https://en.sputniknews.africa/20250221/nigeria-mulls-restricting-foreign-vehicle-imports-to-boost-local-industrial-growth-state-minister-1070767811.html
Nigeria Mulls Restricting Foreign Vehicle Imports to Boost Local Industrial Growth: State Minister
Nigeria Mulls Restricting Foreign Vehicle Imports to Boost Local Industrial Growth: State Minister
Sputnik Africa
Currently, foreign car manufacturers like the Japanese Toyota are not "adding value to Nigeria’s auto industry," despite substantial government purchases of... 21.02.2025, Sputnik Africa
2025-02-21T18:17+0100
2025-02-21T18:17+0100
2025-02-21T19:21+0100
sub-saharan africa
economy
nigeria
abuja
west africa
import
vehicle
industry
cars
development
https://cdn1.img.sputniknews.africa/img/07e9/02/15/1070768367_0:28:1080:636_1920x0_80_0_0_a10f345975ca20e549d363419448058b.jpg
The Nigerian government is considering restrictions on the import of foreign vehicles as part of its efforts to boost local manufacturing and job creation, Minister of State for Industry John Owan Enoh said at the inauguration of the Industrial Revolution Work Group (IRWG) in the Nigerian capital, Abuja.Enoh emphasized the need for decisive action in order to support the local industry and the need for assessment of foreign automakers' contribution to Nigeria's automotive sector before possibly banning certain vehicle imports.The newly launched IRWG, an initiative supporting the Federal Government's Presidential Council on Industrial Revitalization Roadmap, aims to rejuvenate dormant industries, empower local manufacturers, and integrate Nigeria into the global industrial economy, Enoh pointed out.According to ex-Minister of Industry Olusegun Aganga, this is Nigeria's "moment" to create its own manufacturing.
https://en.sputniknews.africa/20250122/nigeria-plans-to-establish-aircraft-manufacturing-firm-says-aviation-minister-1070314295.html
nigeria
abuja
west africa
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2025
News
en_EN
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
economy, nigeria, abuja, west africa, import, vehicle, industry, cars, development
economy, nigeria, abuja, west africa, import, vehicle, industry, cars, development
Nigeria Mulls Restricting Foreign Vehicle Imports to Boost Local Industrial Growth: State Minister
18:17 21.02.2025 (Updated: 19:21 21.02.2025) Elizaveta Roschina
Writer/Editor
Currently, foreign car manufacturers like the Japanese Toyota are not "adding value to Nigeria’s auto industry," despite substantial government purchases of foreign vehicles, the minister of state for industry noted.
The Nigerian government is considering restrictions on the import of foreign vehicles as part of its efforts to boost local manufacturing and job creation, Minister of State for Industry John Owan Enoh said at the inauguration of the Industrial Revolution Work Group (IRWG) in the Nigerian capital, Abuja.
"For instance, Toyota, can you imagine the number of Toyota vehicles that are bought by the government and its agencies? […] We must stop contributing to job creation abroad and not jobs created in the country," local media quoted the Nigerian official as saying at the ceremony.
Enoh emphasized the need for decisive action in order to support the local industry and the need for assessment of foreign automakers' contribution to Nigeria's automotive sector before possibly banning certain vehicle imports.
"At some point, we need to be dramatic and take dramatic positions; otherwise, things will not change. We need to get to a point where we will give a timeline," he said. "If we do not find anything evidently in our country to demonstrate their work, we will still ban some classes of vehicles.”
The newly launched IRWG, an initiative supporting the Federal Government's Presidential Council on Industrial Revitalization Roadmap, aims to rejuvenate dormant industries, empower
local manufacturers, and integrate Nigeria into the global industrial economy, Enoh pointed out.
According to ex-Minister of Industry Olusegun Aganga, this is Nigeria's "moment" to create its own manufacturing.
"Let history remember us as the generation that refused to let Nigeria remain a consumer economy, that fought to revive our industries, and that took bold and decisive steps to create an industrial revolution worthy of the greatness of this nation," Aganga stated, adding that there must be a "shared commitment to the principles of industrial excellence" from the government, industry, finance, and academia.
