{"id":316779,"date":"2024-03-30T10:56:18","date_gmt":"2024-03-30T09:56:18","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=316779"},"modified":"2024-03-30T10:56:18","modified_gmt":"2024-03-30T09:56:18","slug":"nigerian-govt-announces-date-to-commence-local-vehicle-manufacturing","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/03\/30\/nigerian-govt-announces-date-to-commence-local-vehicle-manufacturing\/","title":{"rendered":"Nigerian govt announces date to commence local vehicle manufacturing"},"content":{"rendered":"<ul>\n<li><strong>Says the country can produce vehicles, including motorcycles, tricycles, sedans and heavy trucks<\/strong><\/li>\n<\/ul>\n<p>The Nigerian government plans to commence local manufacturing of vehicles in the next ten years.<\/p>\n<p>Minister of Industry, Trade and Investment Doris Uzoka-Anite disclosed this on Friday at the launch of the Nigeria Automotive Industry Development Plan.<\/p>\n<p>The Minister stated this on Friday while launching the Nigeria Automotive Industry Development Plan at a gathering that was attended by stakeholders drawn from the private and public sectors.<\/p>\n<p>According to her, the country can produce vehicles, including motorcycles, tricycles, sedans and heavy trucks.<\/p>\n<p>The Minister noted that the goal was to cut down on the cost of purchasing vehicles in the country.<\/p>\n<p>\u201cNigeria can produce its vehicles. We have the raw materials, we have the skills, we have a market, and now we have a plan that can help us produce our vehicles.<\/p>\n<p>\u201cThese vehicles include motorcycles, tricycles, sedans, and heavy-duty trucks.<\/p>\n<p>\u201cWith this plan, we should see Nigeria fully producing its own vehicles within ten years. Our goal is to reduce the cost of purchasing a vehicle for the average Nigerian,\u201d he said.<\/p>\n<p>In his remarks, the Director General of the National Automotive Design and Development Council, Joseph Osanipin, stated that the policy proposed to help actualise the plan was a five-year tax holiday for assemblers of vehicles in Nigeria.<\/p>\n<p>He said, \u201cThrough such fiscal initiatives, there is a deliberate focus on backward integration and component production.\u201d<\/p>\n<p>The development comes as vehicle imports climbed by 226.46 per cent to N1,063 trillion in 2023 from N325. 05 billion in 2022, according to data from the <a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/03\/27\/nigerias-public-debt-stock-rises-to-n97-34trn-in-q4-2023-nbs\/\" target=\"_blank\" rel=\"noopener\">National Bureau of Statistics<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Says the country can produce vehicles, including motorcycles, tricycles, sedans and heavy trucks The Nigerian government plans to commence local manufacturing of vehicles in the next ten years. Minister of Industry, Trade and Investment Doris Uzoka-Anite disclosed this on Friday at the launch of the Nigeria Automotive Industry Development Plan. The Minister stated this on [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":316788,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[2],"tags":[77791,77792,12109,3798],"class_list":["post-316779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-local-vehicle-manufacturing","tag-nigeria-automotive-industry-development-plan","tag-nigerian-govt","tag-vehicles"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - 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