-2.1 C
New York City
Sunday, May 26, 2024
Home NEWS Nigeria FG Begins Auto Policy Review - NPA Boss 

FG Begins Auto Policy Review – NPA Boss 

[dropcap]T[/dropcap]he federal government has begun a review of the auto policy, which came into being in the former administration, says new Managing director of the Nigerian Ports Authority (NPA), Hadiza Usman 

Mrs. Usman, during a tour of the Tin can Island Seaport, Kirikiri Lighter Terminal and NPA Dockyard in Lagos, last week, stressed the need to re-assess the policy, an action she claimed was already ongoing.

She stated: “We are discussing with the Federal ministry of Trade and Industry and Investment regarding where we are, following the auto policy, because FGN needs to review some of its policies to determine the benefits that will accrue to the government following the period of implementation.”

The auto policy was introduced in 2013 to encourage local manufacturing of vehicles and to discourage importation of cars as well as the gradual phase out of used cars, known in Nigeria as Tokunbo.

“There has been a period of implementation of the auto policy,” she pointed out. “There is a need to take a re-look at to determine the opportunities lost by the FGN, vis-à-vis, the automotive industry. This is ongoing.”

Hadiza Bala Usman
Hadiza Bala Usman

The new Ports authority boss, whose appointment came into effect in last June, vowed to sustain discussion on the crucial matter to ensure that in timely manner that the government concludes its assessment of the policy and takes a new decision on the way forward as it relates to the revenue being lost within the Authority and also development of the auto industry itself.

Last June, while speaking in Lagos, Okechukwu Enelamah, Minister of Trade and Industry and Investment, said the federal government would not reverse the auto policy.

“We will build on what has been done,” assured the Minister. “And we want stakeholders to tell us what they want us to do to enable the policy work.”

©Copyright MOTORING WORLD INTERNATIONAL.
All rights reserved. Materials, photographs, illustrations and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior written permission from Motoring World International

Contact: [email protected]

Most Popular

Osanipin Bags Courageous Leadership Award, Commends President Tinubu on CNG Adoption

The Director General National Automotive Design and Development Council (NADDC) Mr Oluwemimo Joseph Osanipin has been conferred with "Courageous Leadership Award" in view of...

Nigeria to Begin Emission Test on Imported Vehicles

The Federal Government of Nigeria has concluded plans to start conducting emission tests on vehicles imported into the country. Dr Yakubu Baba, Registrar, Environmental Health...

Global Oil Prices Fall For Fourth Consecutive Session

Oil prices fell for a fourth consecutive session on Thursday and settled at multi-month lows as the prospect of higher-for-longer U.S. interest rates raised...

Kia Unveils Compact Electric SUV with Big Ambitions

Kia Corp launched on Thursday the company's first compact electric sports utility vehicle built on its dedicated EV platform, betting it can win over buyers...