[dropcap]T[/dropcap]here is hope that the Nigeria Auto policy will yield the desired result within a short time as the African Association of Automotive Manufacturers has expressed optimism about the emergence of a vibrant automotive industry in Nigeria soon.
The Chairman of the Association, Mr Jeff Nemeth disclosed this to State House Correspondent recently while addressing on the outcome of their meeting with President Muhammadu Buhari in the Presidential Villa in Abuja.
He said, “our focus is on driving investments not only in the industry but also in infrastructure, skills development to boost job opportunities in Nigeria and the promotion of investor- friendly regulatory frameworks that provides stability and sustainability in industrial development such as automotive.”
”The discussions we had with the minister as well as His Excellency the President,” he explained,” we believe, will lead to future engagements, which allow us to see an emergence of an automotive industry in Nigeria. We are encouraged by the development.”
He stressed that the association would ensure stability and sustainability of development in the country through investor’s regulatory framework.
Nemeth said, the association had impacted positively on the economies of some African countries such as South Africa where the industry has employed nearly 70,000 people and expressed satisfaction at the discussion with the Nigeria government,’ adding that,” it would likely lead to a vibrant automotive industry.”
— FMITI Nigeria (@TradeInvestNG) August 21, 2016
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