The University of Nigeria, Nsukka (UNN), and Hightech System Limited are to partner to set up tractors assembling and manufacturing plant as part of Higher Institution Tractorisation Initiative (HITI).
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The National Automotive Design and Development Council (NADDC), led by its Director-General, Mr. Aliyu Jelani during the week paid a courtesy visit to the Innoson Vehicle Manufacturing Company in Nnewi, Anambra State.
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Importers of used vehicles will soon face the task of ensuring that such automobiles are accompanied by valid certificates of road-worthiness from the countries of origin, to indicate that they do not pose health and motoring hazards, before they can be allowed into the country.
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Contrary to reports that the National Automotive Industry Development Plan (NAIDP) policy was punitive and responsible for the increase in smuggled vehicles, the National Automotive Design and Development Council, (NADDC) has said that the agency was shocked that the policy has been blamed for increased prices of imported used vehicles, otherwise known as ‘tokunbo’ when the provision to levy them […]
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The National Automotive Design and Development Council (NADDC) said it will soon kick-start a nationwide Automotive Design Competition to engage and promote the incredible creative and innovative talents of the Nigerian youth.
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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 has been advised to re-view the automotive policy, which imposes 70 per cent levy on imported vehicles, pending the mass production of made-in-Nigeria vehicles.
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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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The Asset Management Company of Nigeria, AMCON, has disclosed that it is close to selling Peugeot Automobile Nigeria, PAN, Ltd to Aliko Dangote, and two Nigerian states.
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Only 350 new vehicles were imported by Nigerian auto firms in the first quarter of this year, which shows a drop of about 90 per cent over 3,500 recorded in the same period last year.
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