• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Energy

FG enables 10-year tax relief for electric vehicle manufacturers in Nigeria – DG, NADDC

Omono Okonkwo by Omono Okonkwo
May 27, 2023
in Energy, Manufacturing, Sectors
FG enables 10-year tax relief for electric vehicle manufacturers in Nigeria – DG, NADDC

Jelani Aliyu, the Director General of the National Automotive Design and Development Council

Share on FacebookShare on TwitterShare on Linkedin

Article Summary

  • The NADDC DG has said that the government has provided a 10-year tax relief for EV manufacturers in Nigeria.
  • This move is expected to increase investments in Nigeria’s auto sector.
  • The NADDC in recent years has been building human and infrastructural capacity for electric vehicles.

The Nigerian government has enabled a 10-year tax relief for in-country electric vehicle manufacturers.

This is according to Jelani Aliyu, the Director General of the National Automotive Design and Development Council (NADDC). He said this during the West Africa Automotive Show (WAAS) held recently in Victoria Island, Lagos.

ThisDay reports that the Director General, who was represented at the event by a Deputy Director of the Council, Segun Omisore, said the Nigerian government has made it easy to attract investments in the automotive sector.

RelatedStories

Automotive Council urge FG to ban importation of year 2000 to 2007 model cars 

Automotive Council urge FG to ban importation of year 2000 to 2007 model cars 

December 20, 2023
Electric vehicles create chances to invest in clean energy

Electric vehicles create chances for private players to invest in clean energy – Jelani Aliyu, NADDC DG 

September 13, 2022

He said in his words:

  • “The federal government has recently approved the new Auto policy 2023 to 2033, the objectives of the new policy include, among others; the provision of a legal framework for the development of a competitive and sustainable automotive industry in Nigeria.
  • “It creates an environment that allows existing assembly plants to survive, grow and attract other original equipment manufacturers, and local content suppliers facilitate the transfer of technical know-how and technological skills for the development of the automotive industry.
  • “It positions Nigeria’s automotive ecosystem as a leading centre for automotive production in Africa. The policy also promotes investment in the auto sector and fiscal incentives which includes additional tax relief for 5 years for assemblers or manufacturers of automotive components and products, and 10 years for assemblers/manufacturers of electric vehicles and components used in electric vehicles and many other incentives provided.
  • “We will continue to support all our stakeholders in the development of the industry by providing the necessary policy framework and the Investment Promotion incentives to support the industry as the new policy provides policy direction and investment promotion incentives for the first time to electric and gas-powered vehicles development in Nigeria.”

It is important to note that the policy cited intends to enable the exponential increase in the local production numbers of vehicles, reaching 40% local content, and attaining 30% locally produced electric vehicles, generating one million jobs, and enforcing patronage of locally produced vehicles by government and companies working on government contracts as well as boosting research and development and technology transfer.

What you should know

In September 2022, Jelani Aliyu told Nairametrics in an exclusive interview, that Hyundai Kona Electric, Jet Systems Motors, GIG Logistics, Max-NG, and Phoenix are the active electric vehicle players in Nigeria.

According to him, the NADDC has built 18 motor training centres across the country and will be using these as platforms for technology transfer and to train technicians and mechanics on electric vehicles.

Aliyu also said that the NADDC had built 100% solar-powered, off-grid electric vehicle charging stations in Sokoto, Lagos and Enugu, where anyone can charge their electric vehicles


Follow us for Breaking News and Market Intelligence.
Tags: National Automotive Design and Development CouncilWest Africa Automotive Show
Omono Okonkwo

Omono Okonkwo

Omono Okonkwo is an accomplished Mass Communicator, with a remarkable track record spanning over a decade across various dimensions of the field. Her proficiency encompasses Print, Digital, and Broadcast Journalism, Copywriting, Research and Writing, Podcasting, Public Speaking, as well as a comprehensive grasp of Energy Markets. Her engagement in energy market coverage commenced officially in 2016, as she assumed the role of a country correspondent (Nigeria) with Natural Gas World, a subsidiary of Minoils Media based in Vancouver, Canada. Since then, Omono Okonkwo has consistently demonstrated excellence and left an indelible mark on the ever-evolving energy sector.

Related Posts

Automotive Council urge FG to ban importation of year 2000 to 2007 model cars 
Business News

Automotive Council urge FG to ban importation of year 2000 to 2007 model cars 

December 20, 2023
Electric vehicles create chances to invest in clean energy
Exclusives

Electric vehicles create chances for private players to invest in clean energy – Jelani Aliyu, NADDC DG 

September 13, 2022
Electric vehicles create chances to invest in clean energy
Business

FG earmarks N200 billion for vehicle financing scheme, moves to provide single-digit interest rate

May 8, 2022
Electric vehicles create chances to invest in clean energy
Business

Repositioning the automotive industry will help provide millions of jobs for Nigerians – NADDC

February 12, 2021
NADDC moves to unveil Nigeria’s first electric vehicle tomorrow
Manufacturing

NADDC moves to unveil Nigeria’s first electric vehicle

February 5, 2021
MSME, world bank, FG seeking FDI to develop Special Economic Zones - Trade Minister, FG clamps down on filling stations, others for faulty measuring and weighing equipment, AfCFTA: Nigeria securing approval to ratify agreement- Trade Minister, FG meets group to access AfCFTA's $650 billion market, UNIDO’s $60m investment programme to boost Nigeria’s industrialisation - FG, FG to strengthen economic ties with Turkey, FG moves to facilitate tax incentives for SMEs, Made-in-Nigeria vehicles gulp N364 billion from FG
Business News

FG commissions Made-in-Nigeria vehicles worth N364 billion

March 10, 2020
Next Post
How Nigerian company boards can get involved in ESG

How Nigerian company boards can get involved in ESG – KPMG

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Zenth Bank
Emple
first bank
Zenth Bank








DUNS

Recent News

  • Billionaire Bill Ackman exits Universal Music Board 
  • Mamuda Group to invest $50 million in Ogun State industrial expansion 
  • CNG implementation faces setbacks over poor infrastructure – Expert says 

Follow us on social media:

Recent News

Billionaire Bill Ackman exits Universal Music Board 

Billionaire Bill Ackman exits Universal Music Board 

May 14, 2025
Mamuda Group to invest $50 million in Ogun State industrial expansion 

Mamuda Group to invest $50 million in Ogun State industrial expansion 

May 14, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics