The current administration has shown more of a passing interest in the full implementation of the automotive policy in the last eight years. BENJAMIN ALADE writes that more disastrous to the private sector’s buy-in is the government’s flip-flop on local production of automobiles.
Stakeholders in the automotive industry are concerned over the failure of the current government to see through the automotive policy. Last week, the Minister of Trade and Investment, Adeniyi Adebayo, disclosed that the ministry would soon submit a new auto policy for the Federal Executive Council (FEC)’s approval.
He stated this while addressing Senior Executive Course 45 participants of the National Institute of Policy and Strategic Studies (NIPSS), Kuru, Plateau State, who paid a visit to the ministry.
He said the automotive policy was reviewed to increase local production of vehicles. Many stakeholders, however, took the minister’s…
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