Breaking News

Nigeria Has Capacity To Produce Over 400,000 Vehicles Per Annum – NADDC DG

Oluwasina Phillip

The Director-General of the National Automotive Design and Development Council (NADDC), Jelani Aliyu, has said Nigeria has the combined capacity to produce over 400,000 vehicles per annum.

Aliyu who stated this at the Commerce and Industry Correspondents Association of Nigeria (CICAN) Annual Conference in Abuja, said with the number of car manufacturing companies in the country, that Nigeria has the combined capacity to produce over 400,000 vehicles per year.

He noted that Innoson is producing vehicles for the Nigerian market, adding that the car manufacturing company is already exporting vehicles to Mali, thereby adding value to Africa.

He noted that the innovation introduced by the National Automotive Design and Development Council (NADDC), has enabled and fostered the assembling and production of vehicles in the country.

He said the first electric vehicle was launched earlier in the year in Nigeria, adding that the Council had gone a step further in leveraging on electric-powered vehicles.

He also revealed that some car manufacturing companies have begun to produce gas-powered vehicles as part of measures to support the Federal Government’s National Gas Expansion Programme.

Commenting on the epileptic power supply in the country which could be a clog in the wheel of progress, Aliyu said “Nigeria should not be defined by its challenges.

According to him, “We are bigger than our problems. We must be defined by our dreams and aspirations and by what we can achieve.”

The Director-General of NADDC said the Usmanu Danfodiyo University, Sokoto, University of Lagos have developed solar-powered vehicles, adding that the University of Nigeria, Nsukka, has begun production of environment-friendly, solar-powered automobiles.

He noted that the AfCFTA presents the automotive industry with an even wider market of over one billion people.

The communiqué issued at the end of the CICAN Annual Conference, with the theme, “The Role of Nigeria’s MSMEs, Export, Commodities, Trade and Investment in Stabilising the Post-Covid-19 Economy: Issues and Challenges.”

The Communiqué which was signed by CICAN Chairman, Frederick Idehai, expressed concern about Nigeria’s continued dependence on oil revenues, which has been a major challenge in the country’s foreign exchange market.

About Editor

Check Also

FG orders probe of Lagos train crash

The Federal Government has directed the Nigerian Safety Investigation Bureau to launch an immediate investigation …

Leave a Reply