NADDC Seeks Investment to Unlock Nigeria’s Auto Industry
By Oluwakemi Kindness The National Automotive Design and Development Council, NADDC says, Nigeria can unlock greater economic value from its automotive industry if government and private investors deepen collaboration and expand local manufacturing. The council made the call in Abuja on Thursday during a capacity-building workshop for members of the Commerce and Industry Correspondents Association […]
Nigeria Auto Plants Operate at 5% Capacity as Tokunbo Dominates
By Oluwakemi Kindness More than 30 automotive assembly plants in Nigeria are operating at just 5% of their combined capacity as imported used vehicles, popularly known as tokunbo, continue to dominate the market. The situation has left about 570,000 units of potential annual production unrealised, according to the National Automotive Design and Development Council (NADDC). […]
NADDC Seeks Legislation for Automotive Industry to Attract Investors
By Oluwakemi Kindness The Director-General of the National Automotive Design and Development Council (NADDC), Joseph Osanipin, says the Federal Government is taking steps to convert the National Automotive Industry Development Plan from a policy framework into legislation to provide legal certainty and attract long-term investment into Nigeria’s automotive sector. Osanipin disclosed this on Monday during […]