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Wednesday, 14 January 2015

Emerging Auto Industry to Create 200,000 Jobs in Nigeria

The Director-General of the National Automotive Council (NAC), Mr Aminu Jalal discloses that Nigeria's automobile industry  has the potential to generate over 200,000 jobs.

“The auto industry is very huge and a car has over 2,000 components and each of these components is an industry,’’ he said on Tuesday.

Jalal said the new automotive policy of the Federal Government was investor-friendly and that 23 car assembly plants had shown interest to invest in the country including Piaggio Innoson Vehicles Manufacturing Company and National Trucks Manufacturers at Kano State.

 Federal Government had given incentives to the tyre manufacturers to encourage them to invest in the economy. Tyre manufacturers like Michelin and Dunlop had shown interest to return to country. This incentives to include free-duty on their equipment and incentive to import 20 per cent of tyres into the country, he said.

Nigeria was currently spending more than one trillion naira on the importation of vehicles and their spare parts and he thinks the  substantial part of this figure would be saved if the nation’s automotive industry was fully functional.

As part of his new year goal,  NAC would commit itself to local content development and assist local entrepreneurs in accessing financial assistance to boost their op
erations.

Credit:Nigeria bulletin


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