• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, August 26, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Industrialisation: Federal Gov’t May Stop Patronage Of Toyota, Other Vehicles

by Mark Itsibor
6 months ago
in Business
toyota
Share on WhatsAppShare on FacebookShare on XTelegram

The federal government has said it may consider the option to stop the patronage of Toyota vehicles for government officials if the automobile company and others that are mostly used by government and its agencies do not show proof of major contribution to the economy, including job creation for Nigerians.

Advertisement

Minister of state for Industry John Owan Enoh said the move would help Nigeria to make significant change as a people and as a country.

The minister said he was waiting for the details and statistics about some of the companies and auto companies that have benefited the most from Nigeria’s huge market without creating the corresponding value for the economy.

“While not being particular, Toyota. Can you imagine the volume of Toyota vehicles that are bought by the government and its agencies? I have gone to some auto companies. There are the ones adding value. I am waiting for the value that Toyota is adding to Nigeria’s auto industry.

“And I think that to get the result that we expect to get, at some point we will need to be dramatic – take some dramatic decisions. Otherwise things won’t change,” the minister said yesterday at the inauguration of the Industrial Revolution Work Group (IRWG) in Abuja yesterday.

RELATED

From Civic Duty To Development: The Importance Of Taxation

From Civic Duty To Development: The Importance Of Taxation

3 minutes ago
PremiumTrust Bank Reassures Stakeholders Of Strong Performance, Profitability

PremiumTrust Bank Meets N200bn Capital Requirement For National Commercial Banks; Reinforcing Its Leadership As Nigeria’s Fastest-Growing Bank

6 hours ago
ADVERTISEMENT

“We need to get to a point that we give a point line – is it the next 11 months? Is it the next 18 months? Of we don’t find evidence

“Otherwise things won’t change. We need to get to a point and give a timeline. Is it the next 12 months? Is it the next 18 months? If we don’t find evidence in our country, what work is being done to demonstrate the enablement, right? We’ll stop buying some classes of vehicles.

“And we can do it. That is the only way things can change for us. And things must change. We must stop contributing to job creation abroad. And not have any jobs created in-country,” the minister stated.

ADVERTISEMENT

Former minister of Industry, Trade, and Investment Olusegun Aganga said the roadmap for reviving the nation’s industries must be built on four fundamental pillars: Policy reform and regulatory efficiency by streamlining bureaucratic bottlenecks, reducing the cost of doing business, and ensuring a policy environment that encourages industrial growth.

Others are infrastructure and energy solutions, creation of access to finance and incentives and technology and innovation through the positioning of Nigerian industries for the fourth industrial revolution by integrating digital transformation, automation, and research-driven innovation.

Dr Aganga who said policy inconsistencies are Nigeria’s major problem to achieving the desired industrialisation, stated that “A revitalised textile sector means jobs for thousands; a functional steel industry means infrastructure development; a flourishing agro-processing industry means food security.”

He told members of the working group that their duty is not merely an economic necessity but a patriotic duty.

According to Aganga, the IRWG represents a unique, strategic, and pragmatic approach to industrial policy-making. He said by bringing together key stakeholders from the public and private sectors, the initiative will drive a targeted and structured process to tackle the pressing challenges facing Nigeria’s manufacturing sector, resuscitate moribund industries, and create an enabling environment for sustainable industrial growth.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Toyota
SendShare10178Tweet6362Share
ADVERTISEMENT
Previous Post

Federal Gov’t Targets Over $150bn In Dead Capital From Land Reforms

Next Post

ATM Fees: Open Accounts In Banks Close To You, Cardoso Advises Customers

Mark Itsibor

Mark Itsibor

Mark Itsibor is a journalist and communication specialist with 10 years of experience, He is currently Chief Correspondent at LEADERSHIP Media Group and writes on Finance, Economy, Politics, Crime, and Judiciary. He has a B.Sc in Political Science, Post Graduate Diploma in Journalism (Print), and B.A in Development Communication. His Twitter handle is @Itsibor_M

You May Like

From Civic Duty To Development: The Importance Of Taxation
Business

From Civic Duty To Development: The Importance Of Taxation

2025/08/26
PremiumTrust Bank Reassures Stakeholders Of Strong Performance, Profitability
Business

PremiumTrust Bank Meets N200bn Capital Requirement For National Commercial Banks; Reinforcing Its Leadership As Nigeria’s Fastest-Growing Bank

2025/08/26
JUST-IN: NAICOM Revokes Operational Licenses Of Niger Insurance, Standard Alliance
Business

Delayed Guidelines Drag Insurance Recapitalisation Process

2025/08/25
Large-cap Stock Drives Local Bourse To N180bn Gains
Business

Shareholders Get N117.86bn Half-year Dividends From 12 Listed Firms

2025/08/25
UBA Bank plc
Business

UBA Customers To Win N150m In Super Savers Promo

2025/08/25
Bureau Rate NIMASA High On Public Service Reforms
Business

NIMASA, Engineers Strengthen Collaboration For Blue Economy Growth

2025/08/25
Leadership Conference advertisement

LATEST

From Civic Duty To Development: The Importance Of Taxation

Governor On Leave, But Governance Continues

Gov Radda Empowering Persons With Special Needs In Katsina

Katsina: Gains Of Enduring Reforms In Education

North East: Between Resilience And Ruin

Stakeholders Push For Improved Flood, Disaster Preparedness In Kaduna

At NBA Conference, Minister, Ezekwesili Differ On State Of Economy Inbox Boko Haram Kill Soldiers, Abduct Schoolgirls

NBA Conference Should Address Nigeria’s Fundamental Issues – NBM

ECOWAS To Activate 260,000 Counter-terrorism Brigade -Touray

Governor Eno Redeploys 2 Commissioners

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.