The Federal Government will not totally ban the importation of fairly used vehicles (Tokunbo) until a robust finance scheme is launched to enable Nigerians to buy brand new ones, the Director General, National Automotive Design and Development Council (NADDC), Jelani Aliyu, has said.
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Automotive plants set up under the Federal Government’s policy on industrialisation are on the verge of shutting down owing to an unfavourable operating environment and low demand for brand new vehicles.
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Director General of National Automotive Design and Development Council (NADDC), Mr. Jelani Aliyu, MFR, on Tuesday June 20, 2017, received in Abuja the visiting Managing Director of CIG Motors Company Limited, Mr. Felix Lee.
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The Federal Government in a bid to encourage the patronage of made-in-Nigeria vehicles has said it would soon commence the design of local vehicles that would reduce the preference of Nigerians for foreign brands.
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Nigeria’s Auto Industry is expected to import and sell between 8,000 and 10,000 new vehicles this year, which is lower than the 15,000 projected at the end of last year.
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Olaoluwa Ogundipe, Principal Technical Assistant with the National Automotive Design and Development Council, has called on the Federal Government to ensure that Ajaokuta Steel Company functions at full capacity. Ogundipe told the News Agency of Nigeria (NAN) in Abuja that the company had lot of steel metal that could be used for automobile industry. “If Ajaokuta steel is functioning, there […]
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To improve access to new vehicles and promote the patronage of locally assembled vehicles, the Federal Government, through the National Automotive Design and Development Council (NADDC) has announced plans to unveil a credit purchase scheme for Nigerians to purchase such vehicles. According to the Director, Policy and Planning, Luqman Mamudu, the council is contributing about N7.5 billion interest free rates […]
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Despite a global sales record indicating that first half of 2016 was the best ever for some organisations, Nigerian vehicle dealers have continued to groan under sales drop owning to government policies and economic turbulence. Infiniti said it finished the first half of 2016 with a new sales record, which marks the organisation’s best June ever, thanks to key markets […]
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The National Automotive Design and Development Council (NADDC), yesterday, said the total installed vehicle assemblage capacity in the country will reach 200,000 before the end of the year. With new automakers, including Century Auto (Toyota), TATA, Coscharis Auto (FORD, Joylong, Dongfeng), Globe Motors (Higer, Globe), Leventis (FOTON -Diamler), Kewalram Chanrai (GM, Mitsubishi) and Tilad (Shinery), Director General of NADDC, Aminu […]
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