AUTO POLICY:

To give a further vent to its determination on its policy on the automotive industry, the Federal Government has granted licenses to 12 firms to assemble different brands of vehicle in Nigeria
The approval which was conveyed through the National Automotive Design and Development Council (NADDC) is for the establishment of 12 new vehicle assembly plants in the country.
This is contained in a document made available by the spokesman of NADDC, Mr Bello Rasheed, in Abuja on Monday.

To give a further vent to its determination on its policy on the automotive industry, the Federal Government has granted licenses to 12 firms to assemble different brands of vehicle in Nigeria
The approval which was conveyed through the National Automotive Design and Development Council (NADDC) is for the establishment of 12 new vehicle assembly plants in the country.
This is contained in a document made available by the spokesman of NADDC, Mr Bello Rasheed, in Abuja on Monday.
The document stated that the benefitting companies are automobile manufacturing giants such as Toyota, Honda, General Appliances West Africa, Perfection Motors Company, and Richbon Nigeria.
The others are R.T. Briscoe Nigeria, Nigeria-China Manufacturing Company, Nigeria Sino Trucks, Coacharis Motors, DAG Motorcycle Industry Nigeria, Globe Motors Nigeria, Century Auto-Assembly Nigeria, and Concept Auto Centre.
The plants are expected produce a wide range of automobile products such as sport utility vehicles (SUVs), passenger cars, pickup vans, buses, tricycles and motorcycles, among others.
The document also indicates that the companies, with their corporate offices in Enugu and Lagos, have started making arrangements to begin operations.
According to the document, the commencement of operations by the new licensees will bring the current total number of automobile assembly plants in the country to 45.
It stated that there were 15 assembly plants in the country before the National Automotive Industry Development Plan (NAIDP) was launched in 2014, but only three were operational.
While stating that 18 additional vehicle assembly plants were set up after the NAIDP came into being in 2014, the document stated that the plants were in different stages of completion.