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Federal Government has set a target of December for the manufacture of made-in-Nigeria cars for local use and export.
Minister of Industry, Trade, and Investment, Doris Uzoka-Anite stated this at the Automotive Component Manufacturers meeting in Abuja.
While acknowledging that the automobile industry is faced with both challenges she said the government had provided an enabling environment and manufacturers should be held responsible if the cars are not rolling out by December 2024.
Currently, Nigeria produces less than 10 per cent of the vehicles used in the country.
Last year, Nigeria’s vehicle assembling industry, estimated to be worth around N302bn, dipped to a new low due to increasing production costs and weakened demand for locally assembled automobiles.