In an effort to set the wheels
of the Nigerian automotive industry on the path of growth and expansion, the
Federal Government formulated the Nigerian Automotive Industry Development Plan
(NAIDP). This plan would provide incentives that are targeted at creating an
environment for existing assembly plants to thrive and also attract new
investors in the automotive industry.
To jumpstart this plan, the Nigerian
Government launched a Vehicle Finance Scheme that would help Nigerians own new
cars.
The scheme will help to create the
needed demand for domestic players in the automotive industry, as individuals
with a sustainable source of income would be able to acquire their choice car
by depositing just 10% of the total cost, while the balance would be paid in
monthly installments within a stipulated number of years.
As one of the plans
to lift Nigeria’s economy in the post-covid-19 era, the Federal Government of
Nigeria will be partnering other agencies to train 500 Nigerian Youths, in
automobile engineering.
Trade Nigeria is
projecting A National Automobile and Automotive Training Program, this
programme has three ministries, JICA Nigeria, Toyota, and Nissan automobile
Japan as partners. It is expected to take place very soon.
The President of
Trade Nigeria, Hon. Nwabueze Buchi George said the programme is one of the many
programmes they have lined up to alleviate the lots of Nigerian Youths
especially as the world prepares for life after the covid-19 pandemic.
Hon. Buchi George
said the Nigeria National Automobile Training program, is part of their
Train-Nigeria, Learn-Nigeria Project for 2021, adding that he is excited with
the number of endorsements the programme has seen so far.
Federal Ministry of
Special Duties and Inter-Governmental Affairs; Federal Ministry of Humanitarian
Affairs, Disaster Management and Social Development as well as the Federal
Ministry of Niger Delta Affairs are the three ministries involved with the
programme, with Hon. Buchi George saying that their presence will further solidify
the international partnerships and help in maximizing the missions of the
programme.
“The mission is
simple, to reduce unemployment among youths in the country, but the other side
of it that we will be using it to start a revolution for the service sector of
Nigeria” he concluded
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