Nigeria Has Only 29 Operational Licensed Auto Assembly Plants
Perhaps, you have no idea that Nigeria has more than PAN and INNOSON in the auto business.
But indeed, there are more than those.
According to Nigeria’s minister of Industry, Trade and Investment, Okechukwu Enelama, there are at least 54 licenced automotive assembly plants in Nigeria, but only 29 are operational.
Enelemah who attributed the increase in the number of licenced operational auto assembly parts to the government’s auto police, revealed further that a total installed capacity of 419,190 units and a total actual production of 8,628 units have been achieved so far.
Before this policy, the Minister said three of the five assembly plants established in the 1970s have become moribund.
But five years after it was strengthened and relaunched, the national automotive policy is yielding positive results and drawing investors from across the world.
The automotive policy’s major objective, according to Enelemah is to bring back Completely-Knocked-Down (CKD) automotive assembly and develop local content, thereby turning Nigeria into a vehicle manufacturing country.
According to Enelemah, “The automotive industry plays both a strategic and catalytic role in economic development and the objective of the national automotive policy is to restore assembly and develop local content, thus, creating employment, acquiring technology and reducing pressure on the country’s balance of payment.
“Efforts to attain an effective automotive sector have been a continuous one and as the policy continued to evolve over the years with necessary tweaking, remarkable achievements have made.
“The achievements made so far confirm the high potentials of the policy to grow the automotive sector,” said the Minister in a statement issued on Sunday.