The Federal Government on Thursday announced plans for the massive roll out of made-in Nigeria vehicles from next month.
The Minister of State for Industry, Trade and Investment, Dr. Samuel Ortom, stated this when a delegation from Automobile Peugeot, France led by its Vice President, Mr. Yves Moulin, visited him at the ministry’s headquarters in Abuja.
The Managing Director, Peugeot Automobile Nigeria Limited, Mr Ibrahim Boyi, said the company would be unveiling its first set of locally assembled vehicles in June.
He said the move was part of efforts aimed at supporting the new auto policy of the Federal Government.
Boyi said the full implementation of the new auto policy would revolutionise the growth and development of the nation’s industrial sector.
For instance, he said as a result of the policy, the management of the company had decided to resuscitate its assembly plants in order to meet the huge demand for locally manufactured vehicles.
The PAN boss said, “The leadership of AP France is here and this is the commitment of the leadership to the Nigerian market.
“With the development of the new auto plant, we have received tremendous support from AP France and they have shown a lot of commitment to support the policy and in that respect, we have already outlined technical activities to commence assembly operations in Nigeria as a result of the new policy.
“We are hoping that our first assembly cars will come out from our plants by June this year.”
Also speaking, Moulin commended the Federal Government for coming up with the policy as it would help to stimulate investment in the auto industry.
“There is a huge potential in Nigeria; you have a very young population, talented and educated people. With this and with the good regulation to build the local industry, and with a clear vision, we will be able to add value, create employment and attract suppliers,” he said.
This article first featured in the Punch
This is a good development. Let’s just hope the cars are affordable for Nigerians to buy. In the past, made in Nigerian products have always traded higher than their imported foreign counterparts even though the quality of the latter is much superior.