Nigeria to host Int’l conference on Auto Policy in June

The Federal Government on Tuesday, put to rest speculations about the disposition of the President Muhammadu Buhari-led administration about the automotive policy introduced in 2013 by endorsing the programme.

Aminiu Jalal – Director General of the National Automotive Design and Development Council, disclosed to news mwn in Abuja that furtherance to this endorsement, the federal government is all set to host an international conference on automotive policy come June 2017.

In 2016, the Managing Director of the Nigerian Ports Authority, Hadiza Usman, had stated that Nigerian government had begun a review of the automobile policy which came into effect during the previous administration.

Ms. Usman spoke in Lagos during a tour of the Tincan Island seaport, Kirikiri Lighter Terminal, and NPA dockyard.

“We are discussing with the Federal Ministry of Trade and Investment regarding where we are following the automobile policy, because federal government needs to review some of its policies to determine the benefits that will accrue to the government following the period of implementation,” said Ms. Usman, who was appointed last July.

The automobile policy was introduced in October 2013 to encourage local manufacturing of vehicles and discourage importation of cars as well as gradually phase out used cars (popularly known as Tokunbo cars).

“There’s been a period of implementation of the automobile policy. There’s a need to relook at it to determine the opportunities lost by the federal government vis a vis the automotive industry. This is ongoing.

“We’ll aggressively sustain this discussion to ensure that in a timely manner the government concludes its assessment of this policy and takes a decision on the way forward as it relates to the revenue being lost within the Authority and also the development of the automobile industry itself.

Last June, while speaking in Lagos, Okechukwu Enelamah, the Investment and Trade minister, said the federal government would not reverse the auto policy.

“We will build on what has been done and we want stakeholders to tell us what they want us to do to enable the policy work.”

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.