Director-General of the National Automotive Council, Mr. Aminu Jalal has revealed that 35 companies have been licensed by the Federal Ministry of Finance to assemble automobiles in Nigeria.
Jalal, who was represented by the Director, Policy and Planning, NAC Mr. Lukman Mahmud said this during the maiden edition of Automedics Autofest 2015 in Lagos on Monday.
He said “From October 2013 till date, 35 companies have been licensed by the FMF to assemble automobiles in Nigeria. Already, totally green plants have commenced CKD operations. Installed capacity is 358,000 new vehicles per annum. Statistics on actual production is being compiled.
He also added that slow implementation of the auto policy is discouraging local investors.
He said “The National Automotive Industry Development Plan has a vehicle purchase scheme to leverage on the levies collected on imported fully built vehicles. This will make vehicles available to Nigerians at costs below market rates and under friendly terms.
“Application for operating licence has been sent to the Central Bank of Nigeria and another to the Accountant General of the Federation to access the cumulative levies collected.”