Abuja - The country is committed to developing its automobile industry through the implementation of the new national automotive policy, President Goodluck has said in Switzerland.
This followed a meeting with the Chief Executive Officer of Nissan Motors, Carlos Ghosn and representatives of Nissan's partners in Nigeria on the sidelines of the ongoing World Economic Forum.
According to Reuben Abati, the Special Adviser to the President on Media and Publicity, a key objective of the new policy was to make new cars affordable to more Nigerians.
"The only way to reduce the preponderance of second hand cars on our roads is to produce good quality cars with affordable pricing locally," the President is quoted in a statement Abati made available.
He welcomed the Nissan group's investment in vehicle production in Nigeria.
Jonathan noted that all investors in local automobile production in the country would have a huge market ready for their products.
"The automobile industry in Nigeria has a huge potential for growth. The market is not just Nigeria, but the entire West African region," the President said.
Ghosn applauded the Federal Government's new automotive policy, saying that it would encourage the inflow of investments and technical expertise to boost domestic vehicle production.
The government is preparing to implement a new auto policy that may see an increase in the tariff paid on imported vehicles up to 70 per cent
- CAJ News