The National Automotive Design and Development Council (NADDC) eulogizes the private automotive companies in Nigeria who have invested over N500b in the automotive industry in Nigeria.
Companies such as Dangote-SinoTrucks, Innoson, PAN, Cherry, Peugeot, Stallion Group, Hyundai, Honda, Elizade, Lanre Shittu, JAC, Kojo, Nord, Omaha, Vistar, Jet Systems, National Trucks Manufacturers, GAC, Kia, Mikano/Geely have all invested n Nigeria.
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The Council’s Board Chairman, Senator Osita Izunaso, together with Board Members, Mr. Tokunbo Aromolaran, Dr. Nankin Bagudu, Engr. Emmanuel Kwaya, Reverend Lambert, Dr. Obi, and Director General/CEO Jelani Aliyu, early this week toured a number of these factories.
These committed companies are now actively producing/assembling vehicles in Nigeria. They have a combined installed capacity to produce over 400,000 vehicles per year. And this capacity is not only made up of fossil fuel-powered vehicles: recent developments have seen the start of Electric Vehicles assembly in Nigeria with the Hyundai Kona EV, and the test run of the Jet Systems Electric Van.
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So, fundamentally, the Nigerian Automotive sector can produce 400,000 vehicles per annum, what the nation needs is Nigerians to buy that number of these locally produced/assembled vehicles instead of spending money on 400,000 second-hand imported vehicles that have been used and dumped by other counties.
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