There were palpable sighs of relief in the crowded hall at a hotel in Victoria Island, Lagos, during the week, when the Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah assured stakeholders in the auto industry that the Federal Government would implement the National Automotive Industry Development Plan (NAIDP), and not scrap it. “The FGN has identified the auto […]
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Globe Motors Nigeria, says it has concluded plans to roll out its $150 million (N29.55 billion) auto assembly plant next month in Lagos which has the capacity to produce 6,000 vehicles annually at the start. Chairman of Globe Motors Holdings, Mr. William Anumudu, told journalists in Lagos that over 10,000 jobs would be created indirectly as a result of the […]
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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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A Boost to Employment: Flying a Ruse! It was also stated that the new tariff will create employment almost immediately. Two employment generating windows were identified as possible spinoff of the new tariff regime. First, it is claimed that many multinational car manufacturers will, on account of the new tariff regime, be induced or practically fall over themselves to set […]
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