Auto Industry Attracts $1bn, Imports Gulp $8bn Annually
Since the commencement of the National Automotive Industry Development Plan in 2013, about $1bn (N360bn) has been invested in the sector.
The Director-General, National Automotive Design and Development Council, Jelani Aliyu, gave this figure on Monday in Abuja...
Auto Industry Gets 3year Hit In Profit, Stocks
The nation’s automobile industry has been reeling under the pangs of harsh operating environment, just as the bottom-line of the sector’s listed equities, since 2015, remained subdued, with gloomy outlook, due to policy challenges.
Indeed, most hit, within...
FG To Inject N300bn Into Auto Industry
The Federal Government plans to inject N300bn into the nation’s vehicle assembly plants as part of measures to accelerate the development of the automotive industry.
Already, contributions into a support fund initiated to facilitate the vehicle production finance scheme...
