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Home NEWS Nigeria AUTO POLICY: Federal Government to Act Soon - NADDC

AUTO POLICY: Federal Government to Act Soon – NADDC


[dropcap]T[/dropcap] [dropcap][/dropcap]he worried public has been asked to exercise a little more patience concerning the stalemated implementation of the Auto Policy, as the Federal Government is said to be working out conducive environment that will encourage inflow of OEM Investments to complement effort of Nigerian entrepreneurs.

The Director, policy and Planning of The National Automotive Design and Development Council(NADDC), Luqman Mamudu hinted this to Motoring World International, Tuesday.

In an open commendation letter to the management of Motoring World International, Mr. Luqman said, “There is a lot of ground work going on with government as we speak” hinting that, “A very conducive investment environment is being worked out to encourage inflow of OEM investments to complement effort of Nigerian entrepreneurs.”

Mr. Luqman is delighted to applaud the effort of firms like SCOA, IPI, Coscharis, Toyota Nigeria, Dana Motors, The lee Group, Honda West Africa Automobile (HAWA), Innoson Vehicle manufacturers, Stallion Group, NTM Kano, Leyland Ibadan, Styre Bauchi, Anammco Enugu, PAN Kaduna and many more” saying “they should be applauded for their initiative, courage and losses.”

The NADDC director, however, intimated that there’s an ongoing review of the National Automotive Industrial Plan geared to give the industry momentum to impact on the economy better.

“The ongoing review of NAIDP will definitely give the industry traction for deeper impact on the economy,” he avowed.

Mr. Luqman however is full of praises for all and sundry for their understanding and encouragement shown government so far and advised for more patience and hope from the general public.

The Automotive Policy is suffering non implementation since inaugurated nearly three years ago which has brought untold hardship on the Auto Industry.

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