NIPC Executive Secretary, Ms. Yewande Sadiku
The implementation of the new automotive policy would create over 700,000 jobs in the country.
Speaking at the stakeholders’ forum on the Nigeria automotive industry, NIPC Executive Secretary, Ms. Yewande Sadiku,noted that the implementation of the automotive policy would create jobs in different clusters in the country and across the automotive value chain.
Sadiku said: “First and foremost, the automotive industry is the most global of industries and a clear policy and strategy will serve as the route map towards Nigeria becoming a major automotive hub and significant contributor to the global value chain.
“This will create much needed jobs, add value, boost exports, help local businesses to grow, stimulate regional development and sustain inclusive economic growth.”
The Nigeria Investment Promotion Council (NIPC) Executive Secretary who was represented at the event by Director, Department of Real Sector, Council, Reuben Kifasi, said it will fast-track the growth and development of other intervening industries such as automotive spare parts, auto servicing, steel industry, rubber, petrochemicals and plastic industries, among others.
She noted that the Nigerian National Automotive Policy (NNAP), enacted in 2014, underlined the commitment the government was making to create an enabling environment where investors, local and international, can profitably serve customers in Nigeria, throughout Africa and beyond.
Sadiku added that the public-private-dialogue was a powerfull vehicle for crafting and realigning policies, and that the feedback from such an experienced and well-informed audience will provide invaluable feedback to temper policy and sharpen strategic direction for a renaissance of the automotive industry in Nigeria.
“As the agency of the government of Nigeria responsible for attracting domestic and foreign investment and helping indigenous companies expand, NIPC is committed in 2017 to closely collaborate with National Automotive Design & Development Council (NADDC) and other key stakeholders to promote investment into the automotive industry,” she said.
The NIPC boss pointed out how the agency was committed to fulfilling its policy advocacy role to sustain improvements to the investment climate, thereby creating a conducive environment for private investors to actively drive the development of the sector for the benefit of the economy and people of Nigeria