The National Automotive Design and Development Council (NADDC) says it will strengthen its collaboration with key stakeholders to develop robust policies to boost local automobile production in the country.

NADDC director-general Joseph Osanipin said this Thursday at the Nigeria Automotive Industry Stakeholders Conference in Abuja.

According to Mr Osanipin, the policies will enhance the growth of the nation’s automobile industry and attract more foreign direct investments to the country.

He highlighted the automotive sector’s critical role in the Nigerian economy, noting its contributions to commerce, transportation, and employment.

Mr Osanipin said building a robust automotive industry required long-term commitment, adaptability, and, most importantly, collaborative efforts to achieve a common goal.

Mr Osanipin advised participants to devise strategies for building a future where Nigerian-made vehicles dominate the nation’s roads and are symbols of innovation and progress.

“The Nigerian automotive sector is vital to our economy, propelling commerce, facilitating transportation, and creating jobs. And as we all know, this industry is a dynamic force intimately intertwined with the economic climate, technological advancements, and even the environmental landscape,” Mr Osanipin explained.

He added, “At NADDC, we firmly believe that building a robust automotive industry is a marathon, not a sprint. And it demands unwavering commitment, the agility to adapt when necessary and most importantly, unwavering collaboration to reach a shared finish line.”

Mr Osanipin acknowledged the industry’s challenges, such as access to financing and the need for a skilled workforce.

The director-general called for innovative solutions, including alternative financing models and leveraging technology for online training platforms to equip Nigerians with the necessary skills.

He affirmed NADDC’s commitment to fostering partnerships that develop robust policies, incentivise local production, attract foreign direct investment, and prioritise environmental considerations.

“The future of the Nigerian automotive industry rests on our collective shoulders. Together, we can build an industry that is not just economically viable but also environmentally conscious and a source of national pride,” Mr Osanipin stated.

Meanwhile, the managing director of the Bank of Industry, Olasupo Olusi, described the automobile industry as key to job creation, youth empowerment, poverty eradication and national economic development.

Mr Olusi expressed BOI’s financial support to key players and investors to enhance the industry’s growth.

The president of the Nigeria Association of Road Transport Owners (NARTO), Yusuf Othman, reiterated the need for Nigerians to patronise vehicles made in Nigeria for economic growth and development.

He identified inadequate infrastructure as a major challenge confronting the sector and called for more collaborative efforts towards effective sustainability in the industry.

(NAN)