The Federal Government has set aside $1.3 billion (about N468 billion) from the National Sovereign Investment Fund to finance five critical infrastructure projects, among which are the second Niger Bridge, the East-West Road that links all Niger Delta states and the Lagos-Ibadan Expressway. The Minister of Information and Culture, Alhaji Lai Mohammed, disclosed this on…
The Federal Government plans to inject N300bn into the nation’s vehicle assembly plants as part of measures to accelerate the development of the automotive industry. Already, contributions into a support fund initiated to facilitate the vehicle production finance scheme have risen to N11bn. The Director-General, National Automotive Design and Development Council, Jelani Aliyu, who gave…
Africa is the final growth frontier for Ford. A well-established auto industry in Nigeria would present an exciting range of career prospects for the youth. Africa is the youngest continent and Nigeria one of the youngest markets in the world. This presents a huge opportunity in terms of the youth gaining adequate skills to ensure…
…As Osinbajo Makes Case for Vehicle Financing Stakeholders of African Auto industry have once again advised President Muhammadu Buhari to sign into law the nation’s Auto Industry Development Bill passed by the National Assembly over six months ago. A delegation of International Automotive Investors comprising Original Equipment Manufacturers and other stakeholders gave the advice at…
