Sunday, May 18, 2014

Made-in-Nigeria vehicles to roll out next month – FG


Minister of State for Industry, Trade and
Investment, Dr. Samuel Ortom has revealed the
Federal Government's plans to roll out made-in-
Nigeria vehicles into the market next month,
June 2014. The Minister made this known when
he received a delegation from Automobile
Peugeot, France in his office in Abuja, Punch
reports.
The minister, while addressing the delegation
which included the company's Vice President,
Mr. Yves Moulin, said the newly introduced auto
policy is quite effective and is attracting
automobile brands to establish assembly plants
in Nigeria. Continue...
"The automotive policy is derived from the
National Industrial Revolution Plan, and we
are happy with the response we have been
getting from the automotive industry
worldwide; and with your coming, it shows
that this policy is working. When the policy
was introduced, people criticised it and
most of them do not understand the benefit
of the policy. We have had several
stakeholders from the automotive industry
approaching us to set up assembly plants
and spare parts plants in the country. I
want to assure up you on behalf of the
government that we will do everything to
make sure the policy succeeds.” the
minister said
Meanwhile the first set of Peugeot cars
assembled here in Nigeria would be reeled out
next month, says Managing Director, Peugeot
Automobile Nigeria Limited, Mr Ibrahim Boyi. He
said this was made possible due to the Auto
policy placed by the government.

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