Automobile: 62 Firms Register To Assemble Vehicles In Nigeria
Automobile: 62 Firms Register To Assemble Vehicles In Nigeria

The Minister of Industry, Trade and Investment Adeniyi Adebayo says following the inauguration of the Nigeria Automotive Industry Development Plan, NAIDP, about 62 companies have been registered to assemble vehicles with a total installed capacity of 423,790 units.

Adebayo made this known in Abuja during the launch of Local Vehicles Assembled in Nigeria explaining that the brand were a testament to the zeal and commitment of the automotive industrial subsector to the present government efforts towards diversification and development of the non-oil sector of the economy.

He added that an actual assemblage of 10,343 units has been achieved so far in the same view as 31 automotive assembling companies are currently listed under the Bureau of Public Procurement for patronage by government ministries.

The Minister stated that the role of the National Automotive Design Development Council, NAAD under the leadership of Jelani Aliyu, in inviting stockholders to invest in the Automotive Industry by creating a level playing field, through an enabling environment, revitalising and sustaining the growth of the automotive sector of the economy was commendable.