BAN CAR IMPORTATION: NAMA Await Implementation Of New Auto Policy


I don’t get this ban of used car importation in Nigeria. This is one law I disagree with, because the poor masses won’t have access to the new cars that will be manufactured locally. Although it will create plenty job opportunities, how about cost of a brand new car? This isn’t a wise decision at all in my opinion and business perspective.  Read below article as reported by Vanguard.

Nigerian Automotive Manufacturers Association, NAMA, said they are anxiously waiting for the implementation of the new national automobile industrial development policy by the Federal Government

They warned that delay in implementation of the new auto policy will afford importers time to undermine it and render it ineffective.

Chief Operating Officer of NAMA, Valentine Maduele, who led other 15 automotive manufacturers including David Valentine Chukwudi Obi of DVC group, Senator Mohammed Sanusi Daggash, Ibrahim Bayero of National Trust, to commend government for the policy, said: “We cannot over-emphasize that the essence of giving immediate effect to the policy is to ensure anticipatory, non-value-adding importers who have amassed a fortune selling imported vehicles to integrate backwards and invest a little percentage of their fortune in developing the local industry”

Madueke said the association consists  of about 16 members now, made up of companies such as PAN Nigeria in Kaduna, National Trucks Manufacturers Limited (NTM) in Kano; Steyr Nigeria Limited in Bauchi; ANAMMCO in Enugu; Innoson Vehicle Manufacturing Company in Nnewi; Zahav Automobile in Lagos;Leyland in Ibadan; VON Automobile, Lagos; Leventis in Lagos; Iron Products Industries Limited in Lagos; Gorgeous Metals Limited in Kaduna; Autobahn Techniques in Lagos; Proforce Limited (armoured vehicles) in Ode-Remo, Ogun State; Lasbag in Akure etc.

He said automotive manufacturers have entered into contractual commitment with Original Equipment Manufacturers, OEMs, to realise this vision. “We have also assured our OEMs partners that the government is determined to see this through and they can expect a stable environment and consistence policy.”

Madueke who was elated by the bold step of the Minister of Industry, Trade & Investment, Dr Olusegun Aganga said the benefit derivable from the new policy include foreign direct investment, strengthening local manufacturers, development of auto components, skill acquisition, creation of employment creation of wholesome industrial development.

Amplifying the support for government, Senator Sanusi Daggash said the thrusts of the new auto policy are to encourage investments, enhance technological development and revive production activities in the industry.

He believed that the new policy has put auto manufacturers on their toes to compete beyond the shores.

He said: “We do not only have the international market to contend with but the African market as well. The thing that government has done is to put us in a position to compete with any manufacturer or assembler anywhere in the world.

“The fact is that we go to the same companies to get the Completely Knocked Downs, CKDs. CKDs mean automobile that is imported or exported in parts and not as one assembled unit.

“Such units are first sent to an assembly plant in the target country where all these parts are assembled into one complete car. “This policy is not exclusive to us as manufacturers but to everybody, the consumers, traders who import and manufacturers. The essence is that we are now trying to put a formal foundation in place where we can enhance the industrial sector to grow the economy.

“The logistic of moving things from one place to the other is the driver of any economy but we known the issue of health, safety, infrastructure challenges, lost of lives. And now we are shifting from the so called second hand to improving the quality of what we can deliver to the average person in the country.

“We are not to boast that we can manufacture Rolls Royce but we are looking at what kind of market Nigeria has, We have people who are graduating from school, we have traders and we have people in the informal sector, and if we have to grow the GDP of this country, we have to increase the productivity of every aspect that enhance that aspect of our economy and automotive sector is the key component in driving the economy.