FG moves to raise local vehicle production from 8% to 70%

The Federal Government is targeting an increase in local vehicle production from less than eight percent of Nigeria’s vehicle demand to 70 percent, as it steps up efforts to deepen domestic manufacturing, create jobs and reduce dependence on imported vehicles and components. Joseph Osanipin, Director-General of the National Automotive Design and Development Council (NADDC), disclosed this on Friday in Abuja at a press conference on the implementation of the Nigeria First Policy in the automotive sector. Osanipin said the government was working towards a future in which Nigerian assemblers could produce up to 70 percent of the vehicles required locally, from an estimated domestic production capacity that currently meets less than eight percent of the country’s needs. “What we are doing now is very, very low. We are doing about less than 8% of what we are using in Nigeria. Can we take that 8% to 20%, to 40%, and then to 70%. “By the time these policies succeed, the major beneficiary may not even be the assembler themselves, the major beneficiary will be the local content manufacturers. “We don’t want you to see this one as a freebie just to sell. No, we want you to see this one as an opportunity to grow the industry,” he said He said assemblers would be expected to move beyond semi-knocked-down (SKD) assembly towards completely knocked-down (CKD) production, which involves greater local input and component manufacturing. He added that the council would monitor manufacturers’ investments, employment levels, production growth and delivery standards to ensure government patronage translated into wider industrial benefits. According to him, local component manufacturers could emerge as major beneficiaries because vehicle maintenance and replacement parts create demand throughout the lifespan of every vehicle sold. He said Nigeria would also need to develop local content to meet the African Continental Free Trade Area (AfCFTA) rules of origin, which he said require 40 percent local components for qualifying products to access preferential trade across the continent. On lowering vehicle prices through higher production volumes: “By the time the volume increases, the price is going to drop because the assemblers want to sell more of those vehicles. “We expect you to provide after-sales service. We expect you to continue to expand, reinvest and employ more Nigerians,” he explained He said the policy was designed to expand the market for locally assembled vehicles, encourage investment in component manufacturing and gradually increase the proportion of vehicle parts produced in Nigeria. The NADDC director-general said the country’s vehicle assembly capacity was estimated at between 400,000 and 500,000 units annually, with facilities operated by manufacturers including PAN Nigeria, Innoson Vehicle Manufacturing and CIG Motors. He added that some manufacturers had the capacity to produce tens of thousands of vehicles annually, but increased patronage was necessary to support expansion and lower production costs. According to him, the policy aims to raise local production from less than eight percent to 20 percent, 40 percent and eventually 70 percent of domestic demand. Adebowale Adedokun, Director-General of the Bureau of Public Procurement (BPP), said the Federal Government had directed all federal government entities to prioritise the procurement of Nigerian-assembled vehicles. Adedokun said the government moved beyond policy declarations to implementation by establishing procurement guidelines and working with automotive industry stakeholders to address concerns over market access. He said local assemblers had previously expressed concerns about whether Nigerians, including government institutions, would buy their products despite investments in manufacturing. To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. 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Joseph Osanipin, Director-General of the National Automotive Design and Development Council (NADDC), disclosed this on Friday in Abuja at a press conference on the implementation of the Nigeria First Policy in the automotive sector. Osanipin said the government was working towards a future in which Nigerian assemblers could produce up to 70 percent of the vehicles required locally, from an estimated domestic production capacity that currently meets less than eight percent of the country’s needs. “What we are doing now is very, very low. We are doing about less than 8% of what we are using in Nigeria. Can we take that 8% to 20%, to 40%, and then to 70%. “By the time these policies succeed, the major beneficiary may not even be the assembler themselves, the major beneficiary will be the local content manufacturers. “We don’t want you to see this one as a freebie just to sell. No, we want you to see this one as an opportunity to grow the industry,” he said He said assemblers would be expected to move beyond semi-knocked-down (SKD) assembly towards completely knocked-down (CKD) production, which involves greater local input and component manufacturing. He added that the council would monitor manufacturers’ investments, employment levels, production growth and delivery standards to ensure government patronage translated into wider industrial benefits. According to him, local component manufacturers could emerge as major beneficiaries because vehicle maintenance and replacement parts create demand throughout the lifespan of every vehicle sold. He said Nigeria would also need to develop local content to meet the African Continental Free Trade Area (AfCFTA) rules of origin, which he said require 40 percent local components for qualifying products to access preferential trade across the continent. On lowering vehicle prices through higher production volumes: “By the time the volume increases, the price is going to drop because the assemblers want to sell more of those vehicles. “We expect you to provide after-sales service. We expect you to continue to expand, reinvest and employ more Nigerians,” he explained He said the policy was designed to expand the market for locally assembled vehicles, encourage investment in component manufacturing and gradually increase the proportion of vehicle parts produced in Nigeria. The NADDC director-general said the country’s vehicle assembly capacity was estimated at between 400,000 and 500,000 units annually, with facilities operated by manufacturers including PAN Nigeria, Innoson Vehicle Manufacturing and CIG Motors. He added that some manufacturers had the capacity to produce tens of thousands of vehicles annually, but increased patronage was necessary to support expansion and lower production costs. According to him, the policy aims to raise local production from less than eight percent to 20 percent, 40 percent and eventually 70 percent of domestic demand. Adebowale Adedokun, Director-General of the Bureau of Public Procurement (BPP), said the Federal Government had directed all federal government entities to prioritise the procurement of Nigerian-assembled vehicles. Adedokun said the government moved beyond policy declarations to implementation by establishing procurement guidelines and working with automotive industry stakeholders to address concerns over market access. He said local assemblers had previously expressed concerns about whether Nigerians, including government institutions, would buy their products despite investments in manufacturing. To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

Osanipin said the government was working towards a future in which Nigerian assemblers could produce up to 70 percent of the vehicles required locally, from an estimated domestic production capacity that currently meets less than eight percent of the country’s needs. “What we are doing now is very, very low. We are doing about less than 8% of what we are using in Nigeria. Can we take that 8% to 20%, to 40%, and then to 70%. “By the time these policies succeed, the major beneficiary may not even be the assembler themselves, the major beneficiary will be the local content manufacturers. “We don’t want you to see this one as a freebie just to sell. No, we want you to see this one as an opportunity to grow the industry,” he said He said assemblers would be expected to move beyond semi-knocked-down (SKD) assembly towards completely knocked-down (CKD) production, which involves greater local input and component manufacturing. He added that the council would monitor manufacturers’ investments, employment levels, production growth and delivery standards to ensure government patronage translated into wider industrial benefits. According to him, local component manufacturers could emerge as major beneficiaries because vehicle maintenance and replacement parts create demand throughout the lifespan of every vehicle sold. He said Nigeria would also need to develop local content to meet the African Continental Free Trade Area (AfCFTA) rules of origin, which he said require 40 percent local components for qualifying products to access preferential trade across the continent. On lowering vehicle prices through higher production volumes: “By the time the volume increases, the price is going to drop because the assemblers want to sell more of those vehicles. “We expect you to provide after-sales service. We expect you to continue to expand, reinvest and employ more Nigerians,” he explained He said the policy was designed to expand the market for locally assembled vehicles, encourage investment in component manufacturing and gradually increase the proportion of vehicle parts produced in Nigeria. The NADDC director-general said the country’s vehicle assembly capacity was estimated at between 400,000 and 500,000 units annually, with facilities operated by manufacturers including PAN Nigeria, Innoson Vehicle Manufacturing and CIG Motors. He added that some manufacturers had the capacity to produce tens of thousands of vehicles annually, but increased patronage was necessary to support expansion and lower production costs. According to him, the policy aims to raise local production from less than eight percent to 20 percent, 40 percent and eventually 70 percent of domestic demand. Adebowale Adedokun, Director-General of the Bureau of Public Procurement (BPP), said the Federal Government had directed all federal government entities to prioritise the procurement of Nigerian-assembled vehicles. Adedokun said the government moved beyond policy declarations to implementation by establishing procurement guidelines and working with automotive industry stakeholders to address concerns over market access. He said local assemblers had previously expressed concerns about whether Nigerians, including government institutions, would buy their products despite investments in manufacturing. To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

“What we are doing now is very, very low. We are doing about less than 8% of what we are using in Nigeria. Can we take that 8% to 20%, to 40%, and then to 70%. “By the time these policies succeed, the major beneficiary may not even be the assembler themselves, the major beneficiary will be the local content manufacturers. “We don’t want you to see this one as a freebie just to sell. No, we want you to see this one as an opportunity to grow the industry,” he said He said assemblers would be expected to move beyond semi-knocked-down (SKD) assembly towards completely knocked-down (CKD) production, which involves greater local input and component manufacturing. He added that the council would monitor manufacturers’ investments, employment levels, production growth and delivery standards to ensure government patronage translated into wider industrial benefits. According to him, local component manufacturers could emerge as major beneficiaries because vehicle maintenance and replacement parts create demand throughout the lifespan of every vehicle sold. He said Nigeria would also need to develop local content to meet the African Continental Free Trade Area (AfCFTA) rules of origin, which he said require 40 percent local components for qualifying products to access preferential trade across the continent. On lowering vehicle prices through higher production volumes: “By the time the volume increases, the price is going to drop because the assemblers want to sell more of those vehicles. “We expect you to provide after-sales service. We expect you to continue to expand, reinvest and employ more Nigerians,” he explained He said the policy was designed to expand the market for locally assembled vehicles, encourage investment in component manufacturing and gradually increase the proportion of vehicle parts produced in Nigeria. The NADDC director-general said the country’s vehicle assembly capacity was estimated at between 400,000 and 500,000 units annually, with facilities operated by manufacturers including PAN Nigeria, Innoson Vehicle Manufacturing and CIG Motors. He added that some manufacturers had the capacity to produce tens of thousands of vehicles annually, but increased patronage was necessary to support expansion and lower production costs. According to him, the policy aims to raise local production from less than eight percent to 20 percent, 40 percent and eventually 70 percent of domestic demand. Adebowale Adedokun, Director-General of the Bureau of Public Procurement (BPP), said the Federal Government had directed all federal government entities to prioritise the procurement of Nigerian-assembled vehicles. Adedokun said the government moved beyond policy declarations to implementation by establishing procurement guidelines and working with automotive industry stakeholders to address concerns over market access. He said local assemblers had previously expressed concerns about whether Nigerians, including government institutions, would buy their products despite investments in manufacturing. To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

“By the time these policies succeed, the major beneficiary may not even be the assembler themselves, the major beneficiary will be the local content manufacturers. “We don’t want you to see this one as a freebie just to sell. No, we want you to see this one as an opportunity to grow the industry,” he said He said assemblers would be expected to move beyond semi-knocked-down (SKD) assembly towards completely knocked-down (CKD) production, which involves greater local input and component manufacturing. He added that the council would monitor manufacturers’ investments, employment levels, production growth and delivery standards to ensure government patronage translated into wider industrial benefits. According to him, local component manufacturers could emerge as major beneficiaries because vehicle maintenance and replacement parts create demand throughout the lifespan of every vehicle sold. He said Nigeria would also need to develop local content to meet the African Continental Free Trade Area (AfCFTA) rules of origin, which he said require 40 percent local components for qualifying products to access preferential trade across the continent. On lowering vehicle prices through higher production volumes: “By the time the volume increases, the price is going to drop because the assemblers want to sell more of those vehicles. “We expect you to provide after-sales service. We expect you to continue to expand, reinvest and employ more Nigerians,” he explained He said the policy was designed to expand the market for locally assembled vehicles, encourage investment in component manufacturing and gradually increase the proportion of vehicle parts produced in Nigeria. The NADDC director-general said the country’s vehicle assembly capacity was estimated at between 400,000 and 500,000 units annually, with facilities operated by manufacturers including PAN Nigeria, Innoson Vehicle Manufacturing and CIG Motors. He added that some manufacturers had the capacity to produce tens of thousands of vehicles annually, but increased patronage was necessary to support expansion and lower production costs. According to him, the policy aims to raise local production from less than eight percent to 20 percent, 40 percent and eventually 70 percent of domestic demand. Adebowale Adedokun, Director-General of the Bureau of Public Procurement (BPP), said the Federal Government had directed all federal government entities to prioritise the procurement of Nigerian-assembled vehicles. Adedokun said the government moved beyond policy declarations to implementation by establishing procurement guidelines and working with automotive industry stakeholders to address concerns over market access. He said local assemblers had previously expressed concerns about whether Nigerians, including government institutions, would buy their products despite investments in manufacturing. To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

“We don’t want you to see this one as a freebie just to sell. No, we want you to see this one as an opportunity to grow the industry,” he said He said assemblers would be expected to move beyond semi-knocked-down (SKD) assembly towards completely knocked-down (CKD) production, which involves greater local input and component manufacturing. He added that the council would monitor manufacturers’ investments, employment levels, production growth and delivery standards to ensure government patronage translated into wider industrial benefits. According to him, local component manufacturers could emerge as major beneficiaries because vehicle maintenance and replacement parts create demand throughout the lifespan of every vehicle sold. He said Nigeria would also need to develop local content to meet the African Continental Free Trade Area (AfCFTA) rules of origin, which he said require 40 percent local components for qualifying products to access preferential trade across the continent. On lowering vehicle prices through higher production volumes: “By the time the volume increases, the price is going to drop because the assemblers want to sell more of those vehicles. “We expect you to provide after-sales service. We expect you to continue to expand, reinvest and employ more Nigerians,” he explained He said the policy was designed to expand the market for locally assembled vehicles, encourage investment in component manufacturing and gradually increase the proportion of vehicle parts produced in Nigeria. The NADDC director-general said the country’s vehicle assembly capacity was estimated at between 400,000 and 500,000 units annually, with facilities operated by manufacturers including PAN Nigeria, Innoson Vehicle Manufacturing and CIG Motors. He added that some manufacturers had the capacity to produce tens of thousands of vehicles annually, but increased patronage was necessary to support expansion and lower production costs. According to him, the policy aims to raise local production from less than eight percent to 20 percent, 40 percent and eventually 70 percent of domestic demand. Adebowale Adedokun, Director-General of the Bureau of Public Procurement (BPP), said the Federal Government had directed all federal government entities to prioritise the procurement of Nigerian-assembled vehicles. Adedokun said the government moved beyond policy declarations to implementation by establishing procurement guidelines and working with automotive industry stakeholders to address concerns over market access. He said local assemblers had previously expressed concerns about whether Nigerians, including government institutions, would buy their products despite investments in manufacturing. To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

He said assemblers would be expected to move beyond semi-knocked-down (SKD) assembly towards completely knocked-down (CKD) production, which involves greater local input and component manufacturing. He added that the council would monitor manufacturers’ investments, employment levels, production growth and delivery standards to ensure government patronage translated into wider industrial benefits. According to him, local component manufacturers could emerge as major beneficiaries because vehicle maintenance and replacement parts create demand throughout the lifespan of every vehicle sold. He said Nigeria would also need to develop local content to meet the African Continental Free Trade Area (AfCFTA) rules of origin, which he said require 40 percent local components for qualifying products to access preferential trade across the continent. On lowering vehicle prices through higher production volumes: “By the time the volume increases, the price is going to drop because the assemblers want to sell more of those vehicles. “We expect you to provide after-sales service. We expect you to continue to expand, reinvest and employ more Nigerians,” he explained He said the policy was designed to expand the market for locally assembled vehicles, encourage investment in component manufacturing and gradually increase the proportion of vehicle parts produced in Nigeria. The NADDC director-general said the country’s vehicle assembly capacity was estimated at between 400,000 and 500,000 units annually, with facilities operated by manufacturers including PAN Nigeria, Innoson Vehicle Manufacturing and CIG Motors. He added that some manufacturers had the capacity to produce tens of thousands of vehicles annually, but increased patronage was necessary to support expansion and lower production costs. According to him, the policy aims to raise local production from less than eight percent to 20 percent, 40 percent and eventually 70 percent of domestic demand. Adebowale Adedokun, Director-General of the Bureau of Public Procurement (BPP), said the Federal Government had directed all federal government entities to prioritise the procurement of Nigerian-assembled vehicles. Adedokun said the government moved beyond policy declarations to implementation by establishing procurement guidelines and working with automotive industry stakeholders to address concerns over market access. He said local assemblers had previously expressed concerns about whether Nigerians, including government institutions, would buy their products despite investments in manufacturing. To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

He added that the council would monitor manufacturers’ investments, employment levels, production growth and delivery standards to ensure government patronage translated into wider industrial benefits. According to him, local component manufacturers could emerge as major beneficiaries because vehicle maintenance and replacement parts create demand throughout the lifespan of every vehicle sold. He said Nigeria would also need to develop local content to meet the African Continental Free Trade Area (AfCFTA) rules of origin, which he said require 40 percent local components for qualifying products to access preferential trade across the continent. On lowering vehicle prices through higher production volumes: “By the time the volume increases, the price is going to drop because the assemblers want to sell more of those vehicles. “We expect you to provide after-sales service. We expect you to continue to expand, reinvest and employ more Nigerians,” he explained He said the policy was designed to expand the market for locally assembled vehicles, encourage investment in component manufacturing and gradually increase the proportion of vehicle parts produced in Nigeria. The NADDC director-general said the country’s vehicle assembly capacity was estimated at between 400,000 and 500,000 units annually, with facilities operated by manufacturers including PAN Nigeria, Innoson Vehicle Manufacturing and CIG Motors. He added that some manufacturers had the capacity to produce tens of thousands of vehicles annually, but increased patronage was necessary to support expansion and lower production costs. According to him, the policy aims to raise local production from less than eight percent to 20 percent, 40 percent and eventually 70 percent of domestic demand. Adebowale Adedokun, Director-General of the Bureau of Public Procurement (BPP), said the Federal Government had directed all federal government entities to prioritise the procurement of Nigerian-assembled vehicles. Adedokun said the government moved beyond policy declarations to implementation by establishing procurement guidelines and working with automotive industry stakeholders to address concerns over market access. He said local assemblers had previously expressed concerns about whether Nigerians, including government institutions, would buy their products despite investments in manufacturing. To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

According to him, local component manufacturers could emerge as major beneficiaries because vehicle maintenance and replacement parts create demand throughout the lifespan of every vehicle sold. He said Nigeria would also need to develop local content to meet the African Continental Free Trade Area (AfCFTA) rules of origin, which he said require 40 percent local components for qualifying products to access preferential trade across the continent. On lowering vehicle prices through higher production volumes: “By the time the volume increases, the price is going to drop because the assemblers want to sell more of those vehicles. “We expect you to provide after-sales service. We expect you to continue to expand, reinvest and employ more Nigerians,” he explained He said the policy was designed to expand the market for locally assembled vehicles, encourage investment in component manufacturing and gradually increase the proportion of vehicle parts produced in Nigeria. The NADDC director-general said the country’s vehicle assembly capacity was estimated at between 400,000 and 500,000 units annually, with facilities operated by manufacturers including PAN Nigeria, Innoson Vehicle Manufacturing and CIG Motors. He added that some manufacturers had the capacity to produce tens of thousands of vehicles annually, but increased patronage was necessary to support expansion and lower production costs. According to him, the policy aims to raise local production from less than eight percent to 20 percent, 40 percent and eventually 70 percent of domestic demand. Adebowale Adedokun, Director-General of the Bureau of Public Procurement (BPP), said the Federal Government had directed all federal government entities to prioritise the procurement of Nigerian-assembled vehicles. Adedokun said the government moved beyond policy declarations to implementation by establishing procurement guidelines and working with automotive industry stakeholders to address concerns over market access. He said local assemblers had previously expressed concerns about whether Nigerians, including government institutions, would buy their products despite investments in manufacturing. To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

He said Nigeria would also need to develop local content to meet the African Continental Free Trade Area (AfCFTA) rules of origin, which he said require 40 percent local components for qualifying products to access preferential trade across the continent. On lowering vehicle prices through higher production volumes: “By the time the volume increases, the price is going to drop because the assemblers want to sell more of those vehicles. “We expect you to provide after-sales service. We expect you to continue to expand, reinvest and employ more Nigerians,” he explained He said the policy was designed to expand the market for locally assembled vehicles, encourage investment in component manufacturing and gradually increase the proportion of vehicle parts produced in Nigeria. The NADDC director-general said the country’s vehicle assembly capacity was estimated at between 400,000 and 500,000 units annually, with facilities operated by manufacturers including PAN Nigeria, Innoson Vehicle Manufacturing and CIG Motors. He added that some manufacturers had the capacity to produce tens of thousands of vehicles annually, but increased patronage was necessary to support expansion and lower production costs. According to him, the policy aims to raise local production from less than eight percent to 20 percent, 40 percent and eventually 70 percent of domestic demand. Adebowale Adedokun, Director-General of the Bureau of Public Procurement (BPP), said the Federal Government had directed all federal government entities to prioritise the procurement of Nigerian-assembled vehicles. Adedokun said the government moved beyond policy declarations to implementation by establishing procurement guidelines and working with automotive industry stakeholders to address concerns over market access. He said local assemblers had previously expressed concerns about whether Nigerians, including government institutions, would buy their products despite investments in manufacturing. To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

On lowering vehicle prices through higher production volumes: “By the time the volume increases, the price is going to drop because the assemblers want to sell more of those vehicles. “We expect you to provide after-sales service. We expect you to continue to expand, reinvest and employ more Nigerians,” he explained He said the policy was designed to expand the market for locally assembled vehicles, encourage investment in component manufacturing and gradually increase the proportion of vehicle parts produced in Nigeria. The NADDC director-general said the country’s vehicle assembly capacity was estimated at between 400,000 and 500,000 units annually, with facilities operated by manufacturers including PAN Nigeria, Innoson Vehicle Manufacturing and CIG Motors. He added that some manufacturers had the capacity to produce tens of thousands of vehicles annually, but increased patronage was necessary to support expansion and lower production costs. According to him, the policy aims to raise local production from less than eight percent to 20 percent, 40 percent and eventually 70 percent of domestic demand. Adebowale Adedokun, Director-General of the Bureau of Public Procurement (BPP), said the Federal Government had directed all federal government entities to prioritise the procurement of Nigerian-assembled vehicles. Adedokun said the government moved beyond policy declarations to implementation by establishing procurement guidelines and working with automotive industry stakeholders to address concerns over market access. He said local assemblers had previously expressed concerns about whether Nigerians, including government institutions, would buy their products despite investments in manufacturing. To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

“By the time the volume increases, the price is going to drop because the assemblers want to sell more of those vehicles. “We expect you to provide after-sales service. We expect you to continue to expand, reinvest and employ more Nigerians,” he explained He said the policy was designed to expand the market for locally assembled vehicles, encourage investment in component manufacturing and gradually increase the proportion of vehicle parts produced in Nigeria. The NADDC director-general said the country’s vehicle assembly capacity was estimated at between 400,000 and 500,000 units annually, with facilities operated by manufacturers including PAN Nigeria, Innoson Vehicle Manufacturing and CIG Motors. He added that some manufacturers had the capacity to produce tens of thousands of vehicles annually, but increased patronage was necessary to support expansion and lower production costs. According to him, the policy aims to raise local production from less than eight percent to 20 percent, 40 percent and eventually 70 percent of domestic demand. Adebowale Adedokun, Director-General of the Bureau of Public Procurement (BPP), said the Federal Government had directed all federal government entities to prioritise the procurement of Nigerian-assembled vehicles. Adedokun said the government moved beyond policy declarations to implementation by establishing procurement guidelines and working with automotive industry stakeholders to address concerns over market access. He said local assemblers had previously expressed concerns about whether Nigerians, including government institutions, would buy their products despite investments in manufacturing. To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

“We expect you to provide after-sales service. We expect you to continue to expand, reinvest and employ more Nigerians,” he explained He said the policy was designed to expand the market for locally assembled vehicles, encourage investment in component manufacturing and gradually increase the proportion of vehicle parts produced in Nigeria. The NADDC director-general said the country’s vehicle assembly capacity was estimated at between 400,000 and 500,000 units annually, with facilities operated by manufacturers including PAN Nigeria, Innoson Vehicle Manufacturing and CIG Motors. He added that some manufacturers had the capacity to produce tens of thousands of vehicles annually, but increased patronage was necessary to support expansion and lower production costs. According to him, the policy aims to raise local production from less than eight percent to 20 percent, 40 percent and eventually 70 percent of domestic demand. Adebowale Adedokun, Director-General of the Bureau of Public Procurement (BPP), said the Federal Government had directed all federal government entities to prioritise the procurement of Nigerian-assembled vehicles. Adedokun said the government moved beyond policy declarations to implementation by establishing procurement guidelines and working with automotive industry stakeholders to address concerns over market access. He said local assemblers had previously expressed concerns about whether Nigerians, including government institutions, would buy their products despite investments in manufacturing. To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

He said the policy was designed to expand the market for locally assembled vehicles, encourage investment in component manufacturing and gradually increase the proportion of vehicle parts produced in Nigeria. The NADDC director-general said the country’s vehicle assembly capacity was estimated at between 400,000 and 500,000 units annually, with facilities operated by manufacturers including PAN Nigeria, Innoson Vehicle Manufacturing and CIG Motors. He added that some manufacturers had the capacity to produce tens of thousands of vehicles annually, but increased patronage was necessary to support expansion and lower production costs. According to him, the policy aims to raise local production from less than eight percent to 20 percent, 40 percent and eventually 70 percent of domestic demand. Adebowale Adedokun, Director-General of the Bureau of Public Procurement (BPP), said the Federal Government had directed all federal government entities to prioritise the procurement of Nigerian-assembled vehicles. Adedokun said the government moved beyond policy declarations to implementation by establishing procurement guidelines and working with automotive industry stakeholders to address concerns over market access. He said local assemblers had previously expressed concerns about whether Nigerians, including government institutions, would buy their products despite investments in manufacturing. To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

The NADDC director-general said the country’s vehicle assembly capacity was estimated at between 400,000 and 500,000 units annually, with facilities operated by manufacturers including PAN Nigeria, Innoson Vehicle Manufacturing and CIG Motors. He added that some manufacturers had the capacity to produce tens of thousands of vehicles annually, but increased patronage was necessary to support expansion and lower production costs. According to him, the policy aims to raise local production from less than eight percent to 20 percent, 40 percent and eventually 70 percent of domestic demand. Adebowale Adedokun, Director-General of the Bureau of Public Procurement (BPP), said the Federal Government had directed all federal government entities to prioritise the procurement of Nigerian-assembled vehicles. Adedokun said the government moved beyond policy declarations to implementation by establishing procurement guidelines and working with automotive industry stakeholders to address concerns over market access. He said local assemblers had previously expressed concerns about whether Nigerians, including government institutions, would buy their products despite investments in manufacturing. To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

He added that some manufacturers had the capacity to produce tens of thousands of vehicles annually, but increased patronage was necessary to support expansion and lower production costs. According to him, the policy aims to raise local production from less than eight percent to 20 percent, 40 percent and eventually 70 percent of domestic demand. Adebowale Adedokun, Director-General of the Bureau of Public Procurement (BPP), said the Federal Government had directed all federal government entities to prioritise the procurement of Nigerian-assembled vehicles. Adedokun said the government moved beyond policy declarations to implementation by establishing procurement guidelines and working with automotive industry stakeholders to address concerns over market access. He said local assemblers had previously expressed concerns about whether Nigerians, including government institutions, would buy their products despite investments in manufacturing. To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

According to him, the policy aims to raise local production from less than eight percent to 20 percent, 40 percent and eventually 70 percent of domestic demand. Adebowale Adedokun, Director-General of the Bureau of Public Procurement (BPP), said the Federal Government had directed all federal government entities to prioritise the procurement of Nigerian-assembled vehicles. Adedokun said the government moved beyond policy declarations to implementation by establishing procurement guidelines and working with automotive industry stakeholders to address concerns over market access. He said local assemblers had previously expressed concerns about whether Nigerians, including government institutions, would buy their products despite investments in manufacturing. To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

Adebowale Adedokun, Director-General of the Bureau of Public Procurement (BPP), said the Federal Government had directed all federal government entities to prioritise the procurement of Nigerian-assembled vehicles. Adedokun said the government moved beyond policy declarations to implementation by establishing procurement guidelines and working with automotive industry stakeholders to address concerns over market access. He said local assemblers had previously expressed concerns about whether Nigerians, including government institutions, would buy their products despite investments in manufacturing. To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

Adedokun said the government moved beyond policy declarations to implementation by establishing procurement guidelines and working with automotive industry stakeholders to address concerns over market access. He said local assemblers had previously expressed concerns about whether Nigerians, including government institutions, would buy their products despite investments in manufacturing. To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

He said local assemblers had previously expressed concerns about whether Nigerians, including government institutions, would buy their products despite investments in manufacturing. To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

To address the challenge, the BPP has introduced measures requiring federal agencies to prioritise locally assembled vehicles, while strengthening monitoring to ensure compliance with the directive. Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

Adedokun said the policy had already contributed to a significant reduction in the prices of some locally assembled vehicles. Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

Using a vehicle procurement in his office as an example, he said a model previously listed at more than N70 million was later purchased for about N35 million following the policy’s implementation and negotiations with the manufacturer. He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

He said further discounts were offered when the office considered purchasing additional units, illustrating how increased order volumes could reduce costs. “The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

“The money for one gave me two in this same economy,” Adedokun said, referring to the reduction in the vehicle’s price. He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

He said the government was also introducing stricter monitoring and evaluation mechanisms to ensure that assemblers receiving government patronage met requirements on product quality, innovation, maintenance and after-sales services. Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

Under the framework, manufacturers that violate the procurement guidelines could be sanctioned or barred from supplying vehicles to federal government institutions. Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

Adedokun said federal ministries, departments and agencies would be required to submit monthly and quarterly reports on their procurement activities to the BPP, enabling the bureau to track compliance and report violations to the Presidency. He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

He added that anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), were also seeking procurement information to monitor vehicle purchases by government institutions. The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

The Accountant-General’s office is also involved in the process, with payments for vehicle purchases expected to be checked against the relevant BPP no-objection approval. Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

Bawo Omagbitse, Chairman of the Nigerian Automotive Manufacturers Association, described the policy as a means of reducing investment risks in the automotive sector by providing manufacturers with a more predictable market. He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

He said sustained government patronage could encourage manufacturers to invest in production capacity and local content, while also supporting the development of after-sales services across the country. Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

Anslem Ilekuba, National Coordinator of the Automotive Local Component Manufacturers Association of Nigeria, said the policy was generating interest among international manufacturers seeking to collaborate with Nigerian businesses. Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

Ilekuba said a technology transfer programme had attracted interest from about 3,500 manufacturers in China, adding that greater local production and component sourcing could help conserve foreign exchange and create employment. He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

He said the association was also working towards a digital platform to connect buyers with Nigerian component manufacturers and improve traceability by identifying producers and distributors of automotive parts. The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share

The government said implementation would be supported by continued collaboration between the BPP, NADDC and industry stakeholders, with the aim of expanding local production, improving vehicle affordability and positioning Nigeria as a competitive automotive manufacturing hub. Related News Ondo signs $362m titanium mega-plant deal, first in Nigeria Ogaga Ifowodo clinches $100,000 Africa’s highest literary prize after failed attempts UK study visa crackdown: Nigeria, Pakistan bear brunt with withdrawals Share