• The Membership Club
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Tuesday, August 9, 2022
Premium Times Nigeria
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • #PandoraPapers
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • AUN-PT Data Hub
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • #PandoraPapers
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • AUN-PT Data Hub
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
Jelani Aliyu, the Director General, National Automotive Design and Development Council

Jelani Aliyu, the Director General, National Automotive Design and Development Council

Car Manufacturing: Nigeria to build industrial parks in three states

The government plans a 10-year tax holiday for investors in the automotive industry.

byAgency Report
February 16, 2021
Reading Time: 2 mins read
2

The Nigerian government is to establish automotive industrial parks in three states to promote local production of vehicles, Jelani Aliyu, the Director General, National Automotive Design and Development Council has said.

Mr Aliyu made this known in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja.

According to him, the parks will be sited in Nnewi in Anambra State, home to Innoson Motors, the first indigenous motor manufacturing firm in Nigeria, Ede in Osun State and Kaduna.

He said the programme is part of the National Automotive Industry Development Plan, aimed at promoting local production of vehicles.

“We are building three automotive industrial parks that will be comprehensive facilities where the necessary infrastructure will be provided and investors can easily come in and play,” he said.

“As the Federal Government is promoting local production of vehicles, key to that is creating the necessary environment, and we have done that with the automotive policy.

“We are working on making it easier and more advantageous to produce vehicles locally because we believe the difference must be created between vehicles built elsewhere and those built in Nigeria.

“When you build a vehicle in Nigeria, you are giving our youths jobs, empowering Nigerians and creating better life.

“But when you bring in a fully built vehicle, you are taking resources outside Nigeria and that is not adding much value to us our economy,” he said.

TEXEM Advert

Mr Aliyu said the automotive policy stipulates that cars assembled in Nigeria have zero per cent tariff for Completely Knocked Down (CKD) kits and not more than 10 per cent tariff for a semi-knocked-down (SKD) kits.

He said the government was also working on a 10-year tax holiday for investors in the automotive industry.

The NADDC boss said that work was also at concluding stage in the building of automobile testing centres to ensure global standard compliant in the sector.

“We have finished the construction of automotive testing facilities in Lagos, Enugu, and Zaria and should be up and running this year.

“Any spare part or component that is brought or made in Nigeria must meet minimum global standard otherwise it will be deemed illegal and we won’t allow it to be sold in the Nigeria market.

“All these are steps the Federal Government is taking to ensure that the necessary environment is created in Nigeria for investors.

“We are to not to go out there to produce those vehicles but we will work closely with investors in the private sector to ensure they get the necessary support,” Mr Aliyu said.

(NAN)

  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • WhatsApp
  • Share on Tumblr
  • Pocket


Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate



TEXT AD: Call Willie - +2348098788999






PT Mag Campaign AD

Previous Post

INEC receives requests for 9,777 additional polling units – Yakubu

Next Post

My vision for Lagos by 2030 – Sanwo-Olu

Agency Report

Agency Report

More News

President Muhammadu Buhari

Nigeria’s regulator rejects Buhari’s approval of Seplat’s purchase of ExxonMobil’s asset

August 8, 2022
President Muhammadu Buhari Swears-In Newly Appointed Ministers and Presides over Federal Executive Council Meeting in State House on 6th July 2022 [PHOTO CREDIT: @Buharisallau1]

Buhari approves Seplat’s acquisition of Mobil Nigeria from ExxonMobil

August 8, 2022
Naira Notes

Nigeria’s rising debt stock becoming problematic — LCCI President

August 8, 2022
NOVA Merchant Bank. [PHOTO CREDIT: Official LinkedIn account of the bank]

NOVA Merchant Bank appoints new directors, promotes workers

August 7, 2022
LIRS Executive Chairman, Ayodele Subair

Lagos revenue agency unveils whistleblower channel

August 6, 2022
Naira and Dollars

Naira stable at official forex market

August 5, 2022
Read All Comment

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2022 The Premium Times, Nigeria

No Result
View All Result
  • #PandoraPapers
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Investigations
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • #EndSARS Dashboard
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • AUN-PT Data Hub
  • Opinion
  • The Membership Club
  • DONATE
  • About Us
  • Advert Rates
  • PT Hausa
  • Dubawa NG
  • Careers
  • Contact Us
  • Digital Store

All content is Copyrighted © 2022 The Premium Times, Nigeria