President Bola Tinubu recently convened a meeting with the African Association of Automotive Manufacturers and the Nigerian Automotive Manufacturers Association to deliberate on the production of domestically manufactured vehicles. During the session, President Tinubu underscored the significance of guaranteeing that these vehicles maintain exceptional quality over time and are economically accessible to all sectors of the Nigerian populace.
The delegation, headed by the Minister of Industry, Trade, and Investment, Ms. Doris Uzoka-Anite, articulated their dedication to the Renewed Hope Agenda of the President and briefed the Chief of Staff to the President, Rt. Hon. Femi Gbajabiamila, on the initiatives being orchestrated to inaugurate vehicle and spare parts manufacturing in Nigeria.
They also referenced the formulation and assessment of a legislative bill to galvanize the automotive industry, accentuating that fostering the industry would generate substantial employment opportunities for Nigerian youths and diminish the dependency on foreign exchange.
In response, the Chief of Staff to the President assured the delegation of the President’s unswerving commitment to industrializing Nigeria and pledged to expedite the approval of the legislative bill. He also underscored the necessity of domestically manufactured vehicles upholding top-notch quality and urged the associations to fabricate vehicles that are within financial reach for all categories of Nigerians.
This is a pivotal development, particularly in view of President Tinubu’s intentions to extend consumer credit to millions of Nigerians for the acquisition of vehicles and other essential goods and services.
The President’s plea for domestically manufactured vehicles to exhibit superior quality and affordability coincides with the government’s endeavours to reinvigorate the automotive industry and invigorate economic growth. It also aligns with the objective of furnishing accessible transportation alternatives for all Nigerians.
In summation, it is imperative for automotive manufacturers to heed President Tinubu’s entreaty and ensure that domestically manufactured vehicles measure up to the utmost standards of quality while remaining within financial reach of the Nigerian populace. This constitutes a crucial step towards propelling industrialization and economic progress in the country.