The manufacturers, which include Honda, Peugeot, Innoson, and Mitsubishi among others, have also created employment for about 4,782 Nigerians. The Director-General, National Automotive Design and Development (NADDC), Jelani Aliu disclosed this yesterday in his message to the ongoing review of the Nigerian Automotive Policy Bill, & Nigerian Automotive Industry Development Plan (NAIDP), in Abuja. This arrangement has been concluded with some selected banks in the country with the support by the Central Bank of Nigeria (CBN). He however said Nigeria needs to do more in making financing available for vehicle purchase, adding, “One key thing in this industry is financing. Declaring the dialogue open, the Minister of Industry, Trade and Investment, Niyi Adebayo, said the Federal Government in efforts to implement the Nigerian Recovery and Growth Plan (NIRP), approved the new auto development plan to transform the Nigerian automotive industry and attract Investment into the sector.

Source: The Guardian January 31, 2020 04:30 UTC