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.

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,

human capital development,

growth in employment,

increase in export trade,

reduce pressure on foreign exchange and

growth of other satellite industries.

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

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