Nigeria’s newly inaugurated National Economic Council (NEC) has backed the move by the National Automotive Design and Development Council (NADDC), to begin mass production of Electric Vehicles and Compressed Natural Gas-powered vehicles in the country. Addressing the inaugural NEC meeting presided over by Vice President Kashim Shettima held in Abuja recently, the NADDC Director-General, Jelani…
ROTIMI ASHER President Bola Ahmed Tinubu has been implored to restore investors’ confidence in Nigeria’s automobile industry by accelerating the passage and assenting of the National Auto Industry Development Plan (NAIDP) into law. The former Acting Director General of the National Automotive Design and Development Council (NADDC), Mr. Luqman Mamudu made this call while reacting…
In continuation of its poverty alleviation programme, the Federal government of Nigeria has established an Automotive Training Centre in Ado-Ekiti, Ekiti State. One of the 21 earmarked for the six geopolitical zones of the country, the Ekiti center was commissioned on Friday by the Minister of Industry Trade and Investment, Otunba Niyi Adebayo, who was…
In less than six weeks to the end of his tenure, President Muhammadu Buhari has approved new Import Adjustment Tax (IAT) levy on certain categories of new and used vehicles imported into the country. The new taxes, which take effect from June 1, 2023, a day after the end of Buhari’s administration, was contained in…
