ADVERTISEMENT

Boss commends FG on new Made-in-Nigeria car bill

Chief Bassey Edem, the President of Nigerian Association of Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA), is in support of the new bill.

Made-in-Nigeria Peugeot 508

The Federal Government is set to ensure the patronage of Made-in-Nigeria cars.

This is being done by the amendment of a Bill for an Act to amend the Public Procurement Act to provide for and adopt Local Content Policy and timely completion of procurement processes.

ADVERTISEMENT

According to him, this new bill, along with the auto policy, will ensure the patronage of local automobile plants and make room for competition.

“Worthy of mention is an existing law to protect and patronise the existing automobile industries in the country that was gazetted, (No 28 of 1994) which says ‘government at all levels and their agencies, must source all their vehicles from within the country, except where such automobiles are not available locally.

With the implementation of the national Automotive Industry Development plan and the establishment of the National Automotive Design and Development Council, the Federal Government signalled its intent to focus on the automobile industry as one of the drivers of economic growth and sustainable development," he said.

Chief Edem also highlighted the benefits of the auto policy:

knowledge transfer,

ADVERTISEMENT

human capital development,

growth in employment,

increase in export trade,

reduce pressure on foreign exchange and

growth of other satellite industries.

ADVERTISEMENT

Check out 'Made-In-Nigeria’ Peugeot cars in the gallery above.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

VIDEO: 'Thank you for bringing back the anthem we grew up with' - Speaker to Tinubu

VIDEO: 'Thank you for bringing back the anthem we grew up with' - Speaker to Tinubu

Fellow Nigerians, here are the lyrics of the reinstated national anthem

Fellow Nigerians, here are the lyrics of the reinstated national anthem

Court dismisses Sen Ibrahim's challenge to Ondo APC primaries

Court dismisses Sen Ibrahim's challenge to Ondo APC primaries

Kano Emirship: CJN summons judges over conflicting court decisions

Kano Emirship: CJN summons judges over conflicting court decisions

Thai Govt commends NDLEA's efforts against drug trafficking, pledges support

Thai Govt commends NDLEA's efforts against drug trafficking, pledges support

Anambra 1st Lady establishes pad banks in schools to promote menstrual hygiene

Anambra 1st Lady establishes pad banks in schools to promote menstrual hygiene

Tinubu signs bill reinstating old national anthem

Tinubu signs bill reinstating old national anthem

5 ministers who have managed to impress as Tinubu marks first year in office

5 ministers who have managed to impress as Tinubu marks first year in office

Enugu Govt warns IPOB against disrupting WAEC exams on May 30

Enugu Govt warns IPOB against disrupting WAEC exams on May 30

Pulse Sports

Olanrewaju Kayode Net Worth: Profile, Age, Salary, Wife, House, Cars, How Rich is he in 2024?

Olanrewaju Kayode Net Worth: Profile, Age, Salary, Wife, House, Cars, How Rich is he in 2024?

Naija Stars Abroad: Maduka Okoye justifies Finidi George's call, forgotten Super Eagles star dims red-hot Ademola Lookman, Osimhen

Naija Stars Abroad: Maduka Okoye justifies Finidi George's call, forgotten Super Eagles star dims red-hot Ademola Lookman, Osimhen

No space for Lookman, Osimhen as only two Africans make Forbes’ Top 50 highest-paid athletes

No space for Lookman, Osimhen as only two Africans make Forbes’ Top 50 highest-paid athletes

Lookman frontrunner for NFF Player of the Year after historic Europa League heroics

Lookman frontrunner for NFF Player of the Year after historic Europa League heroics

ADVERTISEMENT
ADVERTISEMENT