Tuesday, August 25, 2026

Auto industry plans transformation, targets compressed natural gas, electric vehicles

“Investors see Nigeria’s large and growing youth population as a prime opportunity.’’

• May 26, 2024
Electric vehicles
Electric vehicles used to illustrate the story [Photo Credit: Car and Driver]

The Nigerian automotive industry is gearing up for a significant transformation, with a focus on compressed natural gas and electric vehicles.

The Director-General of the National Automotive Design and Development Council, Joseph Osanipin, told journalists in Abuja that Nigeria’s abundant natural resources were key to this transformation.

“On EVs, Nigeria has a good advantage if we pursue EVs as well as CNG parts. The advantage of CNG is that because we have natural gas in abundance, it naturally makes it cheaper for us to go that route. Again, we have the technical know-how and the component parts,” he said.

According to Mr Osanipin, many are already thinking of manufacturing cylinders, fossils, and many other CNG components in Nigeria.

He said the push for CNG and EVs was about technological advancement and economic benefits for the country.

“Investors see Nigeria’s large and growing youth population as a prime opportunity; with the population and Nigeria’s economy, investors know this is where to invest, ’’ he said.

On the benefits of CNG, the director-general said producing these components locally would force down the prices of some of these parts and even the price of new vehicles.

Mr Osanipin said part of the strategy required using a deletion policy, where imported parts were gradually removed from the locally assembled vehicles, thus making our vehicles more competitive in price.

According to the NADDC boss, the council aimed to leverage these advancements to create more jobs and increase technological transfer.

The director-general also credited the propelled auto industry to the Tinubu-led administration’s focus on ease of doing business and digital innovation.

According to him, digital innovation has significantly influenced NADDC’s operations by helping it gather data easily, advise on specialisation, and track vehicle registration across the country, among other things.

Mr Osanipin said that to further support the automotive industry, NADDC would inaugurate a vigorous campaign to raise awareness about locally assembled vehicles.

“We are going to visit media houses to let them know our reality. We want to sensitise Nigerians to the benefits of buying locally made vehicles. This campaign will highlight the activities of the council and the achievements of local assemblers, promoting the quality and availability of Nigerian-made vehicles,” he said. 

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

FCTA and UNICEF

Abuja

FCTA, UNICEF urge councils to boost food security, tackle malnutrition

He described nutrition security as a cornerstone of human capital development and economic growth. 

President Bola Tinubu (Credit: Presidency)

Heading 1

Tinubu’s re-election based on better performance than past presidents: APC

Mr Morka said the APC’s campaign for Mr Tinubu’s re-election is based on his performance.

Ademola Adeleke

Hot news Home top

Adeleke releases N500 million relief fund for Osun election violence victims

The process is to establish genuine claims and ensure that relief reaches deserving victims.

National Drug Law Enforcement Agency (NDLEA)

States

NDLEA raids suspected drug spots in Abeokuta

Mr Musa explained that the operation is a nationwide coordinated exercise launched by the NDLEA.