Economy and Business

Nigeria to start manufacturing cars before December 2024 – FG

The federal government says that Nigeria will commence local manufacturing of vehicles before the end of this year.

The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, disclosed this at the African Association of Automotive Manufacturers and the Nigerian Automative Manufacturers Association’s meeting in Abuja on Friday, May 3.

Uzoka-Anite said funds to grow the nation’s automotive industry have been made available to local manufacturers.

According to the minister, it was vital to source made-in-Nigeria vehicle materials locally.

She seized the occasion to inform all stakeholders, including manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem, to key into the Nigerian Automotive Development Policy, and start making the desired contribution to the nation’s economy.

The African Association of Automotive Manufacturers is an organisation dedicated to the industrialisation and development of the automotive sector across Africa.

The association works with governments to shape policies, attract investors, and support the economic potential of the continent, by promoting sustainable and affordable mobility solutions.

Based in Johannesburg, South Africa, the association primarily serves the automotive industry, including manufacturers, investors, and policymakers.

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