this and with the good regulation to build the local industry, and with a clear vision, we will be able to add value, create employment and attract suppliers,” he said.

 

 

[Punch]

3 Comments

  1. Priceless Prince

    May 17, 2014 at 2:11 pm

    Which car are they building in Nigeria, France has come to take what the left behind during the time of invading our economy in the 18th centuries, is a shame that our leaders are still stuoid after the great history we read and saw with our two nicked eyes. They are coming to build a third class car for Nigeria, why dont you start with electronic, when the wont to build they do the good ones to them selfs and write export only to third world countries like Nigeria, and I have travelled a little and came across a lady who has a strong hand in most big company who told me some little story please we shoukd be wise at this age.

    • Anonymous

      May 18, 2014 at 1:30 am

      Why must you be so stupid and support a stepping stone to good things in Nigeria! I don’t have the time to go off at you but you should know that irrespective of your misinformation about cars, for a country that builds no cars at all, an electric car is far fetched, hence this current project is just as good.

      • Msuty

        May 18, 2014 at 3:12 pm

        He means electornics not electric cars. tsk tsk