Auto policy: FG, stakeholders pledge sustainability

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The Federal Government, vehicle manufacturers, dealers and licensed Customs agents, among other stakeholders, have agreed to leave no stone unturned in their bid to ensure that the ongoing implementation of the National Automotive Industry Development Plan is sustained in line with global best practices.
The stakeholders agreed that the sustained implementation of the policy with periodic reviews to suit economic needs was in the interest of Nigerians and the Nigerian economy.
The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, said that the extensive stakeholders’ consultations and collaboration had afforded the Federal Government the opportunity to access the level of progress so far recorded in the implementation of the policy with a view to addressing major challenges facing players in the sector.
The minister, who spoke after a meeting with members of the National Council of Managing Directors of Licensed Customs Agents in Abuja, added that with the level of success so far recorded, 10 more auto plants had finalised plans to begin operations in Nigeria before the end of this year.
Aganga said, “Within the past one week, we have been holding consultative meetings with stakeholders in the automotive industry, including all the vehicle assemblers across the country and the National Council of Managing Directors of Licensed Customs Agents.’’
Aganga, who expressed satisfaction with the level of progress made so far with the implementation of the seven-month old auto policy, said government and operators in the sector were focusing on local production of vehicle component parts in order to create more jobs and generate wealth for Nigerians.

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