The Minister of Trade and Investment, Dr. Doris Anite has reiterated the Federal Government’s commitment to the implementation of the Nigerian Automotive Development Policy (NAIDP).
Speaking at a stakeholder meeting with the National Automotive Design and Development Council (NADDC), component parts manufacturers and other stakeholders, the Minister emphasized that the policy aim to propel Nigeria forward in the automotive industry.
Some Key Stakeholders and Auto components manufacturers at the meeting were the Chairman Innoson Group, Dr. Innocent Chukwuma, the Chairman Chicason Group, Chief Chika Okafor, among other local components manufacturers.
Emphasising the seven pillars of the Auto Policy, the Director General, NADDC, Mr. Joseph Osanipin underscored the significance of focusing on component parts development as outlined in the Council’s strategic plan.
“There is no auto without the components parts”. He reiterated NADDC’s commitment to fostering the growth of the sector through the development of locally available parts.
The meeting reaffirmed the collective commitment of NADDC, government officials, and industry stakeholders to drive the growth of the Nigerian automotive industry. The focus on local component parts manufacturing is seen as pivotal in achieving the transition from Semi-Knocked Down (SKD) to Completely Knocked Down (CKD) production, thereby facilitating organic growth within the sector.
NADDC explained that it remains dedicated to fostering partnerships and collaborations to ensure the sustainable development of the Nigerian automotive industry. Through initiatives like the NAIDP and engagements with industry stakeholders, NADDC aims to create an enabling environment for local manufacturing and propel Nigeria to greater heights in the global automotive landscape
