• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, June 3, 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

Stakeholders Seek Policies, Collaborations To Advance Automotive Manufacturing

by Leadership News
1 year ago
in Business
Stakeholders
Share on WhatsAppShare on FacebookShare on XTelegram

Automotive manufacturing stakeholders have called for right policies and collaborations aimed at advancing Nigeria’s automotive manufacturing sector and supporting its transition from import-based to production-based.

Advertisement

They made the call at a meeting of officials of the African Association of Automotive Manufacturers (AAAM), Nigerian Automotive Manufacturers Association (NAMA) and National Automotive Design and Development Council (NADDC).

The event was organised by NADDC in Lagos on Thursday.

Mr Oluwemimo Osanipin, Director-General of NADDC, emphasised the need to forge alliances, share knowledge and lay the groundwork for a future where African nations would collaborate more closely in the automotive sector.

According to him, this is critical as the nations stand on the cusp of the African Continental Free Trade Area (AfCFTA).
Osanipin said that Nigeria, with its vast resources and strategic position, was poised to become the automotive hub of West Africa.

RELATED

Empowering First-Time Homebuyers Through Policy And Education

Empowering First-Time Homebuyers Through Policy And Education

7 hours ago
Chinedumuije Urges Tinubu To Stop Foreign Loans For Infrastructural Projects

Tech Expert Urges Business Owners To Use Data For Experiential Engagement

11 hours ago

He said that the nation offered wealth of investment opportunities, from a burgeoning market to a growing base of skilled labour.

“We are committed to creating a stable environment where innovation thrives and where quality meets the aspirations of the African consumer.

“I encourage us to explore the possibilities that lie in collaboration with our local manufacturers, as together, we can drive progress, elevate quality and deliver excellence.

“We must discuss, strategise and envision a future where the automotive industry in Nigeria, and indeed in Africa, reaches new heights of success,” he said.

President of AAAM, Mrs Martina Biene, said that opportunities in the automotive industry would satisfy local and export demands, guarantee direct and indirect employment, and increase the sector’s contribution to Gross Domestic Product.

Biene, however, said that the right policies must be put in place for a successful automotive industry in Nigeria and Africa in general to cater for the needs of Nigeria and the entire African market, particularly under the AfCFTA.

“The recommendations for Nigeria include joint management to grow the new car market, gradual banning of used vehicles, production of good quality fuel, making mobility affordable and creating an opportunity for vehicle asset financing.

“We at AAAM would provide ideas and measures to support the automotive sector in Nigeria,” she said.

The chief executive officer of AAAM, David Coffey, said that many African countries were becoming stronger in their automobile policy development.

This, he said, made it important for Nigeria to move at a fast pace to develop and implement its own policies to drive transition from vehicle importation to vehicle production.

He said that by 2035, Nigeria would record 350, 000 new vehicle demands based on Nigerians’ earning predictions.

He said that support would be available for members of AAAM interested in manufacturing vehicles and their components in Nigeria and other African countries.

Board Member of NAMA, Mr Benneth Ejindu, said that the federal government was demonstrating commitment to wholesome organic development of the industry.

He said that this would engender initiatives to determine tariff differentials, qualify assets and activities for assembly classifications, among others.

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

Breaking NEWS: Nigerians can now earn in US Dollars, acquire ultra premium domains for low and sell for super profit. Our client acquired a domain for $3715 and got it sold for $42,000. Click here to see how you too can profit from the business.


Tags: NADDC
SendShareTweetShare
Previous Post

APM Terminals Confirms $500m Planned Investment Into Nigeria Economy

Next Post

Volatility Of Customs Duty Exchange Rate Hurting Economy – Yusuf

Leadership News

Leadership News

You May Like

Empowering First-Time Homebuyers Through Policy And Education
Business

Empowering First-Time Homebuyers Through Policy And Education

2025/06/02
Chinedumuije Urges Tinubu To Stop Foreign Loans For Infrastructural Projects
Business

Tech Expert Urges Business Owners To Use Data For Experiential Engagement

2025/06/02
Forum Salutes Tinubu, Umahi Over Infrastructural Development In North
Business

Amid 2,669 Road Construction Projects, Engineers Blame Kickbacks For Failures

2025/06/02
Large-cap Stock Drives Local Bourse To N180bn Gains
Business

Stock Investors Gain N3.967trn In May Amidst Positive Returns

2025/06/02
NCAT Rector Raises The Alarm Over Shortage Of Funds For Capital Projects
Business

‘Foreign Students’ Surge At NCAT Boosts Federal Gov’t’s Forex Earnings’

2025/06/02
IWD: Female Employees Share Career Journey At Schneider Electric
Business

‘AI Key To Optimising Infrastructure Surge For Nigeria Data Centres’

2025/06/02
Leadership Conference advertisement

LATEST

You Are Desperate For Self-serving Power, APC Chides Atiku, Amaechi, El-Rufai

Griezmann Signs Deal To Extend Stay At Atletico Madrid

My Support For Tinubu Not For Personal Gain – Kalu

Tinubu Celebrates NNPC Group CEO Ojulari At 60

Police Nab 6 Suspected Notorious Gang Members, Recover Arms In Lagos

Late Exams: Reps Gives WAEC 24 Hours To Submit Guidelines, Report

EFCC Re-arraigns Alleged Cybercrime, Terrorism Kingpin

Empowering First-Time Homebuyers Through Policy And Education

Eid-el-Kabir: Yobe Gov’t Shuts Schools For 10 Days

FRSC Begins Probe Of Kano Athletes’ Accident

© 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.