FG granting licenses to unqualified vehicle assemblers – Ex-PAN MD | The Guardian Nigeria News - Nigeria and World News

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The automotive sector remains vital TO any economy because of its huge contribution to gross domestic product, employment, skills development and linkages to other vital sectors, such as agriculture, aeronautics, space technology, food processing and others.

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The Nigeria automotive policy, NAIDP, was designed with the objectives of achieving some of the benefits above. However, poor and weak implementation of the policy by key government organs has weakened its effectiveness and undermined the achievement of the set objectives.

The Centre for Automotive Design and Development had said that nine assembly plants are currently rolling out vehicles in the country. But most Nigerians have questioned this. What is your position, especially on the number of locally made vehicles and the plants? For an effective auto industry development policy, this phase ought to be disallowed, or at best allowed to operate for less than 24 months. The main value adding phases are the SKD 1 and complete knock down phases. These phases entail significant investments in tools and equipment, skills and technology transfer and local components, through a planned and organised parts deletion programme.

Another key point is that investment in the sector will naturally be fueled by the demand or market size of new automobiles. The policy prescriptions to activate market and demand for new automobiles, such as the vehicle acquisition finance, government patronage and control of smuggled vehicles, have not been implemented. This has dampened the new vehicle market in favour of the used vehicles.

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