Skip to content
September 29, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • FG’s auto strategy attracting investments to Nigeria- NADDC boss
  • Business & Economy

FG’s auto strategy attracting investments to Nigeria- NADDC boss

Admin May 26, 2024

Osanipin NADDC chief

Osanipin NADDC chief

The Federal Government has proactively attracted foreign investments to the Nigerian automotive industry. Mr Joseph Osanipin, the Director-General, National Automotive Design and Development (NADDC), said this in an interview with the News Agency of Nigeria (NAN) in Abuja.

Osanipin said a significant effort geared towards this move was the recent meeting with the African Association of Automotive Manufacturers (AAAM) on May 3.

According to him, AAAM, consisting of eight major Original Equipment Manufacturers (OEMs) in Africa, has expressed keen interest in investing in Nigeria.

“They are looking at areas and how to invest in Nigeria because they know we have something that is unique and that’s the market, the population and then the growing youth.

“When you look at the age of Nigerian population, you will now know that a lot of Nigerians are below 40 years. These are the people that buy cars more.

“So they know this is where to invest. we are working with them, we know their concerns, we have noted them and we are working with those concerns.

He said the investors were discussing with the Federal Government on how to explore investment opportunities in the country.

On vehicle recalls, the NADDC said the council focused on ensuring the quality of locally assembled vehicles to meet global standards.

“So what we will try to do with our own assemblers is; there are some basic processes to ensure quality assurance. We always make sure that those basic processes are in place and adhered to.

“Some of these vehicles that are recalled, it is when you are using it you realise something is wrong either with the breaking system or feasibility or a lot of things.”

According to Osanipin, every vehicle assembled in Nigeria undergoes rigorous testing to ensure compliance with safety standards.

He said NADDC also had a compliance unit that monitored service failures and quality issues and ensured that appropriate actions were taken.

The director-general said that for vehicles that required recall, the council always followed up with its representatives from Nigeria to tackle the issue.

Osanipin said the efforts to attract foreign investments, ensure safety and quality, and promote locally assembled vehicles were all part of a comprehensive strategy.

According to him, the strategy is to strengthen the automotive industry and drive economic prosperity. (NAN)

 

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: AAAM Automotive industry Bola Tinubu Mr Joseph Osanipin NADDC

Post navigation

Previous Edo 2024: Ighodalo unfolds his vision for Edo development, prosperity
Next 2 kidnapped Kogi varsity students killed – Police

Related Stories

Dangote says Kenya court ruling won’t halt refinery launch but may affect site activities Aliko Dangote
  • Business & Economy

Dangote says Kenya court ruling won’t halt refinery launch but may affect site activities

September 29, 2026
NNPC, NLNG, Customs, Dangote, others partner with GOCOP for 2026 conference
  • Business & Economy

NNPC, NLNG, Customs, Dangote, others partner with GOCOP for 2026 conference

September 29, 2026
Delta Investment Club launched in Asaba, to empower Deltans home and abroad Naira collapse
  • Business & Economy

Delta Investment Club launched in Asaba, to empower Deltans home and abroad

September 29, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Dangote says Kenya court ruling won’t halt refinery launch but may affect site activities Aliko Dangote
  • Business & Economy

Dangote says Kenya court ruling won’t halt refinery launch but may affect site activities

September 29, 2026
NNPC, NLNG, Customs, Dangote, others partner with GOCOP for 2026 conference
  • Business & Economy

NNPC, NLNG, Customs, Dangote, others partner with GOCOP for 2026 conference

September 29, 2026
Delta Investment Club launched in Asaba, to empower Deltans home and abroad Naira collapse
  • Business & Economy

Delta Investment Club launched in Asaba, to empower Deltans home and abroad

September 29, 2026
DEATH OF UNITY EKPEVBUGHE ADEDA: police take Commissioner, three others into custody; intensify manhunt for two
  • Crime and Justice

DEATH OF UNITY EKPEVBUGHE ADEDA: police take Commissioner, three others into custody; intensify manhunt for two

September 29, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.