Tinubu Promises Enhanced Policies To Boost Nigeria’s Industrial Growth

Tinubu Promises Enhanced Policies To Boost Nigeria’s Industrial Growth

President Bola Tinubu has reaffirmed his commitment to implementing policies aimed at advancing the industrialization agenda of the nation.

In a statement released by the presidential spokesman Ajuri Ngelale, Tinubu made this known during a meeting with a delegation from the African Association of Automotive Manufacturers and the Nigerian Automotive Manufacturers Association.

Represented by his Chief of Staff, Femi Gbajabiamila, the President engaged with the delegation led by the Minister of Industry, Trade and Investment, Ms. Doris Uzoka-Anite, in Abuja on Friday.

Tinubu stressed the importance of ensuring that locally manufactured vehicles meet high standards to withstand the test of time. He also urged the association to focus on producing affordable vehicles accessible to all segments of the Nigerian population, especially as the government introduces consumer credit schemes to facilitate vehicle and other essential purchases.

The delegation informed the President of their plans to commence manufacturing vehicles and spare parts in Nigeria. Tinubu mentioned that a legislative bill to support the automotive industry is under review by the Federal Ministry of Justice.

The importance of developing the automotive industry to generate employment for youth and reduce the strain on foreign exchange reserves was highlighted during the discussions.

The delegation included the Director-General of the National Automotive Design and Development Council (NADDC), Mr. Oluwemimo Osanipin, as well as representatives from the Nigerian Airspace Management Agency (NAMA) and Executive Directors from Stallion Group, Toyota/CEAO, and NISSAN.

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